Investment management firms and family offices serve important functions within the realm of personal finance, but they cater to distinct types of clients and offer unique services. Understanding the differences between these two types of financial entities can help individuals and families make informed decisions about which might better suit their financial needs. Focus and
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
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
