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When your business and reputation are on the line: Know your professional liability risk – For high net worth individuals who invest their time and resources for lifetime causes, losingbusiness and personal assets can be devastating. Read this paper to understand how to protect HNW individuals from frivolous lawsuits that can threaten their life’s work and savings.

With cyber theft often in the headlines, it might seem as though it’s not a question of whether your personal information will be compromised, but when. For example, you have likely seen CNN’s estimates that over 100 million Americans have had their personal information stolen and exposed over a one year period. This may leave you wondering, “How safe is my money?” While the question seems straightforward, the answer is complicated because it varies based on the answers to several questions. How did the breach take place? What information was compromised?

Clients often hire domestic staff for help managing a large family and household. But for the affluent homeowner, there are significant risks associated with retaining employees such as babysitters, elder-caregivers, and housekeepers, to name just a few. When hiring domestic workers, it’s important to consider and address the risks involved, which are discussed in this article from Marsh Private Client Services.

The first in-depth exploration from our global family business survey, “women in leadership” shows that family businesses believe in the value of women in leadership overall, not only women family members.

Knowing what Wealth Managers find crucially important when structuring insurance solutions for their clients can help you differentiate yourself amongst this highly influential group of trusted advisors. The insights in this article can help you strengthen your referral network and increase your pipeline of UHNW business.

The volume of information in businesses is doubling every two years, creating significant challenges for businesses of all types and sizes, including family offices. Besides the cost of storage, the information in records and data can pose risks that may surface in audits and litigation. One way to successfully tame the rising tide, is to implement a Records and Information Management (RIM) program. This article discusses the benefits of implementing the proper records management system in order to minimize risks and liabilities at the family office.

CWP Management, Inc., is a busy family office based in Chicago, Illinois. They look after the financial affairs of 10 households and 31 family members across 3 generations, but an ageing IT infrastructure was weighing down on its president’s time and budget. When disaster struck and their data center was compromised, CWP used the opportunity to migrate to a secure, hosted cloud desktop.

Cloud computing continues to transform the way businesses work. But not all clouds are equal. We’ve collected the key features of cloud computing for family offices into a straightforward checklist and added explanations of what they are and how they matter to family offices. We’ve also highlighted what to look out for when a family office is ready to make a decision.

Everybody knows that people will live a lot longer in the future. But most of us don’t know exactly what we mean by a lot longer. Brace yourself, because the truth will surprise you. According to the Census Bureau, in 50 years more than 1 million Americans will live past the age of 102! The trend continues in Canada and across the globe. This means that most of us alive today have a very real chance of living to 102. And even those of us who don’t make it to 102 will probably live nearly a decade longer than the previous generation.