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.

Identity and Verification (ID&V)

What is ID&V? Identity and Verification is the process of gathering information to confirm who an individual is, and that the person is not being impersonated. Evidence to be gathered can include passports, identity cards and proof of residence. These can either be collected and seen physically during the onboarding process, or gathered using digital technology, for example using an app and ‘selfie-onboarding’.


What is InsurTech? InsurTech is technology-driven innovation in the insurance industry that aims to streamline processes, enhance customer experience, and develop new insurance products.

Intergenerational Wealth Transfer

What is intergenerational wealth transfer? Intergenerational wealth transfer refers to the process of passing assets, wealth, and financial resources from one generation to the next within a family. It typically involves the transfer of assets in the form of inheritance, estate planning, gifting, or trusts, typically from older family members, such as parents or grandparents, to their children or grandchildren.

Investment Advisory

What does investment advisory mean?  Investment Advisory is the provision of personalised investment advice to clients, based on their financial goals and risk profile.

Investment Management

What is investment management? Investment management is the management and supervision of client investments to achieve optimal returns in line with the client's financial objectives and risk profile.

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