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Safeguarding Wealth and Wellbeing: The Crucial Role of a Chief Security Officer in Family Office Risk Management

Apr 25, 2024
In the world of family offices, security concerns often take a backseat to wealth management and asset protection. However, when a crisis strikes, the need for a Chief Security Officer (CSO) becomes paramount. This case study delves into the remarkable journey of a new CSO who, thrust into a whirlwi...
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Fund Administration and the Modern Family Office

Apr 03, 2024
Peter Schatoff, Senior Relationship Manager According to a survey of KKR’s network of family offices, 52% of their portfolios will be invested in alternatives in 2024. As the alternative asset category continues to grow in size and scale within our client’s portfolios, it is only natural tha...
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5 Love Languages in Family: Enhancing Bonds with Gary Chapman's Principles

Mar 29, 2024
At Boutique Matchmaking, we understand that comprehending and speaking the love language of loved ones can enhance bonds and relationships. Gary Chapman's principles of the 5 Love Languages provide valuable insights into how individuals express and receive love. But what exactly are ‘...
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There's nothing cryptic about FASB's first crypto asset accounting standard

Mar 29, 2024
On December 13, 2023, the Financial Accounting Standards Board (FASB) issued its much-anticipated Accounting Standards Update (ASU) on accounting for and disclosure of crypto assets. This ASU is the first official guidance under US generally accepted accounting principles that addresses the accounti...
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Guard your wealth: Cybersecurity for family offices.

Mar 21, 2024
Get ahead of cyber risk. As phishing and ransomware attacks advance in efficiency and scale, the financial motivation that fuels cyberattackers is stronger than ever. Due to the level of wealth that is managed, family offices are a particularly attractive target. Families have paid up to $500,...
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Navigating the Waters of Sudden Wealth Increase: A Guide for Liquidity Events

Mar 15, 2024
At Accordant Global Partners (AGP), we serve some of the most prominent families, corporations and business leaders in the world. We are our clients outsourced Chief Security Officer and operations team. Our Purpose is to ensure the families and organizations under our protection remain resilient to...
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Navigating Prenuptial Agreements: Guidance for Legacy Families

Feb 29, 2024
Prenuptial agreements are becoming increasingly popular and standard for couples, especially for wealthy families and individuals. These agreements, when implemented well with reputable legal experts, provide a relatively predictable method for asset protection and planning. However, navigating the ...
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Catch-up Contributions - Impacts of the SECURE 2.0 Act

Feb 21, 2024
In December 2022, Congress passed the Securing a Strong Retirement Act of 2022, commonly referred to as the SECURE 2.0 Act. The SECURE 2.0 Act includes a multitude of provisions, many of which affect employer-sponsored retirement plans and individual retirement accounts. In this article, we here ...
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From archaic information to AI automation: A blue ocean opportunity for family offices

Feb 20, 2024
There’s no limit to the number of hours a family office can spend mired in PDFs and spreadsheets tracking private investments. Information on private investments is spread out among numerous data providers and fund managers, sometimes numbering in the hundreds. Each source presents data in its un...
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Navigating Dating Apps: A Guide to Protecting your Privacy

Feb 14, 2024
With love in the air this Valentine’s Day, there’s no better time to be looking for a partner! The question remains however, where and how do you look and how do you do so safely? In the fast-paced world of dating apps, maintaining privacy is crucial, especially for high net worth singles. Here a...
The Impact of Technology on Family Offices in 2024

The Impact of Technology on Family Offices in 2024

Feb 06, 2024
In the ever-evolving landscape of finance and wealth management, family offices are experiencing a paradigm shift propelled by advancements in technology. Traditionally, family offices have been known for their personalized and comprehensive approach to managing the financial affairs of high-net-wor...
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The AI Revolution in Family Offices and Wealth Management: Transforming the Uncertainties into a Roadmap for Improvement

Feb 02, 2024
We humans approach artificial intelligence (AI) with awe, excitement, and apprehension. It's no longer just a trendy topic discussed in boardrooms and technology labs. It's here beating World Go Champions, predicting the quaternary structures of proteins, inventing mathematical theorems, creating ar...
Managing the Trusted Insider Threat to Your Family: A Comprehensive Approach

Managing the Trusted Insider Threat to Your Family: A Comprehensive Approach

Jan 25, 2024
At Accordant Global Partners (AGP), we serve some of the most prominent families, corporations and business leaders in the world. Our purpose is to ensure the families and organizations under our protection remain resilient to the unique and dynamic global risk landscape. We do this across Five Pill...

