Latest Family Office News
Thurs 23 May 2013
LATIN PRIVATE WEALTH MANAGEMENT SUMMIT, PANAMA CITY, PANAMA, 26-27 SEPTEMBER 2013
Trump Ocean Club
The Latin Private Wealth Management Summit is the premium forum bringing elite buyers and sellers together. As an invitation-only event, taking place behind closed doors, the Summit offers service providers, from single and multi-family offices in Latin America an intimate environment for a focused discussion of key new drivers shaping the private wealth industry. For further details, please click the link above.
Thurs 16 May 2013
FAMILY OFFICE AND PRIVATE WEALTH MANAGEMENT FORUM, NEWPORT, RI, USA, JULY 22-24, 2013
Hyatt Regency Newport
As part of the Private Wealth Series, the Family Office / Private Wealth Management Forum is Opal's premier conference and the preeminent event in North America for high net worth individuals and family offices from around the world. Some of the most well established and senior Family offices, Private investors, money managers, and private wealth service providers from around the globe will return to this picturesque setting for three days of engaging discussions on the latest investment trends and soft issues surrounding this generation and future generations of families. The event will take place in historic Newport, Rhode Island, which is rich in history and wealth alike.
The Private Wealth Conference will explore the challenges and opportunities associated with investing in emerging markets, alternative investments, real estate, direct energy, numerous other asset classes and will also address many of the softer issues related to the family office such as tax and regulation, asset protection, philanthropy, structuring a family office, and many more. Opal will kick off the event with its Annual Regatta Cup, in which attendees will have the opportunity to work with a professional sailing charter crew while competing against industry peers.
For further details please click the link above.
Mon 29 Apr 2013
INVESTMENT ADVISOR PACIFICOR JOINS FAMILY OFFICE SUPPLIER DIRECTORY
FamilyOfficeRecruitment.com is pleased to welcome Pacificor, LLC to our Family Office Supplier Directory. Pacificor, LLC is an SEC registered investment advisor, and works with wealthy individuals and their families as well as a variety of institutional investors. Their primary objective is to protect investors' capital while targeting above average total returns. You can read more about Pacificor by clicking the link above.
Fri 26 Apr 2013
INTERNATIONAL FOREIGN EXCHANGE SPECIALIST BAYDONHILL FX JOINS SUPPLIER DIRECTORY
FamilyOfficeRecruitment.com is pleased to welcome Baydonhill FX to our Family Office Supplier Directory, in the International Foreign Exchange category. For over twelve years, Baydonhill FX have been specialising in International Money Transfers. Their customers remain loyal because they get a safe, secure, individual service combined with the best Currency Exchange Rates available. Read more about Baydonhill FX by clicking the link above.
Wed 24 Apr 2013
WOOD GUTMANN & BOGART INSURANCE BROKERS JOIN SUPPLIER DIRECTORY
FamilyOfficeRecruitment.com is pleased to welcome Wood Gutmann & Bogart Insurance Brokers to our Family Office Supplier Directory. A leading full service insurance brokerage, based in California, the firm provide a complete range of commercial and personal insurance products and services and have been named one of Insurance Journal's Top 100 Independent Insurance Brokers. Their knowledge and experience working with high net worth individuals and families is extensive and well recognized. To read more and for contact information, please visit the Insurance section of our website.
Mon 15 Apr 2013
WHERE ARE THE GOOD RESEARCH ANALYSTS GOING?
It is virtually impossible to produce great investment results without the right research. This research needs to be thorough, insightful, and tailored to the investment objectives of your family office. If you need additional investment expertise within your firm, it is important to be aware of the trends that are shaping the industry and the factors that could impact your ability to tap into the right resources. To read the full article written by Gillian Elcock, Founder of Denny Ellison, a firm in our supplier directory, please click on the PDF below.
Adobe Acrobat document [325.0 KB]
Fri 12 Apr 2013
CHRISTOPHER BAKER STAFFING JOINS AS RECOMMENDED FAMILY OFFICE RECRUITER
Family Office Recruitment is pleased to welcome Christopher Baker Staffing as a Recommended Family Office Recruiter. This US based boutique search firm, founded by Christopher Baker, specializes in placements of household, personal and family office staff. The firm is based in Los Angeles but has made placements across the US. You can read more about Christopher Baker Staffing, including contact details on the USA section of this website.
