Comprehensive services

« Back to Glossary Index
A broad range of offerings by a professional or firm that addresses many if not all areas of client needs.

“Comprehensive services” is a wealth management term that is frequently used but rarely defined in an objective manner. There are currently no accepted standards for what constitutes services that are comprehensive. 

The term is typically used to denote the ability to deliver multiple services either in a few core domains within the expertise of a firm or, used more accurately, services in multiple domains that serve most of the financial and nonfinancial needs of the family. A common listing of comprehensive services may include investment management, advanced financial or estate planning, tax planning and compliance, family governance, risk management, and household financial management among other services. Comprehensive services may refer to the breadth or number of services available but nothing about whether those services are delivered in any skillful or integrated manner.

See Also: Holistic services

Soldano, Pat, and Jan Vega. “Family Office and Wealth Management Industry Trends.” Investments and Wealth Monitor. July/August (2017): 5-8

Want to Contribute to the Wealthesaurus?

  • Check that the term (or a synonym) is not in the Wealthesaurus already
  • Email a description of your suggested term, a one- or two-sentence draft of its proposed definition, and a brief explanation of its usage or background (300 word maximum) to librarian@uhnwinstitute.org
  • The term will be reviewed for inclusion by the UHNW Institute Resource Librarian and staff of the Institute. You will be notified once a decision has been made.

If you wish to cite the Wealthesaurus in Institute or external resources, use the following format:

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

Remember that the Wealthesaurus is only currently available to Institute members, so the public will not be able to look at the source citation. Eventually if the Wealthesaurus is publicly available on the web, others may be able to use the glossary.

Welcome to the Wealthesaurus*

A Glossary of Family Wealth Advising Terms

*pronounced: well-thuh-SAWR’-uhs

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.

How to Use the Wealthesaurus

  • Browse terms by first letter in the alphabet menu or by scrolling down the list. You may also enter a term in the search box to see if it is present.
  • Click on a term to see its definition along with an explanation of its usage and an audio sample of its pronunciation.
  • Click on any highlighted links you find to get more information or see related terms.
  • Return to the main index page by clicking the Wealthesaurus logo or “Back to Glossary Index.” Click “all” in the alphabet to get back to the full menu.
For more information on general topics related to finance, law, or investments, see also:
 

info@uhnwinstitute.org

929.406.0805

© The UHNW Institute 2024

Twitter Linkedin
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