The organization has been launched to raise standards of thought leadership for the industry and to drive debate around best practices. It asserts clients are confused and will explore what clients actually want, contending that their views aren’t always given the attention they deserve.

The website of the UHNW Institute, the not-for-profit organization launched last month, has now been launched and can be found at www.uhnwinstitute.org

At the same time, Tom Burroughes, group editor of Family Wealth Report and sister news services WealthBriefing and WealthBriefingAsia, has joined the Institute's editorial board. 

Family Wealth Report will partner closely with the Institute, publishing its educational content on an exclusive basis.

The Institute has assembled industry veterans, thought leaders and senior operating executives from every business model in the industry. These individuals have decades of experience advising UHNW families and family offices and consulting to financial services firms and their senior executives. They will be supported by an editorial board and faculty, made up of experts in the wealth management space.

“Our goal is to support best practices, professional development and positive change in the wealth management industry,” Steve Prostano, a founding member of The UHNW Institute, told FWR.

“This initiative shows our team’s dedication to the advancement of the wealth management industry and the clients we serve.”

At a time when the sector expects to handle a $30 trillion transfer of wealth from the Baby Boomer generation, and with technology, regulation and new business models challenging traditional approaches, Prostano argues the industry needs more support than it is currently receiving.

Family Wealth Report, which covers multi- and single-family offices, private banks, a variety of other wealth management firms and private client professionals in the HNW and UHW spaces, is pleased to support The Institute. As a publication with its own program of conferences and which regularly publishes features and analyses of the sector, FWR considers this partnership an ideal fit.