Asset management primarily involves portfolio construction and management. Wealth management includes aspects of financial planning—such as taxes, charitable donations and portfolio management. When choosing an asset or wealth management professional, it’s important to understand the services they offer and how they are paid.

Norway's $2 trillion sovereign wealth fund said on Monday it is terminating contracts with asset managers handling its Israeli investments and has divested parts of its portfolio in the country over the situation in Gaza and the West Bank.

Saudi Arabia’s sovereign wealth fund solidified its position as one of the world’s biggest state-backed investors as assets surged last year, though returns dropped.