Top Trends for Family Offices in 2023: Climate Change Solutions and Digital Transformation
Family offices, long-standing pillars of generational wealth management, are at an inflection point in our rapidly evolving financial landscape. Tasked with navigating the complex terrains of the investment realm, they face challenges from broadening diversification to embracing the digital age. Embracing a broader investment horizon while public equities once dominated family office portfolios, the spotlight […]
Using Leverage to Your Advantage: Unlocking Equity Without Selling Your Assets
Updated: Jun 28, 2023 You will meet many business owners who are proud to say that they do not owe any money. For many start-ups, it’s an important milestone to be debt free. When you start building your business, you take on debt to help pay your bills and keep your business afloat. Becoming debt free […]
What Is The Digital Shift And How You And Your Family Office Can Prepare
The “digital shift” refers to the transformation of various aspects of life, work, and communication from traditional methods to digital technologies. In the context of a family office preparing for the digital shift involves adopting and leveraging digital tools to enhance efficiency, security, and communication. According to PwC’s 2023 Global Asset and Wealth Management Survey and […]
Deloitte’s Blueprint for the Future: How Family Offices Are Evolving
Updated: Sep 16, 2024 As family offices across North America face increasing complexity and heightened demands, they are seeking comprehensive platforms that streamline critical functions, from compliance to real-time investment insights. According to key findings from Deloitte’s Defining the Family Office Landscape, 2024, family offices are undergoing significant transformation. They prioritize efficiency, adaptability, and advanced technology […]
Prenups, Postnups, and Cohabitation Agreements
When most people see this title, they likely hear horror music playing in the background and want to run for the hills. However, such a reaction misses the most important thing about this title: these agreements are just tools. These tools are used by many in a positive way for both themselves and their partners. […]
How Family Offices Optimize
Updated: Sep 16, 2024 Wealth Management Platforms are Revolutionizing UHNW Family Offices. In today’s rapidly evolving investment landscape, ultra-high-net-worth (UHNW) family offices are increasingly turning towards alternative investments as a pivotal strategy for diversification. According to a recent J.P. Morgan report, a substantial portion of UHNW family offices are now incorporating alternative investments to better manage […]
Digital Tools for Streamlined Family Business Wealth Management
Updated: Sep 16, 2024 For families whose wealth is primarily tied up in a family business, managing and protecting that wealth can be particularly challenging. As these families prepare for succession and look to diversify their assets, leveraging advanced digital tools can provide unprecedented levels of efficiency, insight, and security. Here’s how digital tools can revolutionize […]
Future-Ready Family Offices: Insights from Morgan Stanley’s Whitepaper
Family offices are at a turning point. The growing complexity of wealth management, intergenerational transitions, and a heightened focus on sustainability demand new strategies. Morgan Stanley’s whitepaper, The Future-Ready Family Office, outlines the transformative trends reshaping the industry and offers actionable insights to help family offices thrive. How to adapt to Industry Disruption: Technology: The […]
MyFO Welcomes Financial Confidence, Enhancing Efficiency in Insurance Underwriting for Family Offices
MyFO is excited to welcome Financial Confidence, marking an exciting step forward in delivering unparalleled service to family offices. MyFO is thrilled to help enhance the efficiency, accuracy, and overall client experience within Financial Confidence’s insurance underwriting process. With MyFO, Financial Confidence can align its operations with its mission to provide sophisticated, client-centric solutions. MyFO is […]
The Gift of Clarity: A New Approach to Family Office Wealth Management
As the year wraps up, there’s no better time to reflect on simplifying the complexities of wealth management. The ability to see everything clearly—your assets, investments, and next steps—isn’t just about organization; it’s about empowerment. Clarity turns decision-making into an informed, confident process rather than a constant balancing act. For family offices, advisors, and family, […]