The economy is on pause and scores of businesses are facing huge losses, but for private equity the hunt for wealth management firms continues. Why? Because the demand for financial advice may be even more acute now and advisory firms offer a welcome annuity stream of reliable income in spite of overall market volatility.
Investors typically view safe havens as offering protection in market downturns. This can include defensive stocks, bonds, real estate, gold, commodities, currencies, private equity and alternatives. You can throw insurance, art, wine and collectibles into the mix, too.
Wilmington Trust today announced that Sharon L. Klein, President, Family Wealth, Eastern U.S. Region, has been named as one of the top 200 advisors in the country on the Forbes Top Women Wealth Advisors list. This annual list recognizes the top 1,000 women advisors in the United States. Less than one-in-five of these top women advisors oversee $1 billion or more in client assets, and Klein is featured as one of them
Two of this year’s Top 30 Under 30 work in family offices, offering them a different perspective on the Covid-19 crisis.
On this episode of The Family Business Voice, Edward Gallagher speaks with Ramia about the strategic partnership that helped his business expand.
The AmeriFlex Group® (TAG) headquartered in Las Vegas, NV, recently announced the launch of Ameriflex Premier – Virtual Family Office (VFO). The VFO was designed primarily to serve HNW households, business owners, and C-Suite financial-wellness demands. The VFO is perfectly suited for the client that wants an all-encompassing view of their wealth and the management of “their financial world.”
Family networks have become increasingly geographically dispersed and the next generation’s priorities have shifted towards a more global outlook. As a result, in recent years, many high-net-worth families have established their family offices in global hubs or offshore locations.
The bottom-line reason the very wealthy are motivated to establish and manage single-family offices is that, when run well, they optimize their financial worlds. Moreover, these single-family offices are very often able to optimize all aspects of a wealthy family’s world.
Earlier this year Union Bancaire Privée, the private banking group, scooped the award for best pure-play boutique private bank at this publication’s Greater China programme. We managed to catch up with Eric Morin, CEO for Hong Kong and head of north Asia at the Geneva-based group, to ask him about its strategy and in particular, the firm’s recently-launched Family Offices Services arm.
To preempt and mitigate risks around challenges unique to family businesses, owners need to consider practical ways in which to separate ownership and management.
