This article implores investors to draw conclusions about an investment manager not on the basis of numbers - past performance - but rather all the factors you can explore without looking at their track record. Once you have formed your opinion, see whether it tallies with the manager's track record.
Educating the children of wealthy families can be an extremely difficult challenge. Today, more and more family offices are recognizing the compelling need to assist in the effort to educate heirs.
Timing isn’t everything in year-end charitable giving — it’s the only thing. When considering year-end charitable gifts, donors should keep these simple steps in mind.
Asset Diversification
This article addresses the complex U.S. tax rules governing cross-border grant-making by private foundations.
“Mentoring is more than just a relationship between two individuals,” said James Ruddy, who launched a discussion on the topic at an enlightening and laughter-punctuated session at the 2005 Family Office Exchange CEO Forum. An attentive audience heard four diverse perspectives on the role of mentoring as a means to educate and groom successive generations.
Selling the family-owned business is one of the most important financial decisions and transactions that any family will face. Business owners, their children and grandchildren will live with the results for a long time to come. Getting it right is important to maximize family wealth, and some basic advance planning — even several years in advance — could help achieve that critical goal.
In today's world, domestic asset protection trusts can be a useful planning tool. However, under certain circumstances can be subject to intense scrutiny. Holland+Knight defines and outlines the case for domestic asset protection trusts.
Leadership succession and governance are important issues for every financial family. However, these issues are especially complex for business-owning families. To explore succession from an expert perspective, FOX spoke with Kelin Gersick, co-founder and senior partner of Lansberg, Gersick & Associates, a consulting and research firm specializing in family enterprise and philanthropy.
For most people, being part of a family means learning the family culture and passing the family’s values through the generations. If philanthropy is part of a family’s ethos and identity, most parents agree that there are many ways to incorporate the concept as well as the practice of giving in day-to-day life.