MarketCurrents Wealth Management to hold Roundtable for 3rd Annual Technology Family Offices Edition
MarketCurrents Wealth Management, the industry's leading private wealth publisher, will publish its much anticipated 3rd annual Technology Edition at the end of June. This is used throughout the year as a blueprint for family off...READ MORE
BNP Paribas’ Bank of the West opens private wealth management services in Manhattan aimed at HNWI’s and family offices
Bank of the West Wealth Management Group is seeking to leverage the strengths of BNP Paribas’ wealth management services and offer products and services aimed at high net-worth business families in the USA. They have opened their first Manhattan office and, though concentrated in the New York...READ MORE
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...READ MORE
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.
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...READ MORE
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...READ MORE
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
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...READ MORE