Inflection Point Intelligence (IPI), specializing in global financial services, announced the launch of the Henley Family Program, its latest financial management program.
To address the flourishing wealth sector in the region, the international multi-family office, Mcfaddens & Co, has teamed up with CIIC (China Industry and Commerce) in a joint venture to launch a multi-office family network in Hong Kong and China.
Cerestra Advisors, an Indian private equity firm, and KPFO Ventures have joined together for a co-owned property technology platform, where investors can co-own assets.
The two have named the platform Winvest and will be live next month with an asset portfolio of up to $100,000 million. Seed investment in the platform will be made by KPFO Ventures, and Cerestra will identify assets, manage assets and investors, and close deals.
Although family offices have been around since the 1800s, they’ve only begun to flourish in recent years.
Family offices tend to target individuals with more than $1bn assets, while multi-family targets those with more than $20bn. This means there are plenty of people that require a helping hand with their family resources. That’s where Harness Wealth’s initiative comes in.
In hopes to attract business in the special administration of family offices, Invest HK (Invest Hong Kong) started up an independent office. FamilyOffice HK is to be set up in Admiralty, the central business district in Hong Kong, where it can efficiently serve its clients.
Having the correct information and advice regarding investments is crucial for professionals in a family office. However, every family office is unique, and if one fails to follow through with a trust deed or other mandates, they will be accountable to the family.
Here are some things that family offices need to consider when it comes to investing in a post-covid-19 world.
The time has come for family offices to restructure their investment staff to meet their goals. Private equity talent is being greatly sought by these offices in return for managing their portfolios and a better equilibrium of work-life.
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.
Large family offices are veering towards private equity investment during the economic turmoil caused by the coronavirus pandemic, a new study and interviews with family office CIOs reflects.
The Family Office space witnesses merger and acquisition (M&A) activity from time to time. Such activity allows firms to expand into new markets without having to make significant investments in infrastructure and client acquisition. The latest transaction in this sector saw Banque Bonhôte & Cie acquiring Private Client Partners (PCP) for an undisclosed fee.
