As part of our mission, The UHNW Institute has thoroughly examined the broad range of needs and services that impact the lives of families with wealth. Based on this analysis, we’ve determined the Ten Domains of Family Wealth—an interdisciplinary model representing the specialized landscape ultra-high-net-worth families inhabit.
This groundbreaking model includes nine disciplines, each of which requires a high degree of technical acumen, plus a central domain representing the many relationships and skills through which families and their advisors interact.
You can click on the individual domains for a description of each.
Encompassing all activities managing the financial, real estate, collectible, equity, investments, and other assets that form the financial wealth of the family, including tax planning and management related to managing those assets.
Encompassing all activities managing the estate planning, trusts, family law, and family litigation activities and needs of the family, including the tax planning and management pertaining to wealth transfer as well as the legal aspects of financial management within and across jurisdictions.
Encompassing the financial and nonfinancial charitable, philanthropic, social impact, and community activities of the family, including foundations and other vehicles by which families may choose to create impact in the world based on their values and goals.
Encompassing all activities managing the insurance, risk strategy and management, cyber/digital security, and household security activities and needs of the family.
Encompassing the family’s structures and processes in managing itself within and across generations, including decision-making in any family enterprise that may be present.
Encompassing the family’s planning and activities for fostering, supporting, and assuring continuity across time for the leaders of the family and any family enterprise that may be present.
Encompassing the personal, family enterprise, and family system activities that foster, support, and educate family members at all life stages, accounting for learning styles, decision-making roles, and positions within family, ownership, and business relationships.
Encompassing the personal and family strengths, challenges, communication needs, and conflict management strategies related to the family, its relationships, and wealth.
Encompassing the intersection of physical, mental, and spiritual health, wellness, disability, and resilience with the complexities of wealth and the family system.
Encompassing the many generalist, cross-domain activities and needs of the family pervading all interactions with its various advisors and advisory teams, including the quality of the communication, relationship, collaboration, and integration services beneficial to the family.