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