Check out my most recent article, which questions how we look at the family office concept. Here's a link: https://www.familywealthreport.com/article.php?id=200166. The team at Family Wealth Report was kind enough to publish it. It may be a form of heresy to even question whether family offices really exist. Yet, there is value in exploring this concept. This article delves deeper into the topic previously discussed: re-positioning "family office" as a mindset and methodolog

There are a lot of articles (typically released annually in January) that discuss trends in the family office space. We’ve all seen them. Frequently, we encounter a catch-all list of predictable family office topics, such as "the impending massive you-better-not-miss-this generational wealth transfer event is coming now." Occasionally, someone will share a topic-specific trend listicle that is both useful and interesting. The notion of a precise accounting of family office tr

Our data reveals that while family offices are aware of the numerous threats they face, many are not incorporating regular stress testing into their overall risk management strategy. This oversight could result in family offices overlooking a vital technique to assess the strength and resilience of their risk management practices. The spectrum of stress testing methods is broad, extending from rigorous computer-simulated analysis to more straightforward, low-tech solutions.

Part of the challenge of building and running a family office comes from strategy…or sometimes the lack thereof…when putting the pieces into place and then dealing with the day-to-day operations. The reality is that family offices often come together through an evolutionary process that on close inspection looks more like the assembly of Frankenstein’s monster than a highly technical manufacturing process. However this is understandable. Family offices are entities that are c

#Insiderthreats stem from legitimate users who have approved access to computer systems in an organization. Threats from insiders can develop from either nefarious intent to cause harm to networks or from unsuspecting staff or family members who unintentionally compromise information systems or leak data. 81%+ of family offices do not protect against insider threats. Most staff #backgroundchecks and monitoring programs start and end at the point of initial employee onboardin