In asset management, you are dealing solely with the appropriate management of the money of wealth management clients. So not only do you need to concern yourself with how they're invested, you also need to pay attention to their estate planning, current tax situation, plans for future spending, etc. In wealth management, you'll be interacting with your clients at least monthly (but often weekly) and dealing with their entire financial picture. But, generally speaking, you can think about the difference between the two as follows. The reality is that asset management encompasses a wide diversity of potential jobs. One of the most frequent questions I get from folks is what the distinction is between wealth management and asset management and whether or not the wealth management interview guide I created is applicable to asset management as well.
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