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, […]
The Evolution of Family Offices: From Then to Now
Origins and Early Development Family offices have a rich history that stretches back over centuries. The concept can be traced to the 6th century, where a major domus, or “mayor of the palace”, managed the wealth of royal families. In the late 19th century, the concept modernized with the establishment of family offices by the […]
MyFO Featured in Forbes 2023 Family Office Software Roundup!
We are thrilled to announce that MyFO has been recognized in the prestigious Forbes 2023 Family Office Software Roundup! The Forbes list holds special significance for us. Back in 2019, when Forbes first launched the Family Office Software Roundup, our co-founders, Simran and Alice, were scaling their Multi-Family Office practice. Within just 18 months, they […]
Unpacking Wisdom: A Glimpse into Jason Fried’s Business Mind
Several folks reached out, curious about the key nuggets from Jason Fried’s talk last night at the Vogue Theatre. While a lot of Jason’s insights are something you could stumble upon in the myriad of content he’s put out there, hearing it straight from the horse’s mouth has its own charm. It’s not every day […]
Securing the Future: Why Diversification is Key for Intergenerational Family Wealth
Updated: Sep 16, 2024 In the world of family businesses, the phrase “don’t put all your eggs in one basket” holds significant weight. For many intergenerational families, their wealth is often tied up in a single business—a testament to their hard work, dedication, and entrepreneurial spirit. However, as families prepare for succession and aim to protect […]
A Billion Reasons: How Aging Tycoons are Dodging the Taxman for Good and for Good
In a world where billionaires are often viewed with a lens of skepticism, a recent Forbes article sheds light on a different narrative. It tells the tale of four aging magnates, who are on a mission to ensure their wealth doesn’t just fill government coffers but makes a tangible difference. You could read the article […]
MyFO Raises $3.5M in Seed Funding to Revolutionize Family Office Management
Updated: Nov 13, 2024 Last week, MyFO announced the close of an oversubscribed $3.5M USD ($4.8M CAD) Seed funding round, led by Rhino Ventures. This funding marks a significant milestone in our mission to modernize family office management, streamline operations, and enhance governance through cutting-edge technology. With the support of our investors, we’re poised to scale […]
Navigating New Capital Gains Taxes: Strategies for Family Offices and Economic Implications in Canada
Updated: Sep 16, 2024 The Canadian government’s proposal to increase the capital gains tax inclusion rate has sparked significant debate. With the rate set to rise from 50% to 66.67% for gains exceeding $250,000, the intent is to make the tax system more equitable and generate additional revenue. However, this has raised concerns about its impact […]