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family offices

January 19, 2012
Long-term approach paid off for family offices during recession

Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.

Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.

That’s according to new research by American investment advisory firm Cambridge Associates, which surveyed 40 single family offices in the US and Europe in 2011.

July 16, 2010
FOs may escape the worst of US regulatory reform

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years.

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years. 

March 8, 2010
Will regulation be the ultimate ball and chain?

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over 

June 3, 2009
Where to now if you're looking to change jurisdictions?

Much talk in the past few months has been focused on which jurisdictions are the most family office friendly. Whilst Switzerland, Monaco and London seem obvious choices when establishing a family office within Europe, we found that the Isle of Man, a self governing British Crown dependency, suited our purposes and is now making concerted and successful efforts to compete in this market.

Much talk in the past few months has been focused on which jurisdictions are the most family office friendly. Whilst Switzerland, Monaco and London seem obvious choices when establishing a family office within Europe, we found that the Isle of Man, a self governing British Crown dependency, suited our purposes and is now making concerted and successful efforts to compete in this market.

April 24, 2009
European SFOs remain optimistic about the future

The latest Merrill Lynch/Campden Research European Single Family Office Survey has revealed the mood of the market amid the economic turmoil reports Marc Smith

While commentators, politicians and much of the general public remain unsure about what will happen to the global economy in the short term, single family offices in Europe remain upbeat and believe the crisis can be survived.

Investment guru Warren Buffett said in March that we are in an "economic pearl harbour", but only a minority of respondents to the second annual Merrill Lynch/Campden Research European Single Family Office Survey 2009 believe running an SFO is less viable than it was 12 months ago. Indeed, 41% believe it is more viable today.

March 12, 2009
Why European SFOs are optimistic about the future

While commentators, politicians and much of the general public remain unsure about what will happen to the global economy in the short term, single family offices in Europe remain upbeat and believe that the present crises can be survived.

While commentators, politicians and much of the general public remain unsure about what will happen to the global economy in the short term, single family offices in Europe remain upbeat and believe that the present crises can be survived.

March 11, 2009
Communicating value to clients

Family offices are characterised by their provision of high touch, bespoke services. So while investment performance that meets the financial targets of the sundry family members is the ultimate measure of a family office’s success, effective and frequent communication with clients is an essential part of their offering, especially when markets are volatile.

This fourth article in a series of six is written by Paul Watthey, director of marketing, Advent Software EMEA.

Family offices are characterised by their provision of high touch, bespoke services. So while investment performance that meets the financial targets of the sundry family members is the ultimate measure of a family office’s success, effective and frequent communication with clients is an essential part of their offering, especially when markets are volatile.

March 9, 2009
European SFOs shun equities amid global economic crisis

The second annual report by Merrill Lynch and Campden Research has found that Europe’s single family offices responded to the economic crisis in 2008 by pulling their money out of equities and putting it into cash.

The second annual report by Merrill Lynch and Campden Research has found that Europe's single family offices responded to the economic crisis in 2008 by pulling their money out of equities and putting it into cash.

October 15, 2008
Philanthropists’ needs not being met by advisors says new report

European private client wealth advisors, including family offices, are not meeting the needs of today’s philanthropists according to a new report.

European private client wealth advisors, including family offices, are not meeting the needs of today's philanthropists according to a new report. Nevertheless, philanthropy services are expected to become a core service of such providers within the next five years.

September 24, 2008
The Family Office Leadership Model

Family office managers need to improve their leadership qualities if they are to effectively manage their family's wealth, says a leading industry expert.

Family office managers need to improve their leadership qualities if they are to effectively manage their family's wealth, says a leading industry expert.

Constantin Salameh, manager of a family office in Geneva says managers need to embrace what he calls the Family Office Leadership Model, which illustrates a system of interrelated variables all of which impact your FO's ability to execute a strategy.

January 7, 2008
Family offices set to boom in India

The number of family offices in India is set to experience huge growth, according to new research.

The number of family offices in India is set to experience huge growth, according to new research. There are currently only 300 family offices in the country but US wealth consultancy Celent has predicted in a new report, entitled Overview of the Indian Wealth Management Market, that they will grow to manage at least 30% of all ultra high net worth accounts (those holding in excess of $30 million) by 2015.

