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Evolution of the Wealth Management Landscape In 1989, when Family Office Exchange was launched, and the wealth management industry was still in its infancy, wealthy individuals and families had limited options for managing their financial wealth in a comprehensive manner. Their diversified investment portfolios consisted of stocks, bonds and cas...

Types of Financial Service Providers Conservative estimates suggest there are at least 12,000 firms in the U.S. competing to be the trusted advisor for wealth owners, with at least 500 targeting clients with $20-$50 million U.S. and another 100 or more firms targeting individuals with at least $50 million U.S.[1] The firms vying to serve the nee...

Understanding Conflicts of Interest The relationship between a client and a service provider is a two-way street. Both parties share responsibilities for ensuring disclosure and transparency in the relationship. A service provider is obligated to inform a client about conflicts, risks and alternatives, and the client is obligated to share releva...

These virtual allowance systems and banks give kids hands-on experience saving and managing their money. Bankaroo adapted from the product website: This website and mobile app is targeted for younger kids, ages 4-7. The program doesn’t have a lot of bells and whistles but it’s a simple way for parents and children ...

Examples of Conflicts of Interest Advisor does not disclose a bias in the purchase or recommendation of particular financial products. Advisor counsels both senior generation and younger generation(s) when their interests are not aligned. Questions Wealth Owners Should Ask to Surface Conflicts What...