Passive income: NO

Earning passive income as a wealth manager is challenging and not typical for most people. The role generally requires active involvement, such as client meetings, portfolio management, and continuous market analysis. To make it passive, one would need to establish a firm with a team handling day-to-day operations, or create automated systems for investment management. However, this level of automation and delegation is rare and usually achieved by a few outliers with significant resources. Most wealth managers remain actively involved due to the personalized nature of the service. Misleading expectations often arise from oversimplified success stories, but the reality is that passive income in wealth management is not common without substantial initial investment and infrastructure.