Fri 12 Apr 2013
RECOMMENDED FAMILY OFFICE RECRUITER - EXCLUSIVE HOUSEHOLD STAFF LTD
Family Office Recruitment is pleased to announce its continued relationship with Exclusive Household Staff Ltd. EHS specialises in global recruitment of the highest calibre private domestic staff. Founded by John Pettman, one of our steering committee members, EHS covers the complete range of positions including Butlers, Private Chefs, House Managers, Estate Managers, Domestic Couples, Personal Assistants and Housekeepers.
Thurs 11 Apr 2013
MORE VERY RICH FAMILIES MAKE USE OF FAMILY CONSTITUTIONS
The number of very rich families that have written constitutions to govern decision-making has risen sharply as the aftermath of 2008’s financial crisis has highlighted the potential for family disputes over risk management strategy, according to the Stonehage Group, a fiduciary, trust and wealth management firm. Stonehage said that more than 20% of very rich families now have written frameworks in place.
Source: Family Office Review
Wed 27 Mar 2013
RECOMMENDED FAMILY OFFICE RECRUITER - SORTED Personal Management
Family Office Recruitment is pleased to announce its continued relationship with SORTED Personal Management. SORTED specialises in recruiting private staff for family offices and private homes in the UK, Europe and USA, including Private Personal Assistants. With a listing in our Lifestyle & Luxury category, SORTED also provide their clients with Lifestyle Managers who assist with concierge and basic admin requests, and have saved the day on more than one occasion.
Fri 22 Mar 2013
TEMPLARS COMMUNICATIONS JOIN FAMILY OFFICE SUPPLIER DIRECTORY
FamilyOfficeRecruitment.com is pleased to welcome Templars Communications to our Family Office Supplier Directory as a PR / Communications specialist. Templars' award winning creative PR strategies create brand awareness and enhance reputation, and with an ethos of loyalty and commitment to their clients, Templars has attracted some of the most respected family offices and businesses in the UK and abroad. Kitty Parry, CEO at Templars Communications is recognised as one of the UK’s most up and coming female entrepreneurs.
Mon 18 Mar 2013
FAMILY OFFICES REDUCE ALLOCATIONS TO CASH AND BONDS
Family Offices are flocking to equities and real estate, and are reducing their holdings in cash and bonds, according to research by Somerset Capital. The study of 51 family offices by the fund management firm found half of the respondents said they wanted to increase their investments in real estate.
Source: Campden FO
Mon 18 Mar 2013
PRIVATE WEALTH MANAGEMENT SUMMIT, ATLANTA GA, USA, JUNE 2-4, 2013
Ritz-Carlton Buckhead, Atlanta GA
The Private Wealth Summit will highlight the current challenges and opportunities through visionary conference sessions delivered by thought leaders from America's Family Offices. All this, seamlessly integrated with informal networking opportunities over two days, will provide a unique interactive forum. Do not miss the opportunity to network, establish new connections and gain knowledge. The primary objective of the Private Wealth Management Summit is to explore the key aspects and issues related to family offices as business drivers for innovation and growth. For further details, please click on the link above.
Mon 18 Mar 2013
EUROPEAN FAMILY OFFICE & PRIVATE WEALTH MANAGEMENT FORUM, GENEVA, 5-7 JUNE 2013
InterContinental Geneve, Geneva, Switzerland
Following the success of Opal Financial Group's annual Family Office / Private Wealth Management Forum in the United States, we will bring this event back to Europe in 2013. The event will be held in the charming lakeside city of Geneva, Switzerland. A part of the Private Wealth Series, this family office conference is Opal's premier event for high net worth individuals and family offices. Private investors and asset managers from around the world will visit this picturesque setting for three days of engaging discussions on the latest investment trends.
The Private Wealth Conference will explore the challenges and opportunities associated with investing in emerging markets, alternative investments, real estate, global credit & fixed income markets along with numerous other asset types. For further details, please click on the link above.
Mon 18 Mar 2013
FAMILY OFFICE & WEALTH MANAGEMENT CONFERENCE, ISRAEL, JUNE 10, 2013
Hilton Tel Aviv Hotel, Israel
DC Finance is honored to present the 4th Family Office and Wealth Management Conference, June 10th, 2013 at the Hilton Tel Aviv Hotel. This prestigious invitation-only conference provides an annual meeting place for the Israeli high net worth individuals, the wealth management and family office community. The conference covers such topics as single vs. multi-family offices, the crisis of trust, building the next generation, family business, philanthopy, investment philosophies, asset allocation models, legal and accounting issues in the life of the family, taxation strategies etc. This is a private event with no media representatives. The conference is in both English and Hebrew. Simultaneous translation services are provided. For further details, please click on the link above.
