Family Office News

Fri 19 Feb 2021 - We are delighted to welcome Confidant Consulting to the Global Family Office Community, as a provider of Human Resources services. For many years we have been seeking a partner who can help family offices with their HR, typically a resource which doesn't exist in many Single Family Offices, and therefore we are very pleased to integrate them into the community as our exclusive partner for this category. 

Thurs 11 Feb 2021 - Agreus Group have shared a template guide for 'Interview Questions to ask you next Family Office hire'.

Family Office Interview Questions

Fri 5 Feb 2021 - BDO have produced a thought leadership report providing a forensic understanding of sentiment amongst the global private client community, covering a tumultuous year on a global scale. The report provides insights on four key pillars of Transparency, Relocation, Family and Generational Wealth, Adviser of the Future.

Click here to download the full report

Mon 1 Feb 2021 - Agreus explore the early and projected impact that the Biden Administration and the Coronavirus pandemic is set to have on Family Offices in 2021 and explain why they think it will be the year of social mobility and outside expertise.

Wed 27 Jan 2021 - The Regulatory Team at KENDRIS outline key considerations of the EU DAC6 Directive on mandatory exchange of information in relation to reportable cross-border arrangements.

See the video here

Tues 19 Jan 2021 - INEOS donates £100 Million to create new Oxford University Institute to fight Antimicrobial Resistance, tackling the great healthcare challenge of resistance to existing antibiotics. INEOS is led by Chairman, Sir Jim Ratcliffe, and the donation is one of the largest ever given to a UK university, reflecting the company's philanthropic commitment in the public health space.

Source: INEOS

Wed 13 Jan 2021 - Sir David Barclay, the co-owner of the Daily Telegraph newspaper, has died at the age of 86. Sir David, together with his twin brother Sir Frederick, built up a business empire spanning hotels, retail and media. The Barclay brothers had an estimated wealth of £7bn according to the 2020 Sunday Times Rich List, and most famously owned the Ritz Hotel in London, which they sold in March last year.

Source: BBC News

Fri 18 Dec 2020 - Agreus Group have produced a white paper in which they have interviewed four Family Office leaders from three generations, providing insight into their intergenerational learnings.

Download the white paper here

Fri 18 Dec 2020 - Botoff Consulting have published the results of their Family Office Pulse survey. US-based Single Family Offices have shared how the current environment impacts their annual and year-end compensation planning decisions.

Read the report

Wed 16 Dec 2020 - The latest edition of 'Individual Matters', authored by BDB Pitmans' award-winning private wealth team, covers a range of pertinent topics including protected trusts, creating a family investment company, the witnessing of wills by video and making a lasting power of attorney.

Download your copy here

Mon 14 Dec 2020 - Kirby Rosplock, Founder / Principal of Tamarind Partners, Inc. has recently released the 2nd edition of her book, The Complete Family Office Handbook. As friends, GFOC has secured a 25% discount for our readers in both print and e-Book formats. Follow this link, select your country, and enter our special discount code, GFC25.

Wed 9 Dec 2020 - Continuing almost two decades of tradition, Saxo's experts have made 10 Outrageous Predictions for the year ahead. Their consensus-smashing forecasts would send shockwaves through the markets, if they come to pass. So will they prove pure fantasy or visions of reality?

Saxo Bank's Outrageous Predictions

Tues 24 Nov 2020 - Stanhope Capital Group and FWM Holdings announce merger to create one of the largest independent global wealth management and advisory firms, overseeing USD 24.2 billion in client assets with 135 employees operating in six offices worldwide.

Read more on this story.

Wed 18 Nov 2020 - Passion, Integrity, Trust. Ronel Lehmann, Founder and Chief Executive of Finito is interviewed by The Sandro Forte Podcast discussing what attributes make a person successful, particularly in the current job market.

Hear the Podcast

Thurs 5 Nov 2020 - We are very pleased to announce that Schillings have joined the Global Family Office Community's approved partner network. Schillings is the only business in the world to deploy - under one roof - intelligence experts, investigators, cyber specialists, risk consultants, lawyers, and top people from the military, banking and government. By operating as one team, they shorten the time it takes to solve a reputation problem or privacy threat.

Read more about Schillings

Thurs 29 Oct 2020 - A step-by-step guide to get started on your Climate Action Plan. The team at Maanch share a recent article, including best practices, and ways to avoid greenwashing.

Thurs 15 Oct 2020 - Keep up-to-date with macro insights, tax updates, and more on the GFOC Knowledge Centre.

Wed 14 Oct 2020 - BDB Pitmans, the legal firm bringing together over 300 years of experience has joined our community. They act regularly for high net worth individuals, family estates, trusts and offices, entrepreneurs, philanthropists, individuals seeking employment law advice or looking to buy or sell land and property.

