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Hong Kong’s Private Wealth Management Association (PWMA) is pushing for changes in the domestic tax regime as it proposes four tax policy initiatives to attract family offices. In a white paper, the 45-member association recommends that the existing list of Offshore Fund Exemptions should be expanded and non-resident High Net Worth Individuals (HNWIs) should remain […]
Growth in new assets under management is higher within US multi-family offices (MFOs) than many other financial services firms, according to new research from global research and consulting firm, Cerulli Associates. In its latest report, Cerulli found although MFOs often have lean staffing headcounts and resources, many continue to exhibit superior cultures, significant client-to-employee ratios, […]
The ability to choose the private equity investments in which they participate is becoming increasingly attractive to family offices keen to pursue a more active approach to investment. Below, Paul Golden looks at how this desire for greater control has boosted interest in private equity ‘co-investment’. Family offices’ enthusiasm for private equity continues to rise. […]
While advisers and banks alike are often of the opinion that family offices have much to gain from better a understanding and management of “non-investment risk”, adherence to such an approach among family offices remains patchy. And amid the usual family rows, divorces and “key man” issues, there are other, perhaps less obvious, potential threats […]
Three veterans of the multi-family office and wealth management industry have joined forces to launch a new “private office”, known as Owl, in Smith Square, London, to cater for wealthy individuals and families. Adam Wethered, William Drake and Andrew Wimble said they were launching the Owl Private Office in response to a need they saw […]
The National Council of Monaco – the Monegasque parliament – yesterday passed a law that aims to regulate the activity of multi-family offices in the Principality, by creating two categories of MFOs. The new law comes as Monaco is looking to renew its wealth management business model, at a time when private banks around the world are […]
Family office portfolios struggled to generate returns in 2015, according to an annual survey of more than 200 such institutions around the world, with private equity and real estate investments outperforming most other asset classes – “again”. These were among the findings in the third outing of an annual report on family office trends just […]
Carret Private Investments (Asia) said it has received an investment of an undisclosed amount from CMBCI, a subsidiary of Mainland Chinese China Minsheng Banking Corp, and pursuant to this is about to embark on a “strong strategic cooperation” with its new business partner to develop its Asia wealth management business. In a statement issued out […]
Private banks cannot help but look longingly at the trillions of dollars of assets held by the thousands of family offices dotted across the globe. Here, International Investment HNWI contributor Paul Golden looks at how these private banks go about trying to tap this considerable pool of wealth – and the potential advantages they claim […]
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