Redefining wealth means redefining wealth management. After all, wealth management is the management of wealth.

Redefining wealth means redefining wealth management. After all, wealth management is the management of wealth.

These days, people are embracing a holistic and multi-dimensional definition of wealth—one that includes money and other assets. We see this multi-dimensional definition of wealth mirrored back to us through the evolving wealth management industry, which is adopting a more holistic approach.

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Wealth is no longer a conversation just about money; it’s a multi-dimensional conversation, which includes money and other assets. Here are the 5 Principles of Invisible Wealth (a concept and framework for redefining wealth), and how they align with the evolving wealth management industry:

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1. Money and Investment >> Cash Flow Analysis and Public & Private Investments

2. Health and Quality of Life >> Retirement Planning and Lifestyle Resources

3. Time, Energy, and Experiences >> Administration and Concierge Services

4. Knowledge, Status, and Influence >> Peer-to-Peer Learning and Access

5. Relationship with Self and Others >> Family Wealth Governance/Transfer and Philanthropy

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