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. The wea...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 turned hobby...READ MORE
Should You Start a Family Office?
June 11 - 15. 2018
There is immense competition in the wealth management industry to land the ultra wealthy as clients. Families with more than $30 million in assets are regularly courted by investment and financial services firms to manage their financial affairs.
Bronfman Family Backs Israeli Cybersecurity Company
Image Credit: https://www.linkedin.com/company/claridge-israel/ Claridge Israel has committed $30 million in private equity funding to Cyberbit, the cybersecurity unit of Israeli defense electronics company Elbit Systems. Claridge Israel is a partnership between Claridge, the fami...READ MORE
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 offices ar...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 area, ...READ MORE