If you want to get rich, how would you do it? There are a number of ways.o:p>

Best-selling author Robert G. Allen said it best in his book, Creating Wealth. The very first step is to stop thinking poor. Another sound advice is never get yourself too deep in consumer debt.  Maybe you could invest in real properties or valuable objects that accumulate in value as time passes by.

But if you're already building up some wealth, now's the time to consider ways of managing wealth wisely. The question is, how does one manage wealth?

            According to BDO Private Bank Wealth Advisory and Trust Group's (BDO PB WATG) Gamalielh Benavides, wealth management is a holistic and disciplined approach in analyzing an individual's financial objectives and creating a plan to meet those objectives. The plan will take into account the individual's unique life circumstances, life stage and risk/return appetite to produce an appropriate budget and investment plan that would meet the individual's short- and long-term needs, including passing on wealth to the next generation.

"For starters, how does one go about creating wealth? There are several sources, such as wealth that is inherited. Secondly, wealth is a result of flourishing businesses and the most common is wealth accumulated as one goes up the corporate ladder," Benavides said.

For those who inherited their wealth, BDO PB WATG assists the current generation to further increase their wealth so that, just like their previous generation, they can pass it on to the next generation. BDO PB WATG does the same thing for entrepreneurs by taking care of their financial assets while they focus on their businesses. The bank also provides information on capital markets and recommends investment strategies for those who need help or advice to grow their money. "We pay close attention to the unique circumstances and objectives of our clients to produce unique financial solutions to their requirements. We also pay close attention to the confidential nature of our business," Benavides said.

Atty. Clarissa Peñalosa, BDO PB WATG's Tax and Estate Planning specialist, further added that the BDO Private Bank is the only local private bank which provides comprehensive financial advisory and management, and trust and estate planning services backed by a team of highly trained and seasoned financial, investment, and trust/legal officers.

"In BDO Private Bank, we have made tax planning an indispensable component of our said services," Atty. Peñalosa said. "While tax planning in its proper perspective is subordinate to their true goals, nonetheless this cannot be ignored as taxes always bear significantly on whether their final objectives are in fact achieved."

"We can provide a wide range of services from individual investment strategies to comprehensive estate planning. Under a financial advisory and investment management account, the BDO PB WATG will only recommend a financial plan and specific investment strategies to the client.  The decision to implement the plan and invest in certain securities will still be made by the client," Atty. Peñalosa said. "Our goal at BDO is to assist you in achieving your life goals through the provision of advice and financial services.  We aspire to a high level of client satisfaction and seek to offer what is often lacking in today's frenzied world, a personal touch."

            To know more about BDO PB WATG's wealth management solutions, interested parties may call BDO Private Bank's Wealth Advisory & Trust Group at telephone numbers 848-6301, 48-6302, 848-6304 and 848-6267 or email us at wealthadvisors@pb.bdo.com.ph.