Family Office
Daily News Analysis
GenSpring Family Offices Promotes President For Florida Region
13 June 2013
GenSpring Family Offices, the New York-listed wealth management firm for ultra high net worth families, has promoted Nikki Gokey to president of the Florida region. Gokey will oversee the operations and delivery of wealth management services in Florida, which includes family offices in Palm Beach, Orlando, Tampa Bay, Miami and Sarasota . Gokey joined GenSpring in 2004 as a family wealth advisor in Orlando.
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Business Owners Feel More Comfortable Holding Illiquid Assets - FOX Study
4 June 2013
Business-owning families are more comfortable investing in other illiquid businesses and are also drawn to tangible assets, new research from Family Office Exchange suggests. Studying a group of 56 wealthy families, some of whom were business owners and others who were financial families, FOX found that the business owners had higher holdings of real estate and direct private equity . Business owners allocated 17 per cent and 12 per cent to real estate and private equity respectively, compared to 9 per cent and 4 per cent for financial families.
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Northern Trust Appoints Global Sales, Marketing Director For Family Office Group
3 June 2013
Northern Trust has appointed David Albright as global sales and marketing director for its family office group. Albright has been at the Chicago-headquartered firm for 15 years and most recently led its business development efforts in the northeast of the US . In his new role he replaces Shannon Kennedy, who has left Northern Trust.
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SAC Capital Advisors Prepares To Become Family Office; Another Executive Subpoenaed - Reports
31 May 2013
SAC Capital Advisors is preparing plans to become a family office amid reports that a fifth executive at the hedge fund has been subpoenaed to appear before the grand jury considering criminal insider-trading charges against the firm, media reports said. Stamford, CT-based SAC Capital Advisors is creating a plan to return outside capital, according to Fox Business . The news service was told that an announcement that SAC will become a family office, designed to run founder Steven Cohen's fortune, will be made within weeks.
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Risk Appetite On The Rise At Family Offices - Survey
28 May 2013
Family offices are increasingly injecting higher levels of risk into their portfolios, mirroring the broader market confidence since late 2012, according to the latest FT Family Office survey. Over 150 families from family offices around the world took part in the survey, which was conducted between January and February this year . Among the findings, the report shows that since Autumn 2012, family offices have decreased their exposure to fixed income by 4.
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Features
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
11 April 2013
WE Family Offices is trying to change the landscape of high-end wealth management with its offering focused on “wealth as an enterprise.”
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EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
27 March 2013
GenSpring Family Offices is in some ways a poster child for the multi-family office industry: it grew assets under management very quickly for many years but has recently had to tackle problems that come with this increasing scale.
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Executive Search Firms See Continued Jobs Ferment In North America Market
8 February 2013
This publication recently spoke to a number of wealth management executive search firms about their views about trends in the industry and issues to watch this year.
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INTERVIEW: Fidelity's Stance On What UHNW Clients Really Want
30 January 2013
As scores of industry players attempt to capitalize on the multi-family office market, one firm which has grown from zero to $13 billion assets under administration in two years recently told Family Wealth Report that it is looking beyond investment services.
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Guest Article: IRS Tax Authority Continues Pursuit Of HNW Individuals And Family Offices
11 January 2013
In a guest article, three experts look at the US tax authority's audit program that wealthy individuuals and family offices must be aware of.
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News and Features
Latest News
Lincoln Financial Advisors Hires Managing Director To Lead Pacific Region
Investor Satisfaction Falls As Firms Struggle To Communicate Effectively With Clients - Study
INSIGHT: The Financial Implications Of Turkey's Turmoil
The Changing Face Of Global Wealth: Rise Of The Entrepreneurs - Study
BNY Mellon Wealth Management Boosts Presence In South Florida With Director Hire
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
America Regained Top Spot For HNW Population, Wealth In RBC/Capgemini Survey
The annual RBC Wealth Management/Capgemini World Wealth Report also showed that North America, which in 2011 had lost its top-dog status to Asia-Pacific, is now back as the place with the largest high net worth market.
Tom Burroughes
18 June 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
