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In: Finance

Make at least 5 connections between financial literacy and wealth management.

Make at least 5 connections between financial literacy and wealth management.

Solutions

Expert Solution

5 connections between financial literacy and wealth Management are as follows-

A. Financial literacy will be helpful in better wealth Management for the individuals and it is directly related to wealth Management.

B. Those persons who have higher financial literacy will be cutting up on their expenditures and increasing their savings to a large extent which will reflect a high degree of Wealth Management.

C. Financial literacy also helps in getting the financial independence which is one of the major goal of wealth Management.

D. Financial literacy will also help in investment into those asset classes which will be maximizing the rate of return and it will eliminate the risk and maximize the written over the long run which is synchronised with the goals of wealth Management.

E. Financial literacy will also help in planning for the long-term and maintenance of emergency funds which are reflection of highly diversified ideas which are another objective of wealth Management.

jeff jeffy answered 1 year ago
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