The holidays are a time for relaxing with family and friends. Unfortunately, criminals use this time to shift into high gear. Crime statistics from October indicate this year will be no exception to the historical trend, but you can take steps to help avoid becoming a victim of burglary or theft.
A family office is one way for wealthy entrepreneurs and corporate executives to be sure they get the help they need to mitigate the significant, and not always obvious, risks facing their families, particularly as they make the transition from a period of building family wealth to one of sustaining it.
Globalization has increased growth opportunities not only for companies but also for those in the business of kidnapping for ransom. The key is to prepare for dangers both at home and abroad and to assess readiness for a complex resolution process if a kidnapping should occur.
This paper highlights the concentration risk embedded in traditional portfolios, describes a simple risk parity strategy and demonstrates its out-performance over nearly four decades, and then delves into the more advanced portfolio construction and risk management techniques used to implement risk parity portfolios.
It is increasingly common for estate planning attorneys to reduce estate taxes on tangible property by transferring ownership of that property from an individual to a trustee of a trust. However, this strategy can expose an entire estate to some serious potential uninsured claims.
Social media is fun. It can create communities and even revenue streams for businesses. However, risks abound. Understanding one's personal responsibility and liability is essential to remain safe in online interactions.
Affluent individuals and families are increasingly becoming targets of criminal activity, such as stalking, kidnapping, theft, harm and vandalism. Does your family use any wireless communication devices? Do you regularly check for spyware on your computers? How do you dispose of sensitive information? These are just some of the potential vulnerabilities that exist. Unfortunately, these circumstances are real, and you need to be prepared for the unexpected.
Be sure that your heirs have the information they need to access your online accounts.
In the post-Madoff era, the foundation and non-profit sector continues to struggle with how to invest philanthropic assets most appropriately and how to ensure that boards and staff are managing investments prudently.
In an age of increased travel, easy access to information and global economic instability, personal security is a major concern for all wealth-owning families. In this 2010 FOX Financial Executives Forum presentation, a family office executive shares her experience in coordinating a security audit with a professional risk consultant to determine areas of family vulnerability, outline potential risk mitigation strategies and establish a process for evaluating potential security threats on an ongoing basis.