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Market Street Trust Names CEO

Market Street Trust Names CEO

Marianne W. Young Former President and CEO Market Street Trust Company Market Street Trust Company has appointed its second CEO in 20 years. Kara Garner Pass will take over the roles of President and Chief Exe...

Impact of Tax Cuts and Jobs Act on Family Offices

Impact of Tax Cuts and Jobs Act on Family Offices

Jason Michaels Senior Manager, Private Client Services RSM The impact of the Tax Cuts and Jobs Act (TCJA) on family offices is unprecedented, according to Jason Michaels, Senior Manager, Private Client Service...

Impact Investments and Aligning Family and Family Office Interests: Q&A With Michael Tiedemann

Impact Investments and Aligning Family and Family Office Interests: Q&A With Michael Tiedemann

When Carl Tiedemann established Tiedemann Advisors in 1999, he wanted to offer clients two things: the freedom to fire their trustee and the flexibility of being deeply involved in the investment planning process. Tiedemann believed the lack of these two critical elements were the underlying reason for his own family’s experience with trustees and wealth managers since the turn of the 20th century.

African Nations Top List of High-Net-Worth Growth

African Nations Top List of High-Net-Worth Growth

Cheryl Howard Managing Director Maitland Fiduciary Services, South Africa With its immense natural resources, young population and support from China, Africa is expected to create wealth at a record pace for the ...

Is Private Equity Getting Overheated?

Is Private Equity Getting Overheated?

Private equity has had a stellar run for the past 20 years. PE assets under management total more than $2.8 trillion, with nearly half of it in buyout funds, according to Consultancy.uk. At the same time, deal multiples, leverage ratios and the amount of uninvested capital in the private equity industry is at historic highs, according to a report published by the Boston Consulting Group (BCG). All this may indicate an industry that is overheated, overcrowded and that there is too much capital chasing too few investment-worthy assets.

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.

Investors Pursue Unconventional Real Estate Assets

Investors Pursue Unconventional Real Estate Assets

Frank Rolfe Co-owner Mobile Home University Family offices and institutional investors are increasingly making contrarian bets on unconventional real estate assets. Mobile home parks, billboards and forestland are ...

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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