Sep 10, 2026 · 50 min · 11 segments
**Summary** In this episode, Russ Haworth chats with Jim Grubman and Tom McCullough about the evolution of integrated family wealth advice and the role of the Ten Domains model in reshaping how…
Jim GrubmanGuestRuss HaworthHostAnd I remember back to one of the very early podcasts that we did for this show where Jim and I discussed the 10 domains.
So if people want to go back and listen to that very first episode talking about the 10 domains, we'll link that in the show notes as well.
But Jim, for those listeners who are perhaps, again, new to the work of the Institute or new to discovering the podcast, in terms of that original 10 domains model.
Why was it created in the first? You mentioned that the focus on sort of family needs as opposed to the services that organizations offer.
But could you give us a little bit more information on the kind of why it was created in the first place.
And then from that, has it achieved what you would have originally hoped that it would achieve looking back now, six, seven years since that was first came into fruition?
And I think it's because of some of the clean sheet ideas and original thinking that the working group in the Institute brought to the project.
By focusing on the needs of the family, for the very first time, it was, as we have often said, agnostic of the service side.
That it was completely independent of whichever firm or set of advisors the family is working with.
What are they going to need? And not only at any given point in time, what does the family need over its long lifetimes and generations? Because some domains come up at certain times and then might fade away in the background.
So because we were a group of very senior advisors, we really had this long-term developmental perspective.
And we also approached it from an information sciences standpoint, which is as a taxonomy, a hierarchy of what are lower level things, what are higher things, and what are top level areas that define those needs.
And in the end, we boiled things down and distilled them to nine content domains.
And I remember back to one of the very early podcasts that we did for this show where Jim and I discussed the 10 domains.
So if people want to go back and listen to that very first episode talking about the 10 domains, we'll link that in the show notes as well.
But Jim, for those listeners who are perhaps, again, new to the work of the Institute or new to discovering the podcast, in terms of that original 10 domains model.
Why was it created in the first? You mentioned that the focus on sort of family needs as opposed to the services that organizations offer.
But could you give us a little bit more information on the kind of why it was created in the first place.
And then from that, has it achieved what you would have originally hoped that it would achieve looking back now, six, seven years since that was first came into fruition?
And I think it's because of some of the clean sheet ideas and original thinking that the working group in the Institute brought to the project.
By focusing on the needs of the family, for the very first time, it was, as we have often said, agnostic of the service side.
That it was completely independent of whichever firm or set of advisors the family is working with.
What are they going to need? And not only at any given point in time, what does the family need over its long lifetimes and generations? Because some domains come up at certain times and then might fade away in the background.
So because we were a group of very senior advisors, we really had this long-term developmental perspective.
And we also approached it from an information sciences standpoint, which is as a taxonomy, a hierarchy of what are lower level things, what are higher things, and what are top level areas that define those needs.
And in the end, we boiled things down and distilled them to nine content domains.
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