The 10 best reads to build a family investment office. What can families learn from world class investment managers to improve their investment acumen?
Unique insights to drive your family and family office forward, authored by Family Capital Strategy
Investment Governance Articles
If the family is serious about continuing to grow its wealth across generations, it is highly unlikely that a broadly diversified portfolio alone will achieve that target.
To hit their long-term return targets, families must architect a unique investment approach. Otherwise, the wealth just dwindles away as the family grows and the wealth gets divided. In fairly short order, without additional replenishment, a sizable fortune can be reduced.
There is much speculation about how society will change following the ultimate resolution of the COVID-19 crisis. Call me a skeptic, but I am not convinced that is how humans actually change their behavior.
Instead, I would argue that this virus is hopefully the final nail in the coffin in this era of human history and how we govern and manage society.
Obviously, the world has changed a lot in the last few weeks. Because there are so many moving pieces currently, I thought it worthwhile to summarize at a high level where markets are currently and what is going on.
It’s not just that a family’s assets have to grow at a steep rate over time – easily 9-10% or more. It’s that there really is only one variable within the family’s control – and it’s a complicated one
You Don’t Have to Sell Just Because the Party Might Be Ending – Exiting is More Complicated Than That
There is a piece making the rounds on Bloomberg (” Family-Owned Businesses Urged to Sell Before the Party Ends”) this week saying that if you have ever contemplated selling your business now is the time to head for the exit.
Our caution would be simply that of the zen master – ‘we’ll see.’
What if, this very tendency to not discuss what it means to be wealthy, actually enhances the risk of a negative outcome rather than prevents it?
One of the great challenges families face when allocating capital for the long-term is determining the right level of risk and return. This is exacerbated further by the fact that many in the family office (FO) world believe that the investment strategies of families...
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