Wealth Management Terms

Wealth Management and WealthTech is a constantly changing landscape. It can be hard to keep up. Our handy glossary has been designed to help you get to grips with some of the words and terms you might come across – with short, straight-forward definitions. We hope you find it useful.

Family Office

What is a family office? A family office is an organisation which provides comprehensive wealth management and financial services to high net-worth families.

Financial Planning

What is financial planning? Financial planning is the process of evaluating a client's financial situation, goals, and risk tolerance to create a comprehensive plan for achieving financial objectives, including retirement planning, tax planning, estate planning, and more.

Financial Technology (FinTech)

What is FinTech? FinTech is the innovative use of technology to provide financial services and improve the efficiency of financial processes.

Front Office

What is the front office?  In the wealth management industry, front-office employees are typically those professionals that are client-facing and have a working relationship with clients on a daily basis. Typically, these are sales functions, advisors, relationship managers, private bankers, their support staff and personal assistants; as well as order and execution desks. Typically, wealth management firms refer to the teams responsible for supporting client management as front office, middle office, and back office.

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