Wealth management involves assisting high-net-worth individuals in preserving and growing their wealth. Financial advisors specializing in wealth management help their clients develop long-term financial plans involving spending, saving, and investment strategies. The plans also encompass retirement and financial planning for major and unprecedented life events. You can choose from the following leading wealth management firms and get access to advisors who are formally recognized to provide top-notch financial planning services:

UBS
UBS, a Swiss company, is one of the top wealth management firms by size that yielded around $4.8 billion in pre-tax profit via its wealth management activities, accounting for more than 50% of the firm’s pre-tax profit in 2021. The company has 286 branches in the country and provides top-notch wealth management services to executives, entrepreneurs, families, and individuals. It is also regarded as a member of the bulge bracket banks comprising the largest multi-national investment banks, whose clients typically include governments, institutional investors, and large corporations. One of the best wealth management firms in 2022, UBS offers services in over 50 countries.

Fidelity Investments
Founded in 1946, Fidelity Investments is incredibly popular for its mutual funds. Presently, the company works with 22,000 employers to provide pension plans for employees. With Fidelity, you can have a 529 college savings plan, a brokerage account, an IRA, and an HSA. Their advisors will work with you to formulate a comprehensive wealth management plan comprising estate planning and retirement planning. To avail of their advisory services, the minimum investment amount should be $50,000.

J.P. Morgan Asset Management
The company has been around since 2000 and today is a leader in offering comprehensive asset management services to investors. It has more than 1,000 investment professionals across the world. J.P. Morgan has one of the most qualified and largest teams to help you materialize your financial goals. It offers global research insights and personalized advice through its team of experienced professionals.

Credit Suisse
Another Swiss financial services company on the list of best wealth management firms in 2022, Credit Suisse has been around since 1856. The company was initially established to help fund the development of Switzerland’s rail system, but today, it is one of the bulge-bracket banks. Its wealth management solutions include transferring, accumulating, and preserving wealth. The company underwent serious reconstruction in 2002, 2004, and 2006 but was one of the least affected banks during the global financial crisis. However, it recently executed layoffs, cut costs, and slimmed down its investment business.

Bank of America
Most people think of this company as a friendly neighborhood bank, but it is much more than that. Not just Merrill Lynch’s parent company, Bank of America also consists of private wealth management divisions. In 2021, it earned around $4.33 billion from its global wealth management business. By the end of 2021, they had over 18,800 wealth advisors associated with the bank.

Vanguard Group
The Vanguard Group is a renowned investment company that has been around for several decades. Today, it has $7 trillion in assets under management globally. It manages the Vanguard 500 index fund and is known for its low-cost investment solutions for individuals.

Wells Fargo
Wells Fargo is among the best wealth management firms of 2022 because of its diverse range of services. In 2021, the company reported a net income of over $2 billion from its investment and wealth management segment, amounting to approximately 9% of the firm’s total net income. In 2008, Wells Faro acquired Wachovia’s banking operation, making the company a national player in securities brokerage. Further, it has over 12,000 wealth management and financial advisors.