Author: Andrew Cohen The December killing of UnitedHealthCare CEO Brian Thompson has heightened concerns among high-net-worth families about the risks posed by their digital footprints, prompting many family offices to rethink their cybersecurity strategies. Thompson was shot Dec. 4 outside th...

You spent six months selecting accounting software for your family office or firm. You just signed the contract, your team is happy, the principal is happy, and you’re looking forward to implementing the solution. One year later, you’ve held tons of training sessions and have had many headaches o...

Successful wealth management firms are often obsessed with efficiency, building and refining programs that enable each of their advisors to see more clients. But things are different for family offices, which traditionally focus on bringing highly tailored, holistic planning and concierge services t...

Family businesses are kind of like families themselves: They’re cherished, they’re precious, and sometimes they’re taken for granted by their various members. Families are complicated, and so sometimes it’s just easier to leave things the way they are. But the consequences of getting complacent a...

If you’re new to making purchase decisions for software for your organization, it can be an overwhelming experience. Which software should you choose? How will you know which solution is the best one? What if you make the wrong decision? Maybe you made the wrong choice in the past and h...

With the results of the Presidential Election now behind us, it might be interesting to examine the impact past elections have had on financial markets and if there are any trends that might help us make more informed investment decisions during the next four years. Many wondered which candidate ...

When it comes time to hold a family office retreat as a tool to approach legacy planning, professionals within family offices who are tasked with planning that retreat often realize that it is a much larger undertaking than they anticipated. We’ve previously shared insights from experts at Bernstein...

The family offices of today are facing unique and often underappreciated challenges in a world of complex and technology-assisted fraud. Despite not considering themselves prime targets, family offices are increasingly vulnerable, as they lack the extensive security infrastructure tha...

Family offices have traditionally been a mysterious entity in the wealth management space. Designed to preserve privacy, exclusivity, and prestige, family offices seemed destined to remain under the radar, each operating to its own unique beat. However, as wealth continues to grow across a broader s...

In the intricate world of family offices managing high-net-worth portfolios, Artificial Intelligence (AI) emerges not as a replacement but as a robust ally. AI augments human capabilities, offering precise data analysis and predictive analytics that aid in efficient decision-making. Whi...