This roundtable, led by Dr. Jim Grubman, Content Chair at the UHNW Institute, explored the AIM Framework™, a model developed by the Institute to guide advisors and families through the complexities of integrated family wealth management across the Ten Domains of Family Wealth™.

Participants examined how the framework, which stands for Assessment, Implementation, and Monitoring, provides a structured, repeatable process that makes complex decisions more transparent and manageable for both families and their advisory teams. The discussion highlighted its practical application to real-world situations such as liquidity events, health crises, and generational transitions. The conversation emphasized the importance of active engagement from both families and advisors, along with ongoing communication, adaptability, and integrated expertise.

The conversation also addressed challenges to successful implementation, from behavioral and psychological barriers to the difficulty of coordinating across domains. The session reinforced the AIM Framework as a practical tool that promotes collaboration, resilience, and continuity for families navigating change.

5 Key Takeaways

1. The AIM framework offers a structured, repeatable approach for managing the complex needs of ultra-high-net-worth families across multiple domains.
2. Effective family wealth management requires active collaboration and open communication between advisors and all relevant family members, with clearly defined roles and responsibilities at each stage.
3. Integrated advisory services, rather than siloed expertise, are essential for addressing overlapping and evolving family needs, especially during major life events or transitions.
4. Change management, including understanding psychological and behavioral barriers, is just as important as technical project management in ensuring that plans are successfully implemented and sustained.
5. Regular reassessment and a willingness to revisit the initial assessment phase are crucial, as family circumstances, goals, and external factors inevitably change over time.

The full video replay from this roundtable event is available for UHNW Institute members in the member portal here.

Family Wealth Report also featured the AIM Framework™, recognizing its value as a model for guiding advisory practices with families. Read the full article here.

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