Yes, an admin user on your account can add, edit, delete and reorder your contact types within your Wealthbox settings.
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Navigate to the three dots in the upper right corner of Wealthbox
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Click on settings
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Go to “Customizations” under “Workspace”
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Click on “Contact Types” under “Workspace Customizations.”
Note: If you have a contact type associated to a contact, you will be prompted to change the type to another type before deleting it.