Wealth Management Thought Leadership Is for Foxes

Abstract

Wealth management has evolved over the past 25 years into a stand-alone professional discipline with a growing body of thought leadership. This has spawned a new generation of thought leaders—foxes—who have the ability to fuse knowledge from multiple legal, financial, economic, and social science disciplines. Thinking like a fox yields helpful wealth management insights that take a multi-disciplinary approach to wealth management. The author discusses how those insights have guided his development as a professional and, at his firm, led to the development of a Goals Based Wealth Management approach to help clients maximize multi-generational wealth as well as the innovative work to establish a taxonomy for four types of mission aligned investments. But what might impact wealth management next, and what innovation thought leadership might result? Three relevant trends for the practice of wealth management could be an aging world demographic, the retreat from post-Cold War globalism, and a growth in interest in mission aligned investing.