According to a recent global report, family offices are actively funding innovative businesses. As a result, there is a visible boost in the venture capital segment and good returns for the FOs.
The world’s rich, reminded of their own mortality, are setting up family offices in greater numbers and plumping for Singapore as a base, according to Monetary Authority of Singapore Deputy Director Spencer Hsu.
Family offices spend years focusing on wealth management and creating investment strategies. However, this isn’t time to kick back and relax until everything goes back to normal. Consider this as the perfect opportunity to make those desperately needed evaluations and changes offered.
Traditionally, salary and compensation structures, along with most other operational aspects of the family office, have remained opaque despite the growing global demand for experienced executives to manage various financial, investment, legal and service offerings within these organizations.
If there’s one financial strategy that’s never failed me, it’s cashflow banking. I wrote about this strategy in my book What Would Billionaires Do?, but the basic premise is: start earning interest instead of paying it, cut out the middleman (the bank), and have access to your money before 59½, along with a multitude of other benefits.
Legacy planning is a sensitive topic for anyone, and the world’s affluent aren’t an exception. Here we’ve gathered five key succession planning tactics observed from the UHNWI worldwide.
COVID-19 pandemic is the best time for team’s performance checkup. Family offices across the globe are pausing to take a look within, before they can begin planning the future.
Experts say that Singapore’s significance is very likely to grow from being region-specific to global. Today we explore what makes the city-state the next preferable center for family offices and UHNWI.