Nigeria is among the third world nations.
This gradation is so based on the standard of development and growth indexes emanating from the confines belonging to the country. Recently, due to economic activities and government options, the country is termed an emerging economy.
It is favourable to note that in recent times, growing economic activities in the usa has started showing signs of producing a brand new sets of richest. Among them are educated and non educated, young and old, localized and foreign, male and female, and most importantly those that are actually financially literate and illiterate. They are coming from virtually all numerous areas of businesses. Most vivid of them all are those in deposit, oil and gas, sports, manufacturing, transportation, telecommunications, real estate and this darling entrepreneurs whom we call, buying and selling folk.
The very numbers of these new sets of millionaires are absolute to be expanding owing to the virgin nature of the place and the escalating demands of its over 140 million dollars citizens and unknown number of aliens. Equally, worthy of please note is the VISION 2020 proposed by the present president, Lead designer Umaru Musa Yar’ Adua to place Nigeria among the top20 economies of the world by that year.
As noble given that the ideas are, and as all spanners are now at work to realize that vision, creation of more wealth p
oses more concerns less than the eyes can see in terms of retaining the success so created. On this note stands the need for a financial advisor in wealth management. This notion remains novel, yet still it sounds quite strange as many of our citizenry both people today and cooperate bodies may not understand its place in market affairs. Mr. President saw it as a dire have thus, in his state visit to Switzerland earlier this year, the guy called on Nigerian business community living there coming home and give a helping hand to realizing the following dream.
This service has been well established in developed states and it accounts for the quantum leap in these nations money. It is not a chance occurrence to see empires abroad that has survived for more than four decades and still counting. Among them, a word for example PRIVATE WEALTH MANAGEMENT is quite a regular which denotes a good specialized service rather than a generally offered service. According to Morgan Stanley a foreign financial service provider, “private wealth management” is known as a service reserved for clients with investments worth over 20 dollar million.
Based on this reason, the importance of a financial planner may not be over emphasized. He occupies a central position like for example that of a coach. In his team are bankers, law firm, insurers, real estate brokers, stockbrokers et al.Get financial planning and money management advice from Stephen Paul Weather’s Merrill Lynch
Their duty relies on originators instruction.
This duty separates them from all other the traditional financial services practitioners. Thus for a beginner he’ll be a trusted friend and guide to reach a set budgetary destination. For those who have counted a few millions, this strategic blueprints multiplies your wealth, for those in the multi million setting, their expertise will sustain, safeguard and transfer your company hard earned wealth to your desired recipients.
Cases abound for empires in multiples that have nose dived and diminished at the demise of their founders. Similarly, a person’s individual legal requirements does offer one’s wealth to unapproved persons. Also, probate taxes and mismanagement of wealth are not left out.