Mon 18 Mar 2013
OUTSOURCED CIO SUMMIT, MIAMI, USA, JUNE 24-25, 2013
The Ritz-Carlton South Beach, Miami, FL
Financial Research Associates' Outsourced CIO Summit is the ONLY event specifically focused on the outsourced CIO issue. You'll hear directly from investors who have gone through the process and decided to outsource, as well as from prominent providers of outsourcing services. For further details, please click on the link above.
Subscribers of Family Office Recruitment are entitled to a 10% discount. Mention FMP183 during registration to enjoy this offer.
Fri 1 Mar 2013
PATRICIA ARMSTRONG JOINS ADVISORY BOARD
FamilyOfficeRecruitment.com is pleased to welcome Patricia Armstrong to our Advisory Board. Patricia is a Managing Director and Head of Family Dynamics at Abbot Downing, an affiliate of Wells Fargo. Patricia joins other leading and experienced figures from the Family Office industry, who provide support, insight and advice to our business.
Fri 1 Mar 2013
MFOs ON STEADY PATH FOR GROWTH
The Family Office Exchange (FOX) Multi Family Office and Wealth Advisor Benchmarking study has determined that Multi-family offices are on a stable path for growth, as revenues grew by 13% from 2010 to 2011 and by 8% in 2012. The study said the dearth of "top-tier client facing talent" and high costs associated with hiring such personnel, have seen the industry rely more on the less-experienced, both in servicing and in administrative support staff, to meet client needs.
Source: Family Office Review
Fri 15 Feb 2013
GROSVENOR DIAMONDS JOIN FAMILY OFFICE SUPPLIER DIRECTORY
FamilyOfficeRecruitment.com is pleased to welcome Grosvenor Diamonds to the Family Office Supplier Directory. Grosvenor Diamonds is an independent investment diamond brokerage specialising in rare coloured diamonds. Read more about Grosvenor Diamonds by clicking this link.
Mon 28 Jan 2013
FAMILY OFFICE RECRUITMENT REPORT 2013 SPONSORED BY BARCLAYS
FamilyOfficeRecruitment.com is pleased to publish its first Family Office Recruitment Report 2013, sponsored by Barclays.
This annual global report examines the recruitment market within the family office sector, addressing the key issues family office face, the attraction of family offices for candidates, trends, skill requirements, a look at salary levels, as well as best practices and other important issues.
The report is wide ranging, with contributions from family offices and their trusted advisors, and will be of interest not only to family offices themselves, but everyone in the private wealth space, as it sheds some light on this largely hidden market.
The 54 page report can be downloaded for free, as a PDF, by clicking on the link above.
Fri 18 Jan 2013
HIGH NET WORTH INVESTORS 'PREFER BRAZIL TO CHINA'
High net worth investors are more likely to invest in Brazil in 2013 than any other foreign country, according to new research from Spectrem, a US wealth consultancy. Wealthier investors are also more inclined to invest in Canada and Australia but less inclined to turn to India.
Source: Family Office Review
Tues 15 Jan 2013
RECOMMENDED FAMILY OFFICE RECRUITER - THATCHERMACKENZIE
Family Office Recruitment is pleased to announce its continued relationship with ThatcherMacKenzie. ThatcherMacKenzie specialises in the recruitment of qualified professionals for the trust, wealth planning and family office sectors, operating from several offices, including Channel Islands, Liechtenstein, Singapore and Switzerland.
Wed 2 Jan 2013
RECOMMENDED FAMILY OFFICE RECRUITER - TIGER RECRUITMENT
Family Office Recruitment is pleased to announce its continued relationship with Tiger Recruitment Ltd. Tiger Recruitment is a leading secretarial consultancy operating in London, Dubai, Switzerland, and even further afield, with experience of working with Family Offices and Private Households in sourcing the highest calibre staff.
