A wealth management advisor is someone who is there to help you with more advanced financial issues, such as managing your overall investment strategy, both your retirement and non-retirement investments, and helping you manage all of your assets. A wealth management service often works together with other professionals who are assisting you, such as an accountant and a lawyer. 1. Wealth Management Is For Those with Money Wealth management services are not designed to assist someone who has a couple hundred thousand dollars to manage their wealth better.