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Family Offices Face Competition in the Hunt for Talent

Family Offices Face Competition in the Hunt for Talent

As wealth continues to grow globally at a brisk pace, the hunt for qualified talent among family offices and the wealth management industry as a whole has intensified. Meanwhile, EY reports that the number of family offices has increased from just 1,000 in 2008 to more than 10,000 today.

More Next-Gen Women Taking the Lead in Family Businesses

More Next-Gen Women Taking the Lead in Family Businesses

In 2013, attendees at the Reliance Industries annual general meeting in Mumbai were stunned when a 21-year-old woman took the stage alongside the company’s leadership team. Isha Ambani was joining her father Mukesh Ambani and taking a more active role in the family business, according to India’s Economic Times.

Selling the Family Business: Letting Go While Preserving a Legacy

Selling the Family Business: Letting Go While Preserving a Legacy

“I’ve worked in the company for the last 42 years. And I never until this year even imagined the possibility that we might think about selling.” That’s what Don Graham, the head of the legendary Washington Post, told reporters shortly after he announced the sale of the family business to Amazon CEO Jeff Bezos.

Is Fine Art a Good Investment?

Is Fine Art a Good Investment?

In 2005, a consortium of art dealers paid $10,000 for a damaged painting at a New Orleans auction. What the dealers initially described as one of many copies of a long lost masterpiece by Leonardo da Vinci turned out to be the original Salvator Mundi or Savior of the World.

Beating the Third Generation Curse

Beating the Third Generation Curse

German immigrant Bernhard Stroh came to America in 1849 armed with little more than a recipe for making beer. The beer was so popular that he set up a brewery shortly before the First World War. By 1980 it had grown to become America’s third largest beer company. At its height in the 1980s, the Stroh family’s wealth was estimated at $9 billion by Forbes. It was all lost by the early 2000s.

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