High-net-worth individuals may opt to hire a wealth management expert to make sure that their investments are protected. These professionals can also help them avoid unnecessary tax burdens and losses. They can also help plan for the transfer of their wealth to their heirs. Although these services are not cheap, they can help high-net-worth individuals to make the most of their wealth. When looking for wealth managers, it is important to consider their qualifications and reputations. Ideally, they should be certified investment management analysts, private wealth advisors, or certified financial planners. If you are not sure which credentials they have, you can ask for recommendations from other advisors. In addition, you can use the Internet to conduct a quick search for wealth management firms in your area. The financial industry has a knack for coming up with new names for things. If it can come up with a name for alcohol, it can do it with financial plans and investments. The financial industry has even gotten better at combining things like investment and financial planning. So if you think about it, you can see that the financial world is better at coming up with new terms than we are.