Thurs 13 Dec 2012
RECOMMENDED FAMILY OFFICE RECRUITER - AGREUS
Family Office Recruitment is pleased to welcome Agreus, a boutique Financial Services Advisory Search and Recruitment company as a Recommended Family Office Recruiter. Agreus caters for all family office financial based roles, and have helped a number of single and multi family offices grow their businesses. With an international focus, Agreus recruits across various regions including the UK, Switzerland, Middle East, India, and the USA.
Thurs 6 Dec 2012
A NARROW ESCAPE: SINGLE FAMILY OFFICES AVOID MORE REGULATION
US single family offices will not be required to register as commodity pool operators, according to a letter from the Commodities Future Trading Commission.
Source: Campden FO
Fri 23 Nov 2012
FAMILY OFFICES A GOOD CONDUIT FOR PHILANTHROPIC GIVING
Philanthropic giving is increasingly being considered a job for a wealthy family's family office, according to a new study by the National Center for Family Philanthropy. "Working Together for Common Purpose" is the first national research effort exploring the relationship between family offices and philanthropy. It was conducted in partnership with Family Office Exchange and sponsored by Threshold Group.
Source: Family Office Review
Fri 26 Oct 2012
JEFFER MANGELS BUTLER & MITCHELL LLP JOIN FAMILY OFFICE SUPPLIER DIRECTORY
Family Office Recruitment is pleased to announce that Jeffer Mangels Butler & Mitchell LLP have joined our Family Office Supplier Directory, in the Legal category. The Family Office Group at JMBM offers a comprehensive and unique approach to serving family offices, whether they are comprised of 1 or 150 employees, and whether they serve one or many generations. California-based, but with an affiliation of about 5,000 lawyers in over 120 cities around the globe, JMBM can handle any matter of concern to high-net-worth persons anywhere in the world.
Fri 26 Oct 2012
NEXT GENERATION WANTS A VIRTUAL FAMILY OFFICE
What do young people want nowadays? That's a loaded question. But, when it comes to this industry, next genners want a virtual family office. They and today's new wealth don't want to deal with the overhead costs associated with running a family office, or don't want to deal with human resources (and other moving parts), according to Rick Flynn of Rothstein Kass.
Source: Family Office Review
Tues 9 Oct 2012
DENNY ELLISON JOINS FAMILY OFFICE SUPPLIER DIRECTORY
Family Office Recruitment is pleased to announce that Denny Ellison have joined our Family Office Supplier Directory, in the Research category. Denny Ellison is a boutique research firm that provides bespoke equity research services to family offices and asset managers, helping clients meet their investment objectives.
Thurs 27 Sep 2012
HOW THE EUROZONE CRISIS SHATTERED THE WEALTHY ACROSS EUROPE
The population of high net worth individuals fell by up to a third in some southern European countries, while Europe as a whole saw the number of rich fall by an average 4% in the last two years, new research shows.
Source: Family Office Review
Thurs 27 Sep 2012
CHINESE UHNWs DOMINATE PHILANTHROPIC LANDSCAPE
Out of the top twenty emerging ultra high net worth philanthropists, five are Chinese, according to research from Wealth-X.
Source: Family Office Review
Tues 25 Sep 2012
US WEALTHY GET RICHER WHILE CHINESE RICH GET POORER
The latest rich lists published in the US and China show the wealthy in the Asian country have seen their fortunes drop while the super-rich in America are adding to their wealth.
Source: Campden FO
Thurs 9 Aug 2012
MULTI FAMILY OFFICES UP FOCUS ON NON-FINANCIAL SERVICES
Multi family offices are putting more weight on their non-financial offering, in a bid to lure wealthy families away from banks.
Source: Campden FO
Mon 16 Jul 2012
SECURE COMMUNICATIONS AND THE SINGLE FAMILY OFFICE
With the advent and growth of Internet based communications, it has become normal to instantaneously pass on information. If the SFO and ultra-wealthy do not secure this traffic of critical and private information, they can expose themselves to significant financial - and potentially physical - risks. The threats are all around and the wealthy are especially targeted. But it is often easy to overlook the risks and issues related to communications and the "It cannot happen to us" response is heard too frequently.
Source: Family Office Review
Mon 9 Jul 2012
THE BUILD OF YOUR OWN SUPERYACHT
Interesting article dealing with the key points when commissioning the build of a superyacht, written by Anouch Sedef, Solicitor (England & Wales), Partner at R&R Avocats, in the summer 2012 issue of Luxury Life Magazine. R&R Avocats are listed in our Family Office Supplier Directory. To read the full article, please click on the PDF below.
