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Private investment firms that can differentiate themselves by demonstrating an infrastructure that includes complete partnership and portfolio accounting, system-enforced controls and full transparency while being able to manage complex portfolio strategies, ownership structures and allocations have a significant advantage in growing their business...

Long-term care insurance, a meaningful solution to the long-term care risk exposure facing the ultra-wealthy, also can be a flexible and economical employee benefit, particularly in light of its statutory classification and tax treatment.

As the management and control of a family office passes to a younger generation, it is common for new leadership to reassess many of the organization's strategic elements against a new measurement criteria, a necessary process that can lead to difficult and transformational decisions. For many, the single-family offices that remain will bear little...

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.

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 the...

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.

Many officers of family offices serve on boards of directors for family-owned businesses or companies in which they have made equity investments. If these companies move into distressed status, litigation by investors and creditors may follow – and agents of family offices may appear to have the deepest pockets. This report from JD Ford & Company c...

A new paper from Butterfield Private Office outlines private trust companies and how ultra-wealthy individuals and families can use them to manage a wide variety of assets while retaining a large measure of control over the administration of those assets.

Two major changes have occurred in public company boards, both without regulatory impetus, according to SpencerStuart's 2007 Board Index. These are a more strategic, hands-on approach to identifying and screening new director candidates as well as revised director compensation packages.

In response to representations made since the Pre-Budget Report, HMRC announced that the draft legislation released in December and, in particular, the definition of a "bank" did not actually reflect their intentions and that the legislation will be substantially amended in this regard. Withers Worldwide provides a summary of the amendments and the...

The purpose of this document is to help you to understand the business aviation solutions available in today's marketplace and identify which business aviation solution may be of greatest interest to you.

One private aviation solution that many family offices are discovering is fractional jet ownership. This solution offers owners the ability to enjoy many aircraft ownership benefits at a significantly lower cost of entry than full aircraft ownership. This is made possible by dividing the aircraft into smaller shares (fractions, beginning at one-six...

The authors discuss the impact of the addicted client on the emotional well-being of financial planners. They explore how to recognize the signs of addiction, seek competent assistance, and support recovery including what works for improved treatment.