Groundbreaking Industry Glossary Featured in Family Wealth Report
The UHNW Institute’s Wealthesaurus™ was unveiled at our Symposium in New York and featured prominently in a Family Wealth Report article. This first-of-its-kind glossary defines over 70 terms in family wealth advising, providing clarity and consistency for advisors and clients. The Wealthesaurus™ is still in development and is currently available only for UHNW Institute members.
The article highlights key features of the glossary, including its cross-referenced definitions and potential to be a game-changing educational tool. It also captures the excitement of industry leaders who say that developing the Wealthesaurus™ “may be one of the most important things the Institute does.”
The Family Wealth Report article also discusses The Institute’s broader Integrated Family Wealth Management initiative. Using its Ten Domains of Family Wealth© as a foundation, The Institute has developed its “Multiphasic Service Model” (MSM), which describes the services that are required to meet the needs identified in the Ten Domains, and its “Advisory Business Models Grid”, which will allow firms and families to compare firms’ approaches for delivering those services.
