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MarketCurrents Wealth Management releases its April 2018 edition on Human Capital in Family Offices

MarketCurrents Wealth Management releases its April 2018 edition on Human Capital in Family Offices

The maturation and increasing institutionalization of single-family offices globally is driving demand for non-family member executives to run them. Chief executive officer (CEO), chief investment officer (CIO), chief operations officer (COO) and chief financial officer (CFO) are among the key leaders...

Cybersecurity Risks and Insurance

Cybersecurity Risks and Insurance

March 19 - 23. 2018
Cyberattacks and online fraud are on the rise and becoming more sophisticated. Family offices, a prime target, are increasingly looking to address cyber risk in its many forms. “I see family offices developing very robust cyber playbooks,” says Mr. Silverman. This includes prevention, having a plan if a breach occurs and implementing ongoing monitoring programs.

Contingency Planning.  Believe in the best, prepare for the worst

Contingency Planning. Believe in the best, prepare for the worst

Jan 08 - 12. 2018
The family office is about growth, yes. But it is, primarily, about preservation. Risk, disaster, crises are not like opportunity. They don’t knock, they just crash the door.

Reputation Management – Preparation is Key

An important element of asset management for UHNWIs is reputation management. This requires family offices to undertake careful planning and development of a family crisis plan, which includes the critical element of crisis communication within and outside the family. Careful analysis is involved to mitigate reputation risks of UHNWIs. Apart from crisis situations, family offices need to factor in any significant events that come with the potential to damage their client’s reputation, such as weddings, c...

Independent Brokers Switching to Registered Investment Advisors

The Independent Broker Deal (IBD) is slowly but surely turning into a thing of the past. With the changing demands of regulatory requirements and increasing business costs, key IBD players are evolving into the hybrid version – RIAs. The fee-based model is consistently diminishing in popularity due to the lack of scalability required for compliance, the insufficiency of the established infrastructure required to support larger entities and the rising tax implications. IBD business owners are now adopting a long ter...

Avoiding the Pitfalls of Social Media

Avoiding the Pitfalls of Social Media

Oct 23 - 27. 2017
Broadcasting sensitive information via social media can result in putting someone in peril as well as cause damage to reputation. Social media platforms can, for example, reveal the location of a user - valuable information for would be kidnappers. “There is a tendency for people not to view social media as a dynamic of the security playing field,” says Mr. Raphael.

Choosing a Provider: Best Practices

Choosing a Provider: Best Practices

Oct 23 - 27. 2017
Family offices often face the age-old debate of whether to build or buy. Building an in-house platform is more expensive and more difficult to maintain over time but can enable more customization than choosing an outside provider, Mr. Thijssen points out. On the other hand, outside vendors may provide a more robust platform that has the ability to evolve, he adds.

Celebrity Wealth Planning – Don’t Shadow their Investment Style

We see them as the obvious icons of wealth, basking in its glory with a luxurious image. As attractive as it may seem to follow in their investment footsteps, celebrity legacy planning is a whole different ball game and mimicking their investment decisions may just end up being the short end of the stick to non-celebrities. As Hollywood stars are seen investing away in tech companies and Asian celebrities seem to be following suit, we notice the subsequent popularity of this investment avenue amon...

Digitization of Wealth Management – The Need of the Hour

Yes, digitization has encompassed almost every industry at an unprecedented rate; yet, one sector seems to be lagging behind – wealth management. As viable as the justifications to the hesitancy of going digital, the advantages sure outweigh it. If it’s done right, wealth managers that are quick to adopt digital wealth management platforms are sure to stay ahead of the competition with robust systems, fewer operating costs and happier client relationships. Not to mention, the substantial decrease in suscep...

The High and Low of the Single Family Office

A wealth management agency that solely looks into the affairs of one UHNWIs family – a Single Family Office (SFO) is an entity that is, slowly but surely, appearing more prominently among global wealth advisors. On the other side of the coin, we have the Multi Family Offices (MFOs) that come with the obvious advantage of a more expansive investment reach. However subtle it may seem, SFOs come with their set of distinct advantages too. The first and most obvious is their connectivity to the needs o...

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