> ## Documentation Index
> Fetch the complete documentation index at: https://financecontext.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Wealth Management Plugin
> Wealth management and financial advisory tools: client reviews, financial planning, portfolio analysis, and client reporting
## What is Wealth Management?
Wealth management is a comprehensive financial advisory service that helps individuals and families grow, protect, and transfer their wealth. Unlike simple investment management (which focuses only on picking stocks and bonds), wealth management integrates **investment management**, **financial planning**, **tax optimization**, **estate planning**, **risk management**, and **behavioral coaching** into a holistic strategy tailored to each client's unique situation and goals.
Wealth managers serve **high-net-worth (HNW)** individuals (typically $1M+ in investable assets) and **ultra-high-net-worth (UHNW)** individuals ($30M+), as well as families across generations. The relationship is deeply personal -- a good wealth manager understands not just a client's portfolio, but their life goals, family dynamics, risk tolerance, tax situation, charitable intentions, and legacy wishes.
The wealth management industry is dominated by large wirehouses (Morgan Stanley, Merrill Lynch, UBS), independent broker-dealers, registered investment advisors (RIAs), private banks, and family offices. RIAs have been the fastest-growing segment, as investors increasingly prefer the **fiduciary standard** (advisors legally required to act in the client's best interest) over the suitability standard that governs broker-dealers.
## Why It Matters
The core value proposition of wealth management is simple: most people are not equipped to manage their own financial lives optimally. Tax rules are complex and change frequently. Investment markets are volatile and behavioral biases (selling in panics, chasing performance) destroy returns. Estate planning requires legal expertise. Insurance needs are hard to assess. A wealth manager coordinates all of these elements into a coherent plan.
The advisory relationship typically generates value in three ways: (1) **investment returns** -- professional portfolio management with disciplined rebalancing and diversification, (2) **tax alpha** -- strategies like tax-loss harvesting, asset location, Roth conversions, and charitable giving that add 1-2% annually in after-tax value, and (3) **behavioral coaching** -- keeping clients disciplined during market volatility, which studies estimate saves 1-2% annually in avoided mistakes.
## Key Concepts
| Term | Definition |
| ------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------- |
| **AUM** (Assets Under Management) | The total market value of assets a wealth manager oversees on behalf of clients |
| **IPS** (Investment Policy Statement) | A written document defining the client's investment objectives, risk tolerance, time horizon, constraints, and target asset allocation |
| **Fiduciary** | A legal standard requiring the advisor to act in the client's best interest, not just recommend "suitable" investments |
| **Asset Allocation** | The mix of stocks, bonds, alternatives, and cash in a portfolio -- the single biggest driver of long-term returns |
| **Tax-Loss Harvesting** | Selling investments at a loss to offset capital gains taxes, then reinvesting in similar (but not identical) securities |
| **Rebalancing** | Periodically adjusting portfolio holdings back to target allocation weights as markets move |
| **Monte Carlo Simulation** | A probability-based method for projecting portfolio outcomes by running thousands of scenarios with varying market returns |
## Commands
Prep for a client review meeting with performance summary and talking points
Build or update a comprehensive financial plan covering retirement, education, and estate
Analyze allocation drift and generate tax-aware rebalancing trades
Generate a professional client-facing performance report
Create a personalized investment proposal for a prospective client
Identify tax-loss harvesting opportunities and manage wash sale windows
## Skills
| Skill | Purpose |
| --------------------- | ---------------------------------------------------------------------------- |
| `client-review` | Meeting prep with performance, allocation, and talking points |
| `financial-plan` | Comprehensive planning covering retirement, education, estate, and cash flow |
| `portfolio-rebalance` | Drift analysis and tax-aware trade recommendations |
| `client-report` | Professional quarterly or annual client-facing reports |
| `investment-proposal` | Personalized prospect presentations with proposed allocation |
| `tax-loss-harvesting` | Loss identification, replacement securities, and wash sale tracking |
## Getting Started
```bash theme={null}
claude plugin install wealth-management@financial-services-plugins
```
Use `/proposal` to create personalized investment proposals for prospective clients.
Use `/financial-plan` to build comprehensive plans covering retirement, education, estate, and cash flow.
Use `/client-review` to prepare meeting packages with performance, allocation, and talking points.
Use `/rebalance` for drift analysis and tax-aware trades. Use `/tlh` for tax-loss harvesting opportunities.
Use `/client-report` to generate professional quarterly or annual performance reports.
All outputs should be reviewed for compliance with your firm's policies and applicable regulatory requirements before distribution to clients.
**Author:** Anthropic FSI
**Version:** 0.1.0