PT  - JOURNAL ARTICLE
AU  - Charles A Lowenhaupt
TI  - The Institute for Wealth Management Standards and the Case for Private Wealth Management Standards
AID  - 10.3905/jwm.2010.12.4.009
DP  - 2010 Jan 31
TA  - The Journal of Wealth Management
PG  - 9--11
VI  - 12
IP  - 4
4099  - https://pm-research.com/content/12/4/9.short
4100  - https://pm-research.com/content/12/4/9.full
AB  - Around the world, a growing number of wealthholders and industry professionals are recognizing that standards for private wealth management are essential for preserving significant wealth and ensuring the well-being of families. Standards are critical for rebuilding the trust that has been destroyed by the financial chicanery of the past two years. By imposing a disciplined process and objective measurement through principles-based standards, private wealthholders can define what is and is not acceptable. For wealth management professionals, the adoption of standards will allow the industry to achieve its key objective—deepening relationships and taking care of individuals and families.TOPICS: Wealth management, legal/regulatory/public policy