wealth management ** a type of financial planning that provides high net worth individuals and families with private banking,estate planning,legal resources,and investment management,with the goal of sustaining and growing long-term wealth.whereas financial planning can be helpful for individuals who h**e accumulated wealth or are just starting to accumulate wealth,you must already h**e accumulated a significant amount of wealth for the wealth management process to be effective. examples of wealth managers include independent adv**ors like ffr[2]or large corporate entities like citibank's citigold and other extensions of retail banking services designed to focus on high-net worth retail customers. such customers would be called internally in a bank 'mass affluent' or 'upper retail' clients because of their net worth,the number of potential products they own from the bank,their assets under management and other methods of segmentation.the banks create separate branches,services and other 'benefits' to retain or attract these customers who are typically profitable than other retail banking customers.however,wealth management clients are not private banking clients because they simply do not h**e the net worth or assets under management to justify the level of banking services that private banks provide. http://www.eurekahedge.com/attachments/apr%202004%20-%20wealth%20management%20-%20businessweek.pdf