Inflection Points: 4 for 24: Themes to Watch for Next Year

Dec 11, 2023
Investors always have a lot to worry about, and the current environment is no different. Markets continuously climb walls of worry. One day interest rates are the concern, the next its upcoming elections, the day after perhaps economic growth. Assessing risks is central to sound investment, but be c...

Shannon Kennedy receives inaugural Glen W. Johnson Legacy Award at FOX Family Forum

Oct 27, 2023
This week, Family Office Exchange (FOX) recognized Shannon Kennedy, Head, BMO U.S. Wealth Management, as the inaugural recipient of its Glen W. Johnson Legacy Award. The award is presented to those who have distinguished themselves through exemplary achievements in the family office space. With o...

The 3 most critical questions to ask when selecting family office technologies

Oct 26, 2023
Private Wealth Systems, a global financial technology company that is revolutionizing the way private wealth is analyzed, reported, and managed. Private Wealth Systems has been named a FinTech Top 20 Company by American Banker, and Top FinTech Innovator by CIO Review. You don’t have to look far t...

2023 FOX Family Forum Recap – Day 3

Oct 25, 2023
Enjoy a recap of Day 3 of the 2023 Family Forum by Erin Hulse, Founder of Deviate Consulting, LLC. Anticipating Change in the Family and the Family Enterprise Joline Godfrey, Sara Hamilton, and Jeff Strese Explores a multitude of dynamics coming simultaneously; generational shifts happening...

2023 FOX Family Forum Recap – Day 2

Oct 25, 2023
Enjoy a recap of Day 2 of the 2023 Family Forum by Erin Hulse, Founder of Deviate Consulting, LLC. Industry Founders Panel: The Evolution of Wealth Sarah Hamilton, James (Jay) Hughes Jr., Dennis Jaffe, Ellen Perry, John Warnick, and moderated by Peter Moustakerski For the first time, FOX ha...

Avoiding the December Mad Scramble

Oct 24, 2023
“Are we all procrastinators?” There are a lot of ways to answer the question of why ~30% of charitable giving in the U.S. happens in the last month of the year, starting with Giving Tuesday. Donors have good intentions. So do the people that support them – family office support and other advisors...

The Family Office Industry Supports the Evolving Family Enterprise

Jul 26, 2023
As published in The Journal of Wealth Management's 25th Anniversary Issue (Summer 2023). The dramatic growth of the family office industry in the 1980s was sparked by new liquidity running through hundreds of business-owning families. In an effort to preserve and expand their wealth, they needed ...

2023 FOX Family Office and Wealth Advisor Forum Recap – Day 2

Jul 11, 2023
Enjoy a recap of Day 2 of the 2023 Family Office and Wealth Advisor Forum by Erin Hulse, Founder of Deviate Consulting, LLC. Welcome and Exploring Emerging Themes from 2023 FOX Research Hilary Leav, Director, Insights & Research, FOX The Rising Gen may Surprise Us Families say ...

2023 FOX Family Office and Wealth Advisor Forum Recap – Day 1

Jul 11, 2023
Enjoy a recap of Day 1 of the 2023 Family Office and Wealth Advisor Forum by Erin Hulse, Founder of Deviate Consulting, LLC. Welcome to the Forum Scott Muench, Managing Director, Core Membership, FOX David Toth, President of Membership, FOX This Forum focused on networking! Fewer chances...

Investing in Your Family’s Mental Health

Jun 14, 2023
Investing in the mental health of each individual and the family supports family unity, trust, mission, and financial success. Mental illness is present in one of five families, and research demonstrates that affluence is not a protective factor. This means that mental health and illness are vit...

The family office journey toward operational excellence - Technology and talent considerations present challenges and opportunities

Jun 09, 2023
As a leading provider of accounting, tax and consulting services, RSM family office professionals develop multigenerational relationships by providing the right solutions to help sustain your family’s vision across your operating business, your investment structure and your family office. In toda...

Advancements in Investment Reporting are Helping Family Offices Improve their Risk and Portfolio Management Strategies

May 23, 2023
Private Wealth Systems, a global financial technology company that is revolutionizing the way private wealth is analyzed, reported, and managed. Private Wealth Systems has been named a FinTech Top 20 Company by American Banker, and Top FinTech Innovator by CIO Review. Advanced investment reportin...

Is your family office reaching its full potential? How to unlock the value of your people, processes, technology and data

Apr 05, 2023
As a leading provider of accounting, tax and consulting services, RSM family office professionals develop multigenerational relationships by providing the right solutions to help sustain your family’s vision across your operating business, your investment structure and your family office. ...