I think that is a finishing polish, could be wrong. Some products these days claim the
"all in one" abilities.
Wax should be kept up with every 4 months or so. If it is a durable wax. Colinite is a great maintenance wax that offers good longevity and performance for price. If your car was just polished however, it still needs a coat or two
I also recommend at least researching some of the current spray sealants, some really good stuff and you'll save your elbows. Ha.