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New philanthropists – ultra-wealthy individuals interested in being informed, strategic givers – have been growing in profile, and donations have been increasing. This paper from New Philanthropy Capital explores the opportunities for new philanthropists and established foundations to collaborate, the benefits of such collaborations, and the ways i...

Residency rules in the 1973 IR20 booklet were in question in the Gaines-Cooper case, but the HMRC6 guidance of April 2009 may be more relevant now to those wishing to lose UK residency, according to Macfarlanes. However, the new guidance has been described as deliberately vague and a work in progress. The authors argue that the time has come for a ...

In the latest issue of Private Banking Newsletter, Baker & McKenzie examines the case of Centre Trustees (CI) Ltd & Another v Van Rooyen & Others, in which the Royal Court of Jersey endorsed the removal of the protector who had put himself in a position where his own interests were in serious conflict with the interests of the trust beneficiaries.

In this paper, RCP Advisors points out the benefits of using private equity fund of funds managers. The authors note that fund of funds managers can help smaller and first-time private investors gain access to the asset class, while also helping larger investors to diversify their private equity portfolios.

A paper from Memoir Shoppe examines ethical wills and the age-old tradition of passing on spiritual assets. Most commonly written as letters, ethical wills are a unique, everlasting forum through which the ultra-wealthy come to understand and accept that authentic wealth can come from perpetuation of values, hopes, convictions, lessons learned and ...

Family offices may have to come to grips with the fact that greater diversification may not be the answer to improving rates of return, says a new paper from Advocate Asset Management LLC. The most prudent actions may be those that preserve capital, waiting patiently for the underlying climate to change fundamentally to one more conducive to the gr...

Contrary to what some investors think, embedded capital losses in stock mutual funds may not be tax advantageous, according to Hammond Associates. If capital gains rates remain at current levels, those capital loss carry-forwards add value for shareholders, albeit modest. If capital gains tax rates increase after 2010, loss carry-forwards may impos...

Many taxable investors are literally losing money by purchasing government bonds trading at a premium to their par value. A short article by Northwood Family Office notes that to understand the true rate of return, individuals must consider the impact of taxes on their bond investments.

A brief paper from Health Advocate Inc. provides an overview of health advocacy, explaining not only the concept but also how this new specialty service can help individuals deftly navigate the healthcare system in order to get the right services and to make sound medical decisions.

Family offices develop complex and highly individual business models that can make fraud prevention programs difficult to implement. At the same time, family offices are exposed to various types of risk that can hamper their ability to protect family assets. In these two papers, Rothstein Kass explains practical methods for preventing fraud and min...

Tough financial times demand strong risk management systems while limiting the resources available for those systems. In their sixth annual risk management survey, Marsh and the Risk and Insurance Management Society examine strategic risk management in practice and offer recommendations for building strong risk management programs.

Whether investing in a hedge fund, buying out a company or hiring a key employee, it is more important than ever for individuals to perform the proper due diligence. A new paper from First Advantage points out the need to verify credentials, search court records, read the news, review corporate and regulatory records and conduct interviews.

The 2010 health care legislation imposes numerous new taxes and mandates. This summary from Glenmede highlights key tax changes to which individuals and businesses may become subject. It combines the provisions of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act enacted in March.

The private equity industry belief in the persistence of returns is a fallacy, according to a research report from AARM Corp. Analytical selection of new managers, the authors say, overwhelmingly trumps the advantages of relationship access to existing managers in good private equity fund management.

This PriceWaterhouseCoopers study of global private banking and wealth management provides insight into the themes and trends affecting the world of wealth management as well as practical suggestions for actions wealth managers should be taking. The study is conveniently divided into six sections covering performance, client service, products and s...