Wealth management pertains to the process of deciding and executing a plan aimed at conserving, growing, existing wealth consistent with the liquidity, taxation, and legal aspects. Needless to say, in wealth management, having a significant corpus is a pre-requisite as opposed to financial planning where the money is managed in consonance with the fund flows. Wealth management services may also include liasoning with bankers, financial institutions, private equity firms, chartered accountants, lawyers, tax consultants, estate planners etc. It can also include evaluating and deciding on acquiring stakes in businesses and /or also selling them.