To make decisions about the future, families need reports that provide a full view of their integrated risk exposure and their allocation across all family entities. Yet such aggregate reports remain the elusive Holy Grail of our industry. It is often promised by product providers, but product capabilities often still fall short of expectations.
Family Office
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Human Capital Trends and Insights
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In this news alert, the author, Perkins Coie, highlights that the SEC is expected to allow two separate exemptive orders being sought from the Family Office Rule with respect to distaff members of a family under the Investment Advisors Act.Because the distaff issue has the potential to affect so many single-family offices, the author believes this is a welcome development, and it is hoped that the SEC will amend the Family Office Rule to make this additional exemptive relief available to every single-family office that has a distaff issue now or in the future.
The loss of a spouse to either death or divorce is one of the most traumatic experiences anyone can go through. Life will change irrevocably in many ways for the surviving spouse or separated partners. This article reviews often-neglected steps that may lessen the burden and financial issues that you and/or your spouse may face when this painful loss occurs. So-called “widow planning”—applying equally to widowers and to contingency plans for divorce—is an essential part of any couple’s financial preparedness.
Institutionalize Your Life Insurance Portfolio
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It is frequently suggested that that family offices should mimic institutions and adopt an institutionally disciplined and process-oriented approach when managing their investment portfolios. Through a process-oriented approach, institutions and family offices can be more effective and produce more efficient long-term results.
Passwords: They're Not All They're Cracked Up To Be
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Plante Moran provides an in-depth look at password security and sheds light on some of the hacking tools out there. These tools are far better at guessing than you may imagine and, at rates of up to billions of guesses per second, much more persistent.So, what are our options? How can we combat this rising issue?
How are wealth owners managing the investment process? Who is making investment decisions, and what kind of results did those decisions yield in a year where the S & P 500 returned 32%? Using recent FOX research, Sara Hamilton will answer these questions and share 2013 asset allocation and performance data for survey participants. She will review the challenges and successes of 2013 and preview wealth owner investment plans and priorities for 2014.
While the concept of discussing the values and expectations surrounding philanthropy aren’t new and advisors are tasked with satisfying the gifting expectations of the families they serve, as indicated in the 2013 U.S. Trust and The Philanthropic Initiative research on philanthropy—there is a significant disconnect between advisor approach and client expectations.
Fund Structures for Family Offices
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As the family office sector evolves fund structures are becoming increasingly relevant and beneficial to manage the assets within the family. Many of the usual considerations for fund managers are equally valid for family offices.This article describes the several potential fund structures that:Provide a recognised and well established legal framework.Permit a family office to have greater control over the assets.Allow the family office to evolve into a multi-family office or boutique wealth manager.
Employment Report: The State of the American Worker
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In this edition of Market Insights, Glenmede provides an in-depth look at recent U.S. employment numbers and highlights the following: