Family businesses with inclusive corporate governance and communication plans designed with the family in mind stand a better chance of persevering across generations, writes Aik-Ping Ng
Contributor Michael Pompian shares the results of his new study of personality traits and investment biases.
In light of the financial chaos that has resulted from the global pandemic, many investors are turning to professionals for advice rather than trying to manage their portfolios on their own. During the long bull market, many investors may have believed they were very smart with their investments, since they were making nice returns, so why pay someone for advice?
From drugmaking to virtual doctors, start-ups are luring a rush of investors
Family offices in China have grown from practically nothing 15 years ago to a hyper-competitive industry now. Zhang Yong, a former private banker who set up one of the country’s biggest multi-family offices, shows how the market has developed.
Amidst the current pandemic, businesses are at a frantic standstill for obtaining financial resources through the United States’ CARES act. To assist local family-owned businesses both large and small, Family Office Network sat with president and CEO of Palm Beach Tax Group, Roland C. Manuel to talk about sustainable financial business practices during this unpredictable COVID-19 financial crisis.
It pays to be a senior executive in a U.S. family office.
Without proper wealth management, most families lose their businesses and money in 3 generations. Let’s see how family offices can help families manage their money for generations to come.
Asia’s family offices will be ready to seize post-Covid-19 opportunities if they make the most of this break from normality to reinvigorate key systems and structures.
Families come in all shapes and sizes and it follows that there is no one size fits all approach when it comes to establishing an effective governance framework for a single family office (being a private organisation that manages the investments for a single wealthy family) or a multi-family office (being a private organisation which looks after the investments of multiple families).