Adobe Acrobat document [858.0 KB]
Tues 3 Jul 2012
LATIN AMERICA: EL DORADO FOR FAMILY OFFICES?
Latin America's economies are expected to continue to soar while Europe and North America bump along the bottom, printing more money just to survive. So is Latin America El Dorado for family offices, and if so how can they get in on the action?
Source: Campden FO
Mon 2 Jul 2012
SINGLE FAMILY OFFICES MORE WORRIED ABOUT REGULATION THAN MARKET TURMOIL
Tax and regulatory issues are of greater concern to single family offices around the world than the turbulent market environment.
Source: Campden FO
Thurs 21 Jun 2012
Interesting interview around family offices with our Advisory Board member, John Elder, in the June / July 2012 issue of Chartered Banker Magazine. To read the full interview, please click on the PDF below.
Adobe Acrobat document [354.9 KB]
Mon 18 Jun 2012
LOBBYING AND THE FAMILY OFFICE
When details of the Dodd-Frank Act were first presented in 2009, many family offices in the US were concerned. So, what could the representatives of this fragmented and relatively small sector do? The answer was simple: lobby.
Source: Campden FO
Wed 13 Jun 2012
RICH HOLD 10% OF WEALTH IN TREASURE ASSETS
High net worth individuals globally hold an average of about 10% of their wealth in treasure assets, with jewellery proving most popular.
Source: Campden FO
Fri 1 Jun 2012
MASSIVE SLOWDOWN IN WEALTH GROWTH AS MARKET TURMOIL CONTINUES
The private financial wealth sector grew by just 1.9% last year compared to 6.8% in 2010, as ongoing market turmoil took its toll.
Source: Campden FO
Thurs 24 May 2012
GREEN PARK INSURANCE SERVICES JOIN FAMILY OFFICE SUPPLIER DIRECTORY
Family Office Recruitment is pleased to announce that Green Park Insurance Services have joined our Family Office Supplier Directory, in the Insurance category. GPIS is one of London's leading private client insurance brokers. Their tailored portfolios provide the most cost effective and convenient way for family offices to arrange their general insurance needs, and will often provide a single global insurer for property, motor, travel, marine and aviation. Do mention Family Office Recruitment to obtain a 20% discount on their usual fee or commission.
Wed 23 May 2012
LUXEMBOURG SEEKS TO STEAL A MARCH WITH FAMILY OFFICE REGULATION
In March, Luxembourg became the only country in all of Europe, and actually the world, with the exception of the US, to seek to implement a specific legal framework for family offices (focused solely on multi family offices). The draft bill, known as number 6366, will likely be enacted into law at the end of the second quarter.
Source: Family Office Review
Tues 22 May 2012
GULF FAMILY OFFICES BOOST INVESTMENT INTO FAMILY BUSINESSES
Single family offices based in the Gulf Cooperation Council countries are more likely to boost investment into their family business than multi family offices, according to a recent survey.
Source: Campden FO
Wed 16 May 2012
JAMES FIELD JOINS ADVISORY BOARD
Family Office Recruitment is pleased to announce that James Field has joined our Advisory Board. James has had a distinguished career in the financial services industry, and presently provides consulting services through James Field Consulting Ltd. James joins other leading and experienced figures from the Family Office industry, who provide support, insight and advice to our business.
Fri 11 May 2012
DIN CONSULTANTS JOIN FAMILY OFFICE SUPPLIER DIRECTORY
Family Office Recruitment is pleased to announce that Din Consultants has joined our Family Office Supplier Directory, in the Consultancy category. Din Consultants is a boutique business and strategic marketing consultancy, based in the UK, that assists institutions in the wealth sector and family offices innovate for growth. We are also pleased to announce that Founder & CEO, Sabila Din, has joined our Advisory Board.
Tues 8 May 2012
JERSEY & GUERNSEY STILL ON TOP
The Channel Islands duo of Jersey and Guernsey once again ranked first and second in the world of specialist international offshore finance, as measured in the latest Global Financial Centres Index. While London and New York claimed top spots again in the overall ranking, the two UK Crown dependancies scored the highest again among the offshore centers ranking.
