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Families of wealth and business-owning families report that privacy and security of personal and financial data is a concern, yet few report confidence that these risks have been mitigated. This guide is designed to help families, family offices, and family enterprises integrate a security strategy in a code of conduct framework that is responsive ...

In today’s hyperconnected world, news headlines are filled with stories about identity exposure, data breaches and other major threats to your personal information and financial assets. This guide provides best practices, resources, and actionable advice to help you protect yourself or recover from a cyberattack.

The wildfire activity in late 2017 reached unprecedented levels and many lessons were learned from the devastation. With the intention of helping those in vulnerable areas to improve their homes’ resiliency to wildfire, and most importantly, keep their families safe, tips and recommendations are provided on life and safety evacuation, smart l...

Succession planning for a family business inevitably requires planning for the transition of the management team. This transition presents several challenges, including dealing with non-family managers and with a family member who is not suited for a leadership role in the business. These difficulties are not insurmountable, and, with clear communi...

Family connectedness, not money, has the greatest influence on multi-generational family continuity. But when many think about legacy, it’s often in the context of multi-generational financial wealth. Money, though, masks what people are really interested in passing to future generations of their family. Money can support the connections, but...

Federal tax reform has potentially and perhaps unexpectedly increased the tax liability for families by destroying the deduction for investment expenses. However, the recent United States Tax Court decision on the Lender Management case may provide an opportunity for family offices to maintain deductibility for legitimate business expenses under th...

Many employers and family offices find performance reviews can be a challenging task. But with a new take—one that turns a performance review into a career conversation—it can become an opportunity to establish a healthy dialogue that provides space to exchange feedback, assess performance, and “take the temperature” of the ...

On the journey to obtain independence and achieve financial success, the priorities usually include having a good educational experience, a sound resume and a career with a nice salary. That journey will likely contain u-turns, bumps and dead ends. And if good financial habits are not developed, then there can be a financial disaster. The reality i...

Lending to middle market companies in the U.S. and in Europe has shifted due to structural changes and evolving risk tolerances in each respective banking system. The emergence of direct lending as an established asset class is here to stay, and given the recent inflow of new entrants into the sector, it is imperative that investors select managers...

With the passage of the Tax Cuts and Jobs Act in late 2017, virtually all areas of federal tax law saw sweeping changes. As a business owner, it’s particularly important to understand how these changes can work to your advantage as you consider your tax planning under today’s new laws. Five strategies—including restructuring your ...

Today’s risk environment is more complex than ever before, and successful individuals, families, and family enterprises are facing a convergence of personal, commercial, strategic, and financial risks. This latest Family Office Benchmarking Study provides a deep examination of concerns, trends, and personal insurance data and programs that ar...

Works of art are at great risk of being damaged during handling and transportation. To reduce the likelihood of loss, it is important to adhere to a stringent set of guidelines for every transit. Arrangements will differ in each situation, but following the recommended steps—including selecting a fine art specialty shipping company and reviewing yo...

Are you maximizing protection when it comes to your online activity? Or do you open yourself to cyberattacks by clicking on links in promotional emails and allowing third-party applications to access your contacts and other personal information? To help identify areas where you might be at risk, follow the experts’ checklist of best practices...

When it comes to keeping horses safe from a natural disaster, it starts with having a written plan so everyone involved knows what to do before, during and after a catastrophic event. The plan should be guided by best practices, including conducting a physical hazard assessment of your property.

Whether moving to a new home or setting up a seasonal residence, valuable and irreplaceable items require careful consideration. As part of a general household move, ten tips—beginning with creating an inventory—should be followed to protect your collections of fine art, antiques, jewelry, wine and other precious cargo.