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.

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/

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:
 

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© The UHNW Institute 2024

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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