The Risk Management domain encompasses all areas of an UHNW family’s personal, business, and wealth management and activities that require careful analysis, oversight, planning, and protection for liability, privacy, and security.  Traditionally, this domain was seen primarily as the realm of insurance planning and management. As families and their enterprise assets have grown more complex in an increasingly litigious and risk-laden environment, the domain has expanded significantly and requires holistic planning and management to be effective. Consistent with this, modern risk management requires the active knowledge, education, and participation of the family in assessing and managing its privacy, security, and liability risks. 

The Risk Management domain is a component of the Wealth Creation and Stewardship cluster in the Ten Domains of Family Wealth model of The UHNW Institute.