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As families and family offices build their investment portfolios, they should consider private equity (PE) and venture capital (VC) with an eye on technological innovation. However, building a portfolio that incorporates both PE and VC investments is not straightforward. It requires skill and discipline. By looking at 2020 when private investments were among the top-returning assets classes, we learn more about how these investments have benefited institutional portfolios and provide some high-level tips on how to build winning portfolios.

The unique and personalized nature of each Family Office can make it challenging to access benchmark remuneration data. Family Offices require a distinct skillset, incomparable to other working environments, and many professionals that Family Offices search to recruit are accustomed to a certain compensation structure.

When families gather at their cottages or vacation properties, the senior generation might think how nice it would be for these multi-generational gatherings to continue after they pass. But before designing an estate plan to address the future generations’ continued use and enjoyment of the shared properties, there are two important questions a family must consider. Along with answering those questions, additional thoughts are provided to help families understand their goals for the property and the financial aspects of the next generation ownership of the property.

Once a family has made a decision to pass the ownership of family cottage or vacation property to the next generation, you will need to give thought to how that ownership will be held. There are basically three options for the form of ownership and use of a cottage by multiple households of a family: co-tenancy, a trust, or a limited liability company (LLC). Each one has advantages and disadvantages, which means that each family will have to weigh these and decide what form makes sense for them.

Once you have decided to pass the family vacation property to the next generation, and you have chosen the ownership form you want to use, the last step in preparing for the transfer is to create an agreement that spells out the use and maintenance of the property and gover

With the rise of the Tax Strategist, a trend is taking shape past the normal tax planning: Tax leaders who use a strategic approach are becoming key contributors to driving positive business performance. To uncover what’s behind this trend, tax executives were surveyed about their involvement in overall decision-making, as well as their top priorities and challenges in the next 12 months.

Given the latest court decisions in Delaware and the Federal Trade Commission’s announcements on restrictive covenants, it’s becoming clear that employers will need to rethink or halt their non-compete restrictions and clauses on employees when it comes to their HR policies and procedures.

The more you know about yourself, the better your relationships will be—including with money. In this issue, we celebrate two people who are harnessing their experiences and expertise to help others understand the emotional side of money. From a conversation with Jennifer Risher on breaking the money taboo, to Stan Treger, a behavioral scientist, using psychology to unpack money stories—this issue shows that exploring your relationship with money can be the first step to taking charge of your wealth.

Extreme weather conditions such as hurricanes in Florida to historic drought and rains in California are intensifying natural disaster losses both in size and frequency. By having a better understanding of your insurance coverage, you can insure against the risks your property may face—be they wildfires, hurricanes, deep freezes or floods. Even if you have a broad all-perils policy, it will have a list of exclusions that will be important to find additional coverage well before you think you might need them.

While it might seem like a great position to hold a concentrated position in a low-basis stock that has appreciated over time, it poses several challenges related to investment risk and taxes. Here are some charitable options for lowering your risk while doing the most good with your gains, whether that means giving to a worthy cause, gifting to a family member in a lower tax bracket, or both.