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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Assets under administration (AUAdmin)

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The value of all assets for which an advisor is paid to provide administrative services that are not investment management, investment advisory, or other financial advisory services.

Assets under administration (AUAdmin) includes the value of all assets for which a firm is paid to provide administrative services such as custody, reporting, and fund accounting.  The firm is not engaged to manage or provide advisory services regarding the assets, so AUAdmin is exclusive of assets under management (AUM) and assets under advisement (AUA).

Some firms define the term AUA as assets under advisement, some define AUA as assets under administration, and others define the term as a combination of both.  Therefore, when evaluating a firm’s AUA it is important to obtain the firm’s definition of the term. 

See Also: Assets Under Administration (AUAdmin) and Assets Under Management (AUM)

Investopedia. “Assets Under Administration.” Last Modified December 17,2020. www.investopedia.com/terms/a/assets-under-administration.asp

Faster Capital. “Understanding Assets under Administration (AUA).” fastercapital.com/topics/understanding-assets-under-administration-(aua).html.  Accessed September 17, 2024.

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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

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