Source: Family Office Review
Thurs 12 Apr 2012
Family Office Recruitment is pleased to announce that law firm, R&R Avocats, has joined our Family Office Supplier Directory, in the Legal category. A boutique law firm in the heart of Geneva, R&R Avocats cover general commercial advice and litigation work, as well as niche and expert practice in specific industries such as superyachts, art, sport, new media and new technologies.
Wed 11 Apr 2012
THE RISING WEALTH & MATCHING CONSUMER TRENDS OF CHINA'S HNW WEALTH SET
A new report looking at size and consumption trends of the Chinese wealth market has estimated a massive 2.7 million individuals in China are now HNW, with at least 6 million Yuan in personal assets, equivalent to approximately $950,000. Unsurprisingly, high quality goods and brand reputation rank high in importance.
Source: Family Office Review
Thurs 29 Mar 2012
How much are family offices paying their senior managers? Few seem to know, as family offices guard their confidentiality more so than most in the financial services sector. New study.
Source: Campden FO
Thurs 22 Mar 2012
CAN TECHNOLOGY HELP FAMILY OFFICES?
Technology, when used properly, can give family offices a number of competitive advantages. This article looks at how family offices are moving towards cloud computing, outsourcing and customised software.
Source: Campden FO
Fri 16 Mar 2012
PRIVATE EQUITY PROVES POPULAR WITH FAMILY OFFICES, RESEARCH
Family Offices are sitting on large cash reserves and now want to use it to increase their investments in private equity, attracted by good returns and high transparency.
Source: Campden FO
Fri 9 Mar 2012
DEVELOPMENTS IN THE SECRETARIAL RECRUITMENT MARKET
Interesting newsletter from one of our Recommended Family Office Recruiters, Tiger Recruitment, regarding developments in the secretarial recruitment market, including salary changes and expected candidate flow throughout 2012.
Source: Tiger Recruitment Ltd.
Tues 6 Mar 2012
SO YOU WANT TO WORK FOR A FAMILY OFFICE?
It's true that the term family office is still one that is not easy to define - or known to many outside of the industry. But, in recent times, family offices have become a popular place to work. Yet, the transition may not be so easy - or right - for everyone. For people seeking to transition out of a large institution, it's quite possible it's just not in their DNA.
Source: Family Office Review
Tues 28 Feb 2012
CHARTERING A SUPERYACHT: THE ULTIMATE LUXURY HOLIDAY
There is simply no better way to experience sheer luxury and absolute freedom in some of the most stunning destinations on earth than onboard a private motor / sailing yacht.
Source: R&R Avocats
Thurs 23 Feb 2012
ASIA-PACIFIC FAMILY OFFICES COME OF AGE
The last 20 years have seen unprecedented growth in wealth in Asia-Pacific, fuelled by strong economic expansion, buoyant capital markets and liberalisation. But despite the rise in the number of wealthy, the region's family office sector hasn't grown at a similar rate.
Source: Campden FO
Wed 15 Feb 2012
INDIA ATTRACTS FAMILY OFFICE INVESTMENTS
Investment opportunities are increasing in India, as the country's "consuming middle class" is growing rapidly, according to a family office manager.
Source: Campden FO
Tues 14 Feb 2012
HUGE INCREASE IN UK VISAS ISSUED TO WEALTHY
The UK is proving popular with global millionaires, with new figures showing there has been a six-fold increase in the number of wealthy individuals getting investor visas in Britain.
Source: Campden FO
Mon 13 Feb 2012
GIVING BY US FAMILY FOUNDATIONS STILL AT PRE-RECESSION LEVELS
American family foundations granted an additional 1.1% to causes in 2010, but the total given still lagged behind pre-recession levels, according to a study.
Source: Campden FO
Thurs 9 Feb 2012
NEW MARITIME CONVENTION AFFECTING SUPERYACHTS
The Maritime Labour Convention 2006 sets out new standards and requirements regarding the living and employment conditions of seafarers onboard vessels. This imposes an additional liability on shipowners with regard to safety, employment and management of seafarers onboard vessels. The effect on superyachts is also significant and should be taken into account by superyacht owners, clients contemplating building a yacht, purchasing a yacht with crew and existing charter, hiring crew whether directly or through a crew agency and appointing a yacht manager.
Source: R&R Avocats, Anouch Sedef and Superyachttimes.com
Mon 6 Feb 2012
WEALTHY LESS CONFIDENT ABOUT THE FUTURE, STUDY
High net worth individuals around the world feel less confident about their ability to increase their wealth and, as a result, will be less willing to spend money in the near future.
