Engaging the Next Generation in Family Offices: Challenges and Solutions

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The next generation in family offices faces several challenges. It includes defining future roles, leadership and skill development, navigating family dynamics, communicating between generations, and investment strategy. It is important to give them a voice and engage them in the decision-making and promote inclusivity. This engagement is through clear communication, learning and development opportunities. Advisors … Read more

Navigating Investment Challenges: How Family Offices are Adapting in 2023

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Inflation remains a top concern, prompting family offices to seek assets that benefit from it. Market volatility leads to a cautious approach, with many waiting for lower valuations before taking risks. Private equity investments are the preferred choice, with many seeking direct investment opportunities. In the wake of the tumultuous events of 2022, including market … Read more

The Remarkable Diversity of Family Office Services

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A banker in a suit providing family office services

The range of family office services can be incredibly broad. At its core, a family office is a specialized wealth management firm that provides financial services to a single family or a small group of families. These services are designed to help high net worth individuals and families manage and grow their wealth over the … Read more

Is an Outsourced Family Office Easy to Do?

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The decisions you make at the outset will define your family office for years to come. Outsourcing is a common practice for businesses and organizations of all sizes, and family offices are no exception. With the many demands placed on a family office, it can be tempting to consider an outsourced family office with certain … Read more

5 Tips for Setting Up a Successful Family Office

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Thinking of setting up your own family office? Setting one up can be a complex and time-consuming process. But it can also be hugely rewarding, helping to protect and grow your family’s wealth for future generations. Here are four tips to keep in mind as you embark on this journey. 1. Define your goals Before … Read more

The Role of Technology in A Family Office

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Evolving Technology in a Family Office The wealth and affairs of ultra high net worths (UHNW) are becoming increasingly complex, and the use of technology in the family office industry will continue to grow. Faster communication, better and more detailed reporting are some of the driving forces. So too are both the non-financial and financial … Read more

What is a Family Office and Why is it Becoming More Popular?

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What is a Family Office? A family office is a private firm that provides financial, investment, and other services to a single wealthy family. These firms have a long history. As wealth grew in England in the 19th century, the aristocracy began using private secretaries to manage their growing estates. The first formal family offices … Read more

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