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REDDIT

Why are there so many different types of investment/wealth advisory/management firms?

A
Apr 28, 2025 · 12:54

There are asset managers, wealth managers, money managers, financial counsellors, investment advisors, wealth preservation/conservation/protection firms, financial planning firms, and a million other similar types of professions/firms. Why are there so many different types (even though I don't really know the difference between them)?