Source: Campden FO
Wed 1 Feb 2012
WEALTHY WOMEN NEGLECTING INHERITANCE PLANNING
High net worth women are concerned about their family's financial security, but many are still failing to take steps to ensure their wealth passes on to the next generation.
Source: Campden FO
Fri 27 Jan 2012
According to a new recent study by Rothstein and Kass, there's been an upward swing in single family offices using concierge healthcare providers of late, with significant growth still to come. That's round-the-clock seven-days-a-week top quality physicians on hand to assist with any medical-related issues, bar none. According to the survey, roughly three quarters of SFOs said they need to ensure that they have the top quality healthcare while traveling abroad; and this is a main motivating factor to employ the use of a healthcare concierge provider.
Source: Family Office Review
Thurs 26 Jan 2012
SEC PUBLISHES FAQS ON FAMILY OFFICE RULE
The US Securities and Exchange Commission has published a list of questions and answers to help family offices understand if and how they could be affected by the Dodd-Frank Act.
Source: Campden FO
Fri 20 Jan 2012
LONG-TERM APPROACH PAID OFF FOR FAMILY OFFICES DURING RECESSION
Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.
Source: Campden FO
Thurs 19 Jan 2012
INDIAN HNWS LOOK BEYOND FAMILY TO ENSURE WEALTH PRESERVATION
Indian high net worth individuals (HNWIs) and business leaders are increasingly looking beyond their families, with only 15% choosing to retain leadership within the family for "grooming the next rung of leaders", a study by Barclays Wealth suggests. The study showed that while these HNWIs retain financial ownership of the business, nearly 70% of respondents prefer hiring independent professional managers to undertake all or most of the management work. Respondents rated decision making abilities as the top most trait associated with quality leadership, with planning and execution coming a close second.
Source: Family Office Review
Thurs 5 Jan 2012
FAMILY OFFICES INCREASINGLY OFFERING SECURITY SERVICES, RESEARCH
Single family offices are increasingly offering security services as a globalised economy, technological advancements and the emergence of social media add to the challenges the ultra-wealthy face, according to a family office expert.
Source: Campden FO
Tues 3 Jan 2012
FAMILY OFFICES TO JOIN FORCES AND INCREASE TRANSPARENCY
Family offices increasingly diversified their investment strategies in 2011 and this focus on reducing risk is likely to continue this year, with more emphasis being placed on greater collaboration between offices in a bid to reduce exposure and open up new opportunities.
Source: Campden FO
Fri 30 Dec 2011
SWISS PROPERTY STILL POPULAR WITH WEALTHY EUROPEAN BUYERS
Wealthy Europeans are still flocking to Switzerland, despite difficulties accessing the country's property market and the strength of the Swiss franc, according to Alpine Homes.
Source: Campden FO
Mon 26 Dec 2011
FAMILY OFFICES NEED A LONG-TERM INVESTMENT OUTLOOK
Traditional investment strategies favoured by most private investors are likely to be far less relevant to family offices, according to a prominent investment manager.
Source: Campden FO
Mon 19 Dec 2011
MULTI FAMILY OFFICE - WHAT'S IN A NAME?
As defined mid-year in 2011 under the US Securities and Exchange Commission, a 'family office' is an entity "established by wealthy families to manage their wealth and provide other services to family members, such as tax and estate planning services". But why is there so much debate in the industry around what a Multi Family Office is, and more consensus around what a Single Family Office is? This is because MFOs run the gamut in size, scope of services, whether they are owned by banks, independent shops; and so there's a like to unlike comparison which is cause for consternation for some.
Source: Family Office Review
Fri 16 Dec 2011
ANOTHER US HEDGE FUND TO CONVERT TO FAMILY OFFICE
Henry Swieca is reportedly planning to turn his $500 million hedge fund Talpion Fund Management into a family office because of new Securities and Exchange Commission regulations in the US.
Source: Campden FO
Thurs 15 Dec 2011
INDIA'S HNW WEALTH GROWS FASTER THAN GLOBAL WEALTH
The amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally. That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth.
