Why and How Family Offices Need to Manage Their Digital Reputation
June 15 - 21. 2019
The digital age has created an increasing area of risk that family offices need to address. Although family offices have traditionally been highly secretive and private, a few factors could compel them to manage their brand and maintain an online presence.
International Reporting Standards Tighten The Noose On Family Office Offshore Investments
May 27 - 31. 2019
A global move towards transparency and information sharing has made it difficult for family offices to invest beyond their borders. A growing number of multilateral tax regulations have magnified the compliance burden and reduced privacy for families across the world.
Are Family Offices the New Trust Funds?
April 29 - May 03. 2019
The emerging dynamic of lower corporate rates and higher individual tax rates could make family investment companies or family offices more appealing than trust funds for the ultra wealthy. According to research from the University of Colorado, family trust funds and other similar structures have been around since the pre-Christian Roman era. Trusts have helped wealthy families preserve and methodically distribute capital for centuries. However, the growing scrutiny of wealth in an increasingly unequal society is placing trust funds and their beneficiaries at the center of a political battleground.
Can Regulations Bolster Cybersecurity for Family Offices?
April 01 - 05. 2019
While most family offices can invest in better cybersecurity tools and training for staff, perhaps the war against cybercriminals won’t be won until the government steps in. Governments and businesses of all sizes may soon have to face the fact that cybercrime is turning into a macroeconomic hazard. According to research published by Cybersecurity Ventures, nearly 90% of all companies across the world will potentially fall victim to cybercrime over the next few years. The aggregate costs of these attacks could be as high as $6 trillion by 2021.
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 Services at gl...READ MORE
What Is the Future of Carried Interest?
Changing the tax treatment of carried interest was meant to be a cornerstone of the Trump administration’s tax overhaul in 2017. It was also one of the few policies that had bipartisan support in Congress. However, the final Tax Cuts and Jobs Act of 2017 left the rul...READ MORE
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
Asia’s Wealthy Families Keep Wealth Close to Home
Asia’s wealthiest families seem to be keeping their wealth closer to home. As capital becomes more mobile and Asia’s wealth expands to historic levels, offshore jurisdictions in the region have cornered the market for wealth management, efficient taxation a...READ MORE
How Family Offices Can Navigate Lender Case Tax Ruling
A key ruling from the U.S. Tax Court presents a new challenge for family offices. In last year’s Lender Management v. Commissioner, TC Memo 2017-246 “Lender” case, the court ruled in favor of reclassifying investment expenses. Investors and investment ...READ MORE