Glossary Terms

This glossary serves as a trusted resource for navigating the specialised language of the family office sector. Designed for professionals, advisors, and those new to the field, it provides clear and concise definitions of essential concepts such as wealth management, estate planning, and governance. Why does this matter? A solid grasp of industry terminology is key to effective communication and decision-making within the complex ecosystem of family offices. Use this resource to enhance your understanding and ensure clarity in the language that underpins family office success.

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A planned approach to charitable giving, aligning philanthropic efforts with personal values and societal needs for greater impact.

Related terms: charitable giving, donor-advised fund, impact investing, philanthropic foundation, strategic asset allocation

A long-term investment strategy that sets target allocations for various asset classes and periodically rebalances the portfolio back to those targets.

Related terms: asset allocation, diversification, investment strategy, tactical asset allocation, risk management

An Ultra-High-Net-Worth Individual (UHNWI) is a person with investable assets exceeding $30 million, requiring bespoke financial, legal, and lifestyle management services, often through family offices.

Related terms: accredited investor, alternative investments, asset allocation, family office, wealth preservation

Analyzing financial situations from a tax perspective to minimize tax liability and maximize efficiency.

Related terms: tax planning, estate planning, charitable giving, succession planning, wealth structuring

An active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing anomalies.

Related terms: tactical asset allocation, asset allocation, investment strategy, diversification, risk management

An investment approach that considers environmental, social, and governance factors in addition to financial returns.

Related terms: esg (environmental, social, and governance), impact investing, sustainable investing, divestment, corporate governance

Financing provided to startups and small businesses with long-term growth potential by investors in exchange for equity.

Related terms: accredited investor, due diligence, venture capital, private equity, liquidity

A technology-oriented family office that outsources many of its functions.

Related terms: virtual family office, family office, family governance, asset management, wealth preservation

Strategies aimed at protecting existing wealth from erosion due to taxes, inflation, or market risks.

Related terms: accredited investor, alternative investments, capital preservation, estate planning, wealth structuring

Designing financial and legal frameworks to manage, protect, and transfer wealth efficiently.

Related terms: accredited investor, alternative investments, estate planning, family office, wealth preservation

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