How Blockchain Technology Can Bolster Impact Investing for Family Offices
April 29 - May 03. 2019
The technology underlying Bitcoin could have major implications for an unexpected industry - impact investing. As the technology evolves, family offices and wealthy individuals could find powerful tools that make saving the environment and improving lives easier.
Impact Investors Embrace New Tech to Create Change
March 04 - 08. 2019
As impact investing matures, family offices and private investors are increasingly turning to emerging technology investments as a catalyst for broader social change. The emergence of socially conscious funds, ethical investment vehicles and renewable energy bonds are a clear indication that investors are looking beyond the numbers and weighing broader consequences of their capital allocation decisions. Much of this capital is flowing to innovative ideas and groundbreaking technologies.
Does Your Family Office Need a Data Scientist?
Feb 25 - March 01. 2019
Being a data scientist may be the trendiest job at the moment. But does the average family office really need one? Hedge funds and asset managers are replacing old-fashioned fundamental investing methods with quantitative investing tools like data science and predictive analysis, according to Bloomberg. In most cases, these money managers are willing to pay large sums of money to hire the best data scientists and equip them with the most sophisticated tools to drive performance.
Family Office Operations: How Much Can Be Automated With AI?
Jan 28 - Feb 01. 2019
The recent rise in artificial intelligence (AI) technology brings with it a promise of unparalleled automation and efficiency but will also reshape the global workforce. Highly structured and protocol-based jobs are the most vulnerable to automation. In other words, the more a job relies on data and rules the more likely it is that a robot will take over in the not so distant future, according to researchers at the Sloan School of Management at MIT and Carnegie Mellon.
Family Offices Face Growing Cybersecurity Risks
Dec 24 - 28. 2018
Despite the fact that family offices face increasing cybersecurity risks, many are not prepared. Citi Private Bank estimates that businesses across the world lost more $400 billion to digital attackers in 2016 alone. Nearly two-thirds had less than 1,000 employees. Family offices and small investment firms are particularly vulnerable, according to Edward Marshall, director of the Global Family Office Group at Citi Private Bank.
Family Offices Face Competition in the Hunt for Talent
Dec 10 - 14. 2018
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.
Increasing Global Regs Mean Higher Compliance Costs for Family Offices
An increasing global regulatory burden is leading to higher compliance costs for some family offices. The cost of wealth management has been steadily rising over the past few years, as governments demand more transparency and tighter controls on the financial services industry. ...READ MORE
Tackling Cybersecurity Risks: Q&A with Andy Hart of Delegate Advisors
Sep 24 – 28. 2018
Family offices are particularly vulnerable to cyberattacks and the long list of cybersecurity threats they face continues to grow.In recent years, Andy Hart, Managing Partner of San Francisco-based Delegate Advisors, has become increasingly focused on the growing risk of cyberattacks and has bolstered cybersecurity at his multi-family office with sophisticated software and regular audits.
Family Office Structures: Single, Multi and Virtual
Jul 23 - 27. 2018
As wealthy families around the world increasingly turn to the family office model as a formalized approach to manage their wealth they are faced with which structure to choose.The number of family offices has quintupled from the depths of the financial crisis in 2008, according to the Family Office Exchange. Other estimates suggest the number has grown tenfold over the same period.
Family Offices Increasingly Eye Maturing Crypto Markets
A lot has changed since the original Bitcoin whitepaper was published in 2008. There are now more than 1,590 different cryptocurrencies and tokens with a combined value of $245 billion. Most of that market value accumulated over the past year, as cryptocurrencies hit the mainstream and turne...READ MORE