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.
For The Biome, the Vermont-based wellness and skincare company launched last year by Paul and Barbi Schulick, has announced a partnership with the JHCapital family office of Jim Crook and Allison Maino. Read the full article here.
Keel Point, a wealth management firm and multi-family office which focuses on helping clients invest with a purpose, announced today that Doug Andre, the former tax and estate planning partner at Ivins, Phillips & Barker, has joined the firm’s Vienna, VA office as Family Office Counsel. Read the full article here.