Read more about BDB Pitmans

Thurs 1 Oct 2020 - Finito, the employability specialists, members of Global Family Office Community, have released the second edition of their magazine, Finito World, featuring Bill Gates and David Attenborough.

You can download a digital copy here

Mon 28 Sep 2020 - Sandaire is to be acquired by Schroders. Subject to regulatory approval, Sandaire will merge with Schroders' UK Wealth Management business Cazenove Capital.

Read more on this story

Wed 2 Sept 2020 - We are delighted to welcome Elicyon to our community with their expertise in Interior Design. Elicyon, a luxury design studio based in Kensington, London, offers Interior Design, Interior Architecture and Project Management services. This talented and professional team have undertaken many successful projects both in the UK, and internationally.

Read more about Elicyon

Thurs 9 July 2020 - We are delighted to welcome 1fs:Wealth to our community as an approved partner. 1fs:Wealth offers a sophisticated digital wealth intelligence platform for family offices and wealthy individuals. The First:Wealth platform provides an overarching view of all and any assets in a highly intuitive, easy-to-use manner and is independent, highly secure and cost-effective. Platforms such as First:Wealth help family offices view, manage and control all of their assets, optimise portfolio allocation, minimise operational and transactional risks and facilitate succession planning.

Read more about the First:Wealth platform

View article featured on Bloomberg

Thurs 2 July 2020 - We are pleased to welcome Argenta Private Capital Limited (APCL) as a partner. APCL offers private clients and trade investors a wide variety of ways to invest in the Lloyd's of London insurance market. They specialise in creating tailor-made, tax efficient underwriting vehicles for a worldwide client base.

Read more about Argenta

Mon 22 June 2020 - Agreus Group have published their 2020 Global Family Office Compensation Benchmark Report.

Click on this link to request a copy of the report

Mon 15 June 2020 - We are delighted to announce that Volume 2 of our annual publication, the GFOC Journal, "Emerging Stronger: the Next Decade for Family Offices", has now been published.

Click here to request a copy

Thurs 9 Apr 2020 - Aston Lark have produced factsheets on various Covid-19 topics covering travel and household insurance cover:

Coronavirus: Travel Insurance FAQs

Coronavirus: Home Insurance FAQs

Coronavirus: Business Dormancy Checklist

Five Signs to Spot a Coronavirus Phishing Email

Wed 25 Mar 2020 - Ronel Lehmann, Founder and Chief Executive of Finito, discusses the impact of the coronavirus pandemic on students and graduates.

Read the article here

Mon 23 Mar 2020 - KPMG have published 2 posts which can be read by clicking on the links below:

Covid-19: Are Family Offices at Risk? 

and...

Quarantines might impact tax residency

Mon 23 Dec 2019 - Botoff Consulting is pleased to share a copy of their 2019 Single Family Office Executive Compensation Survey. They have researched a broad network across the US, and have obtained data on 323 single family offices and 491 family office executives. Trish Botoff, Managing Principal, Botoff Consulting, was recently a speaker at our USA Family Office Conference, November 2019 in Beverly Hills.

Read the results of the compensation survey here

Fri 15 Nov 2019 - Global Family Office Community held its inaugural USA Family Office Conference on Thursday 7th November 2019 in Beverly Hills, welcoming over 100 guests. With thanks to all of the speakers and participants from the US and other countries who made this event such a great success, continuing to build our cohesive global family office community. A couple of the presentations delivered can be seen on our Knowledge Centre.

Visit the USA Family Office Conference website

Wed 13 Nov 2019 - Charles Avens, Senior Associate at Druces LLP has written an up-to-date immigration guide for the UK, covering the Tier 1 Investor Visa, Tier 1 Start-Up / Innovator Visa and Sole Representative of an Overseas Company Visa. This can be read by clicking on the PDF below.

Fri 8 Nov 2019 - haysmacintyre, an approved GFOC partner, have written an article on 'Family Offices and the Tech Industry: Investing in the Future'. The article, which can be read by clicking on the PDF below, focuses on potential returns, family offices as attractive tech investors and due diligence.

Fri 4 Oct 2019 - Global Family Office Community recently held its annual Family Office Retreat in the South of France. 48 guests, family members from family offices, joined us for this unique gathering over three days, stimulating a wide range of discussions, knowledge sharing, and relationship building. Thank you to our event partners for contributing to the success of this event, Barclays Private Bank, Wedlake Bell, Monaco Invest and Agreus Group.

Wed 10 July 2019 - We are delighted to welcome Finito as partners of the Global Family Office Community. Finito, the employability specialists, focus on helping first-time job hunters make the difficult transition from education to employment by furnishing them with the skills, coaching and mentoring to succeed.

