Leonardo

Lord High Wizard

One of the least commonly encountered, the position of Lord High Wizard serves two purposes. First and foremost, it allows the Lord to have access to powerful magical spells. Perhaps more importantly, however, it shows the wealth and power of the lord. After all, keeping a wizard on your staff is an expensive practice. Such advisors are known for their ability to drain large amounts of revenue to fund their experiments, spell casting, and research. Since only the wealthiest (and therefore most powerful) of lords can afford such a burden, any court with a Lord High Wizard is highly respected.
While the court of a king or emperor is certain to have a very powerful Lord High Wizard, lesser estates may have only a token spell caster. Of course, since the average non-wizard does not understand the importance of various spells, a flashy spell of minimal power will often be perceived by the lord as more valuable than a more powerful spell which is less impressive in practice.