The surge in the population of ultrahigh net worth (UHNW) families has given rise to an expanding family office sector. These affluent families are increasingly turning to family offices to oversee the expansion, security, and intergenerational transfer of their wealth. In the digital age, the integration of technology in family office management is not just […]
Educating the Next Generation: Financial Literacy and Involvement in Family Offices
In the world of family wealth, ensuring the prosperity of future generations is as much about imparting values and skills as it is about managing assets. Financial literacy is a cornerstone of sustained wealth management, yet it is often overlooked in the upbringing of heirs to family offices. This blog post delves into the importance […]
The Role of CPAs in Family Offices: Understanding the Expertise and Value Certified Public Accountants Bring to Family Office Services
Family offices typically favor conservative investments. They aim to balance capital preservation with wealth growth. Yet, recent trends show a shift towards riskier investments for better returns. RBC’s report reveals 77% of family offices view investment risk as their top concern for the next 3-5 years. To manage this, most are turning to third-party experts […]
5 Things Family Offices Need to Think About in Quarter 4
The landscape for family offices is evolving rapidly, influenced by economic, technological, and generational factors. As we approach the end of the year, family offices must take a proactive approach, re-evaluating their strategies and preparing for the future. Here are five critical areas family offices need to focus on as they navigate the final quarter […]
What Crypto’s bloodbath means for family offices
Like many family offices, watching the crypto market fluctuate has been causing a lot of concern. While we don’t pick the investment strategies that families make, we are required to ensure that investment strategies are executed. […]
Philanthropy practices: how the family office manages charity endeavors
Many family offices find that by having strong philanthropy practices they get to ensure they make a difference to the world they live in and the causes that are center to their families, as well as benefit from tax benefits. […]