TY - JOUR T1 - The “Integration” in Integrated Wealth Management JF - The Journal of Wealth Management SP - 19 LP - 25 DO - 10.3905/jwm.2005.598419 VL - 8 IS - 3 AU - Miles C. Padgett AU - Louisa Wright Sellers Y1 - 2005/10/31 UR - https://pm-research.com/content/8/3/19.abstract N2 - Close to a decade ago, a challenge was put forth to those serving wealthy families: in the future, the best advisers to families would be those who developed a cross-disciplinary expertise that would include at least the legal, tax, accounting, investment, fiduciary, lending, and insurance fields. The authors first highlight the characteristics of the integrated wealth management adviser, suggesting that successful advisers possess a number of common characteristics, together with unique skills and competencies. They then explain how such an adviser goes about performing integrated wealth management from a practical standpoint and finally describe the team needed to implement integrated wealth management successfully over the long term. In conclusion, they note that the wealth management industry is moving in the direction of holistic wealth management, and all involved are recognizing the value of becoming more knowledgeable and a greater resource. ER -