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.
The recent wave of mergers and acquisitions within the multi-family office field led to an opinion that the industry will soon divide into a few wealth management giants and numerous small advisories.
According to multiple reports, family offices are taking a more hands-on approach during the pandemic times by directly investing in companies that seek capital.
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.
Succession planning is a valid concern for all affluent families across the map. However, due to various geographical and cultural factors, the Middle Eastern family businesses need to approach the issue slightly differently.
On August 10, 2020, Keystone Capital Partners announced the establishment of its investment platform led by hedge fund expert Fred Zaino.
As compared to tradition family offices, the modern ones, focus on making the best use of capital by finding deal flow in emerging markets such as Blockchain or Cannabis. Modern family offices focus on transparency and provide access to in-depth information, which was never available for traditional models. It is mostly because the former focuses on wisely using the money within a client’s lifetime, while the latter had the goal of preserving the wealth for future generations.
The family office is often difficult to understand and analyze because it is known to be secretive in its conduct in the private wealth landscape. Because of this, the traditional techniques of targeting potential clients do not work as well as they once did.
