In order to increase the bottom line of a family office, one of the key econometrics is understanding the relationship between the fee charged and the costs associated with each client. Understanding the fees charged to a client is usually well known based on invoices sent to the client. However, without a corresponding knowledge of the costs per client, it is impossible to know if the fee assessed is adequate. To understand costs, it is necessary to track the time spent servicing each client.
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At a time when some businesses are struggling simply to stay afloat, warnings over the dangers of inappropriate usage of business e-mail might seem misplaced. However, this remains a risk that can often be poorly managed and that could cause disproportionate damage to an already fragile corporate.
Organizations that invest in leadership development perform better than those that don't. Challenging economic times underscore this fact even more, according to independent reports collected by the Center for Creative Leadership. Studies show investment in leadership development improves financial performance, attracts and retains talent, drives a performance culture and increases company agility.
Companies that manage their people, or talent, successfully are in good position to weather volatile times and emerge in better shape than ever. Deloitte offers suggestions beyond downsizing to align short-term budget-trimming needs with companies' long-term personnel strategies and overall business objectives.
As the current economic crisis continues to unfold, financial institutions must focus not only on the immediate situation but also on the likely long-term effects. If history is any guide, Kroll says, they will see a substantial increase in fraud claims, legal disputes and regulatory actions.
A new paper from Global Superyacht Club makes the case for fractional ownership of luxury yachts, noting savings of time and money on maintenance, crewing, management, safety and security procedures, planning, provisioning and relocation delivery.
There are significant changes in the taxation of non-UK domiciled individuals. This question-and-answer document from KPMG LLP provides a quick overview of these changes as well as the impact on those affected.
Recent tax court cases have shown the ongoing administration of family limited partnerships is as important as making sure the transaction was properly structured at the outset. Withers Bergman says the family office is a natural fit for ensuring such administration because of its day-to-day involvement with family members and their holdings.
An economic downturn can accentuate the drivers of fraud and misconduct within companies, according to KPMG's third national integrity survey. Researchers found that 75 percent of employees had observed or knew of wrongdoing within their organizations. Ethics and compliance programs seemed to make employees more willing to report the misconduct they observed.
Individuals who have been diagnosed with cancer can do much to influence the course of their illness and improve their quality of life. This comprehensive guide from PinnacleCare can help patients navigate the healthcare system to get the best possible treatment outcomes.