Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. Using a consultative process, the advisor gleans information about the client’s wants and specific situation, then tailors a personalized strategy that uses a range of financial products and services. Often, a holistic approach is taken within wealth management. To meet the complex needs of a client, a broad range of services—such as investment advice, estate planning , accounting, retirement, and tax services—may be provided. While fee structures vary across comprehensive wealth management services , typically, fees are based on a client’s assets under management (AUM).