Wealth Creation and Stewardship cluster

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One of the two clusters of domains in the Ten Domains of Family Wealth model of The UHNW Institute. The four component domains in this cluster include the following:

 

The Wealth Creation and Stewardship cluster encompasses the domains often associated with more traditional or technical aspects of family office services. These focus on the core areas related to the family’s wealth, business ventures, wealth transfer, tax planning, charitable giving, insurance, and risk management.  For many advisory firms, service delivery in these areas represents, to a greater or lesser extent, the fundamental areas of wealth management or family office services.

The domains in the Wealth Creation and Stewardship cluster are increasingly seen as only part of the picture for what is needed by an UHNW family.  The nonfinancial needs and activities of the family are increasingly recognized as crucial for truly integrated family wealth management. These nonfinancial needs are defined within the Cultivation of Family Capital cluster in the Ten Domains of Family Wealth model.

See Also: Cultivation of Family Capital cluster, The Ten Domains of Family Wealth

The UHNW Institute. Our Thinking, December 15, 2022.  https://www.uhnwinstitute.org/our-thinking/

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A Glossary of Family Wealth Advising Terms

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