Source: Campden FO
Thurs 15 Dec 2011
RECOMMENDED FAMILY OFFICE RECRUITER - LJW RECRUITMENT - UNITED KINGDOM
Family Office Recruitment is pleased to announce that LJW Recruitment has joined us to become a recommended family office recruiter. LJW Recruitment specialises in recruiting quality domestic staff and management for private estates, homes and family offices for the UK, Europe, Russia, Middle East and USA.
Tues 13 Dec 2011
WOMEN MAKE PHILANTHROPIC DECISIONS
In nearly 90% of high net worth households, women are either the sole decision maker or an equal partner in decisions about charitable giving, according to the Bank of America Merrill Lynch 2011 Study of High Net Worth Women's Philanthropy. The power and influence of women in philanthropy may mean that some charitable organisations will need to adapt their messaging and strategies to appeal to women's distinct charitable giving behaviours and motivations, says the bank.
Source: Family Office Review
Wed 7 Dec 2011
LATAM FAMILIES BECOMING MORE GOAL-ORIENTED
Latin American families are becoming more goal-oriented. There is a greater depth of understanding in the value of continuity; transcending simply execution on investments towards sustainability. But, the main, underlying theme is globalization as the gateway.
Source: Family Office Review
Mon 5 Dec 2011
INVESTMENTS IN HEDGE FUNDS FALL, BUT GOLD PROVES POPULAR
The wealthy have significantly reduced their investments in hedge funds over the past six months and they intend to further decrease them in the future, says a new study.
Source: Campden FO
Fri 2 Dec 2011
FAMILY OFFICES NEED TO PLAN FOR FATCA
Family offices, particularly those in Asia, need to be active and contact their financial institutions about the new US Foreign Account Tax Compliance Act, according to a leading tax lawyer.
Source: Campden FO
Fri 25 Nov 2011
STONEHAGE OPENS OFFICE IN LUXEMBOURG
Stonehage, the Jersey-based multi family office, is opening a new branch in Luxembourg, which will be headed by family office expert Eric Osch.
Source: Campden FO
Wed 23 Nov 2011
LONDON TOP EUROPEAN CITY FOR UHNWS
London is the European city with the highest number of ultra-high net worth individuals, says a new study.
Source: Campden FO
Tues 22 Nov 2011
RISK IS TOP CONCERN FOR FAMILY OFFICES
Risk management is of top priority for family offices in Europe, as they look to make the best of the uncertain global market environment, finds a new report by Campden Research.
Source: Campden FO
Thurs 17 Nov 2011
FAMILY OFFICE RECRUITMENT IN THE MEDIA
Online portal for family office jobs launched - A new online platform, targeting global family offices looking to recruit candidates, and professionals looking for jobs in the sector, has been launched.
Source: Campden FO
Tues 15 Nov 2011
There is something in the old adage about buying a yacht - the best thing about acquiring a boat is buying it, the second best thing is selling it. Rashmi Kumar finds out about the jaw-dropping amounts needed to run a superyacht.
Source: Campden FO
Thurs 10 Nov 2011
ULTRA-HIGH NET WORTH POPULATION NUMBERS 185,000
The world's wealth is shifting quickly from west to east, with Asia-Pacific expected to be home to the largest concentration of ultra-high net worth individuals by 2032.
Source: Campden FO
Thurs 10 Nov 2011
Fleming Family & Partners is backed by one of the UK's most venerable finance dynasties. But that isn't a guarantee of future success. David Bain reports on how one of Europe's biggest family offices is now faring after a couple of tricky years.
Source: Campden FO
Thurs 10 Nov 2011
Family offices in the US are under regulatory scrutiny like never before. Paul Golden reports on the effects tougher scrutiny will have on family offices worldwide.
Source: Campden FO
Tues 1 Nov 2011
WELLS FARGO STARTS FAMILY OFFICE
Wells Fargo, the fourth-biggest American bank by assets, has started a new family office, targeting individuals with $50 million or more.
Source: Campden FO
Thurs 20 Oct 2011
GLOBAL WEALTH RISES BY $20 TRILLION
Western countries are still home to the world's wealthiest people, but developing nations are quickly catching them up.
Source: Campden FO
Thurs 13 Oct 2011
ASIA-PACIFIC'S HNW POPULATION NOW THE SECOND LARGEST IN THE WORLD, REPORT
The number of high net worth individuals in the Asia-Pacific region has surpassed Europe and is now the second largest in the world, new research has found.
Source: Campden FO
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