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Well that's one good way to look at it.
How does one measure wisdom that comes from age? Great question. Which brings me to my finalization that one can't. (in my opinion)
The structure of the of an IQ test has little to do with wisdom, religion, politics, art, music etc.
I'm with you on your first sentence. Your 2nd sentence is quite obvious. (no point intended) So do you suggest a broadening of the aspects?
For there to be intelligence tests created for their full potential, we would have to define intelligence. Unfortunately, that hasn't happened and there are many opinions about the types of intelligence that exist.