Glossaire
The vocabulary of substantial wealth — 16 termes, chacun avec sa propre page : ce qu'il signifie, pourquoi il est important, et où il peut faire mal.
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Banque & AssuranceFamille & GouvernancePhilanthropieMarchés privésMarchés publicsFiscalitéTrusts & Successions
MFN
Most Favored Nation Clause
A Most Favored Nation clause is a contractual right that entitles an investor to…
QSBS
Qualified Small Business Stock
Stock in a qualifying C-corporation that, if held long enough and meeting specific…
CRUT
Charitable Remainder Unitrust
A Charitable Remainder Unitrust, a CRT variant that pays beneficiaries a fixed…
SBLOC
Securities-Based Line of Credit
A securities-based line of credit (SBLOC) is a revolving loan extended by a lender…
GP
General Partner
The managing entity of a private fund — typically abbreviated GP — that makes…
IPS
Investment Policy Statement
An investment policy statement is a written document that establishes a portfolio's…
C2
Consolidated Reporting
Consolidated reporting assembles data from all of a family's accounts, custodians, funds, and properties into a single unified view of total wealth…
Famille & Gouvernance
Custodian
A custodian is a financial institution that holds a client's assets for safekeeping, settles trades, and maintains official records of ownership.
Famille & Gouvernance
F5
Family Assembly
A formal, recurring gathering of all family members—across branches and generations—convened to discuss shared values, wealth matters, and collective…
Famille & Gouvernance
Family Bank
An internal lending structure through which a family provides loans to members for business ventures, education, or other purposes under formally…
Famille & Gouvernance
Family Constitution
A family constitution is a written document that articulates a family's shared values, governance structures, decision-making rules, and expectations…
Famille & Gouvernance
Family Council
A family council is a representative governing body composed of family members that provides a forum for collective decision-making, communication…
Famille & Gouvernance
Family Office
A family office is an organization — or coordinated set of services — dedicated to managing the financial, administrative, and sometimes personal…
Famille & Gouvernance
H1
I2
Investment Committee
A formal body of individuals — family members, advisors, or both — given defined authority to make or oversee investment decisions on behalf of a…
Famille & Gouvernance
Investment Policy Statement IPS
An investment policy statement is a written document that establishes a portfolio's objectives, risk parameters, asset allocation guidelines, and…
Famille & Gouvernance
M1
O1
S3
Shirtsleeves to Shirtsleeves
A piece of multigenerational folklore warning that family wealth created in one generation is often dissipated by the third, expressed in similar…
Famille & Gouvernance
Single-Family Office SFO
A single-family office is a private organization owned and operated by one family solely to manage that family's wealth, affairs, and legacy.
Famille & Gouvernance
Stewardship
The philosophy that current holders of family wealth are caretakers of resources intended to benefit future generations, not simply owners free to…
Famille & Gouvernance
V1