The Wealthesaurustm

A Glossary of Family Wealth Advising Terms

The Wealthesaurus provides standardized definitions of common and specialized family wealth advising industry terms. By sharing this glossary, we hope to improve communication across the UHNW community.

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Multidisciplinary

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Knowledge, skills, and/or activities that cross two or more professional fields or disciplines to help create solutions or services.

The term “multidisciplinary” is often used interchangeably with “interdisciplinary.”  However, true interdisciplinary activity is distinguished by the extra quality of integrating multiple disciplines, not just drawing from those fields.

See Also: Interdisciplinary

Merriam-Webster.com Dictionary. “Multidisciplinary.” Accessed October 21, 2024. www.merriam-webster.com/dictionary/multidisciplinary.

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The UHNW Institute. “Wealthesaurus: a Glossary of Family Wealth Advising Terms,” 2024. https://wealthesaurus.org/

For more information on general topics related to finance, law, or investments, see also:

Charles Schwab Investing Glossary

Cornell Law Legal Information Institute

Investopedia

IRS Data Book Glossary of Terms

IRS Glossary of Trust Terms

U.S. Securities and Exchange Commission Glossary

Mission:
  • Provide an intellectual framework, understanding and organization of family wealth management content
  • Educate advisors and family offices on how best to support evolving UHNW families
  • Provide thought leadership, insights and resources to advisors and family offices
  • Promote best practices, provide professional development and support sustainable, positive change within our industry
  • Foster an equitable, collaborative and safe learning environment within the wealth management industry