The great wealth transfer is upon us. Various finance industry experts estimate that over the next two decades, between 30 and 68 trillion dollars in wealth will transfer to millennial investors in North America alone. The issue of concern for traditional family office advisors is that if they don’t adapt and future-proof their consultancies, they risk becoming extinct.
Families are complicated, and so are employment decisions for family-run businesses. Mintz attorney Jen Rubin outlines guidelines for hiring, lines of reporting, and noncompete terms of agreement in family-run companies and stresses the importance of documentation and process. Read the full article here.
The digital age is upon us and with it comes a new generation of technologically savvy scions and ‘plugged-in’ activist stakeholders. Family offices that are professionalizing their operations to keeping up with the growing demands of these stakeholders and their businesses are increasingly seeking new solutions when it comes to family office software. If you’re […]