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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Resources

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The internal staff and external advisors, technology, materials, tangible and intangible assets, and financial ability that support the activities of a firm or individuals.

Resources available to a wealth advisory firm or its advisors include all the types of support that enable them to deliver services to their clients.  Examples include internal and external personnel available to help, technology accessible by or on behalf of the advisor, reference and other materials that can help answer questions or solve problems, tangible assets such as offices and related infrastructure, intangible assets such as reputation and intellectual property, social media presence, professional reputation and regulatory record, and the financial capacity to enable maintaining or investing in further resources.

Botoff Consulting. “Family Governance and Compensation Report. Survey of Ultra-High Net Worth Families, Family Offices, and Family Investment Firms. Executive Summary.” 2024. uhnwinstitutelibrary.org/document/2024-family-governance-and-compensation-report-executive-summary/

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