Read more about Finito

Tues 18 June 2019 - Global Family Office Community held its sixth Global Family Office Conference on Thursday 13th June 2019 in London, UK. With thanks to all of the speakers and participants who made our annual Conference such a great success, bringing together over 100 family offices from our community.

Visit the Conference website

The flagship conference also saw the launch of our new publication, the inaugural GFOC Journal, the annual journal of the Global Family Office Community.

Request a copy of the GFOC Journal

Mon 17 June 2019 - Agreus Group, our resourcing and recruitment partner for family offices, were recently interviewed for Bloomberg Markets, discussing what it really takes to work in a Family Office environment and how Family Offices differ from other firms when it comes to recruitment.

Read the interview

Mon 9 June 2019 - KENDRIS have written an article on the use of Trusts, including what a trust is, the main characteristics in a trust setup, and its use in estate planning and family business succession.

Mon 9 June 2019 - An interview with Vahe Vartanian, Founder & CEO, Global Family Office Community for NDA Global.

Read the interview

Mon 19 Nov 2018 - Russell Grey, Founder and Director at SSI, Security Services International and our approved partner was recently interviewed on BBC Radio Guernsey providing an insight into physical security along with stories of first-hand experiences.

Listen to the fascinating interview here.

Tues 2 Oct 2018 - Healthclic, our approved health concierge partner, has published an article for Concierge Medicine Today, discussing the main psychological challenge their doctors face when working with UHNW individuals.

Read the article

Fri 27 Apr 2018 - Our approved healthcare concierge partner, HealthClic, have written an introduction to Whole Genome Sequencing and why we are still behind. The blog focuses on the need for genomic testing; family planning and genome sequencing. Read the blog post

Essential to preventative medicine in the 21st century, the genome sequencing test provides you and your primary care physician insights about your hereditary risk over 1,200 diseases. As we move into the era of personalised medicine, the UHNW community are as focused as ever on longevitiy planning to live longer, healthier and to protect their family. Further details can be found on the PDF below.

Mon 25 Sep 2017 - Liliane Bettencourt, the heiress to cosmetics firm L'Oreal, has died aged 94, her family has confirmed. A statement said she had died at home "peacefully" overnight. With an estimated 2017 net worth of 33bn euros, she was the world's richest woman. Ms Bettencourt's assets, including her holding stake in the cosmetics company, were placed in a trust controlled by her daughter.

Source: BBC News

Tues 29 Aug 2017 - Institutions and family offices are increasingly turning to private debt as a means to generate alpha for their portfolios, according to Avamore Capital who have written an article on this subject. The article can be read by clicking on the PDF below.

Thurs 13 Apr 2017 - Agreus, a Global Family Office Advisory and Recruitment firm have published their latest Family Office Compensation Benchmark Report 2017. Employees of more than 250 family offices were surveyed.

Click here to download the report

Tues 21 Mar 2017 - Billionaire philanthropist David Rockefeller has died in his sleep at his home in Poncantico Hills, New York, a spokesman said. He was 101 years old. Mr Rockefeller, the last of his generation in the famed American family, was the grandson of Standard Oil co-founder John D Rockefeller. The centenarian was at the helm of his family's fortune, controlling both philanthropic and business interests. He was the youngest of five sons of John D Rockefeller Jr.

Source: BBC News

Tues 21 Mar 2017 - Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14.8bn to $75.6bn. It was bad news for US President Donald Trump, who slipped 220 spots to 544 and must now rub along on just $3.5bn. Forbes said the $1bn fall in his wealth was due to the slow US property market. There were 183 tech billionaires on the Forbes list, with a combined $1tn in wealth. The list is dominated by US billionaires.

Source: BBC News

Mon 27 Feb 2017 - Recently launched Cavendish Family Office have announced the appointment of Mark Estcourt as CEO. Mark joins from London & Capital where he was Executive Director, and brings with him 25 years of experience advising UHNW families and entrepreneurs. Cavendish Family Office, a multi family office, serves clients from all over the globe including the USA, Europe, Middle East and Asia, and helps clients from unusual and high risk geographic jurisdictions or with political connections, such as PEPs.

Cavendish Family Office have also written a white paper on the topic of "When does it make sense to set up a Family Office?" and this can be read by clicking on the PDF below.

Wed 15 Feb 2017 - Adam Phones have written an article on selecting a telecommunications provider, with key considerations around the risks and maintaining security. You can click on the PDF below to read this article.

Mon 23 Jan 2017 - Michael Dean of Avamore Capital has written a piece on how family offices "need to dial up the humility" or risk underperforming. The interesting personal perspective and article can be downloaded by clicking on the PDF below.

