An educational publication · encyclopedia · data desk · directory
The financial encyclopedia for substantial wealth.
How families from $25 million to $1 billion+ invest, plan, give, govern and endure. Every subject is explained at three depths, for family members and for the professionals who serve them.
Education, never advice. No accounts, no minimums, open to every reader.
The Wealth Ladder
Complexity, not net worth, drives structure. It tends to arrive in a recognizable order. Illustrative frameworks, never plans.
The disciplines
Eighteen sections in one library, covering every discipline that substantial wealth touches.
Wealth
Managing Wealth
How complexity changes as wealth grows: the disciplines, and the wealth ladder from $10 million to $1 billion and beyond.
Invest
Investing
Allocation, risk, governance: how substantial portfolios are designed and overseen.
Invest
Public Markets
Equities, bonds, funds, and the institutional techniques: from direct indexing to collars and exchange funds.
Invest
Private Markets
Private equity, venture, credit, secondaries, and the fund mechanics behind every commitment.
Invest
Real Estate
Direct ownership, funds, exchanges, land: property as both portfolio and operating business.
Invest
Lifestyle Assets
Art, aircraft, yachts, wine, cars: passion assets owned with eyes open.
Plan
Tax
Coordination, gains, residency, reporting: the largest controllable cost, explained structurally.
Plan
Estate Planning
Transfer taxes, documents, succession: deciding who gets what, when, and how.
Plan
Trusts
From revocable basics to GRATs, dynasty trusts, and situs: the machinery of transfer and protection.
Plan
Philanthropy
DAFs, foundations, split-interest trusts, and the craft of giving well.
Plan
Insurance
Umbrella to PPLI: risk transfer for lives, homes, collections, and boards.
Plan
Risk Management
Cyber, physical, fraud, concentration, leverage: the whole-balance-sheet view of risk.
Plan
Banking & Credit
Private banking, custody, and lending against everything from portfolios to paintings.
Family
Family Office
The organizational answer to complexity: what offices do, cost, and when families build one.
Family
Family Governance
Constitutions, councils, meetings, decision rights: how families decide together.
Family
Next Generation
Raising capable inheritors: education, conversations, prenups, readiness.
Family
Global Wealth
Cross-border families, reporting regimes, residency programs, and global banking.
Family
Professionals
Building and evaluating the advisory bench, plus a directory of real organizations serving substantial wealth.
Essential reading
The pillar entries editors keep pointing back to.
Banking & Credit
Private Banking
Private banking is a bundled suite of financial services, lending, deposit management, custody, and often investment management…
7 min read Banking & Credit Securities-Based LendingSecurities-based lending allows families to borrow against the market value of an investment portfolio without selling the…
8 min read Estate Planning Estate Planning: The LandscapeEstate planning is the process of deciding who receives your assets, when and how they receive them, under what conditions and…
8 min read Estate Planning Estate and Gift TaxesEstate and gift taxes are federal transfer taxes imposed when wealth passes from one person to another, either during life (gift…
7 min read Estate Planning Business Succession PlanningBusiness succession planning addresses how a family-owned or closely held company transitions ownership and leadership to the…
8 min read
Family Office
Family Offices, Explained
A family office is a private organization (ranging from a small coordinating team to a full institutional staff) that manages the…
7 min read
Global Wealth
Global Wealth
Global wealth refers to family wealth that spans multiple countries, whether through cross-border investments, real estate in…
8 min read
Family Governance
Family Governance
Family governance is the set of structures, processes, and shared agreements that allow a family with substantial wealth to make…
8 min read Insurance Insurance for Substantial WealthInsurance for substantial wealth is the deliberate transfer of financial risk to a carrier or specialty market, structured as…
8 min read Insurance Umbrella and Excess LiabilityUmbrella and excess liability insurance sits above a family's existing home, auto, and other underlying policies, providing an…
8 min readThe tape, quietly
Delayed reference data: context for the library, not a trading screen. Full dashboard →
Equity Indices
| S&P 500 | 7,637.8 | 1.14% | |
| Nasdaq Composite | 26,418 | 1.69% | |
| Dow Jones Industrial | 51,778 | 0.61% | |
| Euro Stoxx 50 | 6,265.5 | -0.75% | |
| Nikkei 225 (Japan) | 65,019 | 1.38% | |
| ASX 200 (Australia) | 8,723.1 | -0.11% |
U.S. Treasury Curve
| U.S. Treasury 10-Year | 5.01% | 0.0100pp | |
| U.S. Treasury 2-Year | 4.74% | 0.0700pp | |
| U.S. Treasury 30-Year | 5.35% | -0.0100pp | |
| U.S. Treasury 5-Year | 4.86% | 0.0300pp |
Data deskAutomated summaries of the day's market data
NZD/USD slips 0.28% to 0.5760 on September 15 Markets · Sep/15 07:40 UTC USD/JPY rises 0.38% to 154.88 on September 15 Markets · Sep/15 07:40 UTC WTI Crude climbs 1.65% to $103.06/bbl on September 15 Markets · Sep/15 07:40 UTC Brent Crude rises 1.66% to $107.43/bbl on September 15 Markets · Sep/15 07:40 UTC ServiceNow gains 7.41% to $142.35 on September 15 Markets · Sep/15 07:40 UTCQuotes delayed 15–20+ minutes. Sources: Financial Modeling Prep; yields via FRED (official series). Bond changes are percentage points (pp).
From the wires
Real journalism from mainstream outlets. We always link to the original. All news →
Estate & Tax
A 'Disciplined Simplicity' Approach to Estate Planning ↗
WealthManagement.com · Sep/16 15:49 UTC
Estate & Tax
Estate Planning for Embryos ↗
WealthManagement.com · Sep/16 14:23 UTC
Family Offices
People Moves: $29B Choreo Hires Chief People Officer From Edelman Financial ↗
WealthManagement.com · Sep/15 18:35 UTC
Family Offices
AlphaCore Seeds Family Office Division with $5B Streamline Acquisition ↗
WealthManagement.com · Sep/15 13:00 UTC
Philanthropy
Biggest foundations barely donate enough to charity ↗
Financial Planning · Sep/15 18:23 UTC
Private Markets
Columbia Threadneedle, Hamilton Lane Partner on Public/Private Products ↗
WealthManagement.com · Sep/15 19:32 UTC
Wealth Industry
$4.3 Billion Ameriprise Team Launches RIA With Dynasty ↗
AdvisorHub · Sep/17 20:34 UTC
Mechanics you can touch
Six illustrative calculators: private-fund fees and J-curves, spending policies, estate-tax mechanics, concentrated positions, liquidity ladders and giving vehicles. Hypothetical inputs, honest assumptions, never advice.
Open the calculatorsFrom the glossary
Buffered NoteA buffered note is a type of structured note that absorbs the first defined percentage of…
Continuation FundA new fund vehicle created by a general partner to retain one or more assets beyond a…
Minimum Distribution (Foundations)The legal obligation requiring private foundations to distribute a minimum percentage of…
Sharpe RatioThe Sharpe ratio measures the return an investment delivered above a risk-free rate…
Fraudulent TransferA transfer of assets made with intent to hinder, delay, or defraud creditors, which…
Section 7520 RateThe Section 7520 rate is the IRS-published monthly interest rate used to value annuities…
Full glossary →