TY - JOUR T1 - The Institute for Wealth Management Standards and the Case for Private Wealth Management Standards JF - The Journal of Wealth Management SP - 9 LP - 11 DO - 10.3905/jwm.2010.12.4.009 VL - 12 IS - 4 AU - Charles A Lowenhaupt Y1 - 2010/01/31 UR - https://pm-research.com/content/12/4/9.abstract N2 - 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 ER -