Fri 12 Aug 2016 - Billionaire landowner and philanthropist the Duke of Westminster has died aged 64, his family said. Gerald Cavendish Grosvenor died at the Royal Preston Hospital in Lancashire on Tuesday after suddenly becoming ill on his Abbeystead Estate. The duke's fortune was estimated at $10.8bn (£8.3bn) by Forbes magazine, making him the world's 68th richest person and the UK's third. A friend of the Royal Family, he became the sixth Duke of Westminster in 1979. The sudden death of billionaire landowner and philanthropist the Duke of Westminster means his 25-year-old son Hugh has now inherited the estate.

Source: BBC News

Fri 24 Jun 2016 - Asian millionaires now control more wealth than those in North America, Europe and other regions, according to a report from finance firm Capgemini.Driven by China and Japan, Asia's millionaires saw their wealth jump by 10% in 2015, the firm's World Wealth Report found. Millionaires held nearly $60 trillion (£40 trillion) worldwide last year, four times higher than 30 years ago. That could rise to $100 trillion by 2025, Capgemini said. Asia's growth in high net worth individuals - defined as having $1 million in assets - came despite slowing economic growth in China and a weak Japanese economy. Capgemini found the growth in Asia was driven mainly by financial services, technology and health care industries. The region's millionaires held $17.4 trillion of wealth, compared with $16.6 trillion in North America, the report said. Europe's millionaires saw a 4.8% increase in wealth, which was led by Spain despite the country's record unemployment. The UK had the fifth highest number of high net worth individuals, although it only increased 1% to 553,000. Latin American millionaires suffered a decline in net worth of 3.7%, driven by political volatility and a turbulent stock market in Brazil. Worldwide, the wealth controlled by millionaires grew 4% last year to $58.7 trillion (£39.5 trillion). Earlier this year, Oxfam found that the richest 1% now have as much wealth as the rest of the world combined.

Source: BBC News

Wed 18 May 2016 - Hammer & Associates have released the first of their EngagedPhilanthropy™ series of toolkits created to assist families and their staff succeed in their philanthropic efforts. Laying the Groundwork: A Family Office Guide to Giving is a workbook that asks the questions – with space for answers – necessary for families to be more effective in their philanthropy. This series is a direct result of the 2015 report, Philanthropy in the Family Office: A Global Perspective. Download the workbook by clicking on the PDF below.

Fri 12 Jun 2015 - Global Family Office Community, in partnership with Hammer & Associates have jointly published the report, "Philanthropy in the Family Office: A Global Perspective".

The report, is the first global study to research philanthropy in family offices worldwide, and was initially launched at the Global Family Office Conference 2015.

The report will be of interest for family offices, philanthropic families, advisors and support organisations.

Download the full report by clicking here

Thurs 16 Apr 2015 - Following the recent seminar in London, "Family Offices: People Are Your Greatest Asset", sponsored by the global family office and wealth management advisory and recruitment firm, Agreus, they have produced a video summarising the discussions that took place.

Click here to see the video

Mon 1 Dec 2014 - Interesting article in the FT (Financial Times) on family office recruitment.

Read the full article

Thurs 25 Sep 2014 - Richard Branson has announced that 170 of his personal staff both in the UK and USA can take holidays for as long as they like. Taking the idea from Netflix, as he explains in his personal blog, he will trial the policy at the parent company, and assuming it goes as well as expected, he will encourage all subsidiaries to follow suit.

Read Richard Branson's blog

Thurs 22 May 2014 - The majority of owners believe their family-run business won't remain in the family into the next generation, according to survey results released by The Alternative Board (TAB). A recent article in Harvard Business Review found that nearly 70% of family owned businesses last just a single generation. As they point out, "the low survival rate has alarming consequences." With many family offices created upon the sale of the family firm, will there be an increase in the creation of family offices if the results are to believed?

In their survey of small businesses, TAB also revealed that less than a third of owners have a succession plan for their family business. Could this lack of foresight be the reason so many families lose control of their companies as leadership shifts?

Source: Family Office Review

Thurs 8 May 2014 - FamilyOfficeRecruitment.com is pleased to publish the Family Office Recruitment Report 2014.

Our second annual global talent report for the family office sector addresses the key talent issues family offices face, the attraction of family offices for candidates, current trends, skill requirements, a look at salary levels, as well as best practices. The report includes the results of our family office survey.

The report will be of interest to family offices, candidates, and the private wealth space in general.

Click here to download the 39 page report for free

Fri 8 Nov 2013 - Agreus, one of our recommended family office recruiters, have produced a video interviewing leaders in the family office space. The 3 videos, published on their website, provide an insight into the world of family offices. Their review has identified the critical aspects of family office recruitment, including the softer elements of the process that are often neglected, which often make the difference in making a successful hire and hence the successful running of a family office.

Click here to see the video

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.