January 1, 2008
Boom time for family offices

New research has highlighted the growing demand for family office services around the world. Suzanna de Baca analyses the reasons for this, the impact of cultural differences and what having more choice will mean for families

New research has highlighted the growing demand for family office services around the world. Suzanna de Baca analyses the reasons for this, the impact of cultural differences and what having more choice will mean for families

January 1, 2007
No drought of services

The DIFC has announced forthcoming legislation for family offices with an aim to preserve and grow local family wealth for future generations. Walid S. Chiniara and Anja Bolz report on the range of wealth advice opening its doors to those that want it

Walid S Chiniara and Anja Bolz are lawyers with Al Tamimi & Company, based in Dubai.

The DIFC has announced forthcoming legislation for family offices with an aim to preserve and grow local family wealth for future generations. Walid S. Chiniara and Anja Bolz report on the range of wealth advice opening its doors to those that want it

January 1, 2007
On the rise: family offices in Asia

In Asia, many businesses are family-owned, but the “advising” industry seems to be in its infancy. One such field that is gaining ground is family offices. While no one format has come to the forefront, the model is becoming more widespread, and families, bankers and investment advisors are understanding the need and usefulness of the concept. Families in Business spoke with Chew-Mee Kirtland, managing director of Mornington Services, a multi-family office based in Singapore, about the trends in Asian family offices

In Asia, many businesses are family-owned, but the "advising" industry seems to be in its infancy. One such field that is gaining ground is family offices. While no one format has come to the forefront, the model is becoming more widespread, and families, bankers and investment advisors are understanding the need and usefulness of the concept. Families in Business spoke with Chew-Mee Kirtland, managing director of Mornington Services, a multi-family office based in Singapore, about the trends in Asian family offices

September 1, 2006
Different values – same requirements

India’s rich families face the same generational wealth headaches Western families commonly manage through a family office. But few have yet considered how to successfully meld Indian values with this Western concept, finds Melanie Stern

Melanie Stern is section editor of Families in Business.

India's rich families face the same generational wealth headaches Western families commonly manage through a family office. But few have yet considered how to successfully meld Indian values with this Western concept, finds Melanie Stern

January 1, 2006
Starting a family office trend

The Middle East accounts for almost 30% of global wealth with virtually all businesses there being run by families. Financial institutions, both home and abroad are waiting to tap this wealth management market, but progress has been slow, finds Melanie Stern

Melanie Stern is section editor of Families in Business.

The Middle East accounts for almost 30% of global wealth with virtually all businesses there being run by families. Financial institutions, both home and abroad are waiting to tap this wealth management market, but progress has been slow, finds Melanie Stern

September 1, 2005
Seek the best advice

Private wealth management advice can be hit and miss. Thomas Livergood examines what family businesses need and how to prepare a shortlist of questions to tell if the firm is a goldmine of priceless nuggets and top services – or a minefield of expensive guff

Tom Livergood is CEO of The Family Wealth Alliance in Oak Brook, Illinois, USA. The website address is www.FWAlliance.com

Private wealth management advice can be hit and miss. Thomas Livergood examines what family businesses need and how to prepare a shortlist of questions to tell if the firm is a goldmine of priceless nuggets and top services – or a minefield of expensive guff

September 1, 2005
Structured products and individual requirements

George Malim talks to Albert Plattner, European head of structured sales at Citigroup Corporate & Investment Bank, on how structured products, customised for family offices and backed by analytical and reporting tools, can help deliver optimal performance

George Malim talks to Albert Plattner, European head of structured sales at Citigroup Corporate & Investment Bank, on how structured products, customised for family offices and backed by analytical and reporting tools, can help deliver optimal performance

November 1, 2004
Too rich? Hire a chief wealth adviser

A growing number of super wealthy US families and a decline in service at the banks that once catered to them have sparked an explosion in multi-family offices, according to a survey by Bloomberg and Family Office Management.

Scott Mcculloch is editor of Families in Business.

A growing number of super wealthy US families and a decline in service at the banks that once catered to them have sparked an explosion in multi-family offices, according to a survey by Bloomberg and Family Office Management.