Family offices with assets of at least $1 billion are increasingly bypassing private bankers to deal directly with investment bank trading desks, a Citigroup Inc. executive said. Read the full article here.
Picture this, the average HNW Client has five different Wealth Management Providers (EY 2019). Each provider gives the client isolated advice based on the portion of wealth in their control. Read the full article here.
Chinese families started shifting their investment strategy from wealth generation to preservation in anticipation of a global economic downturn even before the deadly coronavirus outbreak disrupted China’s slowing economy.
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Ultra-high-net-worth investors being served by Private wealth management advisory firms are called as Family offices. The rate of speed of growth of the Family Office Market is very high in the current scenario. A total outsourced solution to managing the financial and investment side of an affluent individual or family is offered by family offices making it different from traditional wealth management shops. One of the major substantial drivers of the market increasing frequency of high network individuals across the globe. Read the full article here.
Private wealth is increasing at a phenomenal rate. As family businesses are sold, older entrepreneurs who built successful companies in the 90s prepare to cash out and new tech entrepreneurs float their organizations, the individuals involved all have one thing in common – the need to preserve and invest their vast fortunes.
A majority of trust and estate planning professionals are reporting an increase in the number of single-family offices, according to a survey conducted by Tiedemann Advisors. Read the full article here.
Family philanthropy can be a complex blend of giving cultures, approaches, motivations, legacies and structures. During a time of heightened economic and geopolitical turbulence, which is also highlighting rising social inequality and deepening environmental problems, families of wealth are becoming more deeply involved in their philanthropic commitments.