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“Internet message boards and review sites provide a venue where users- customers and pretenders alike- can offer anonymous evaluations and judgments about restaurants, hotels, medical and legal professionals and businesses," says Mitchell L. Marinello, a partner with Novack and Macey LLP. "Unfortunately, sometimes these reviews cros...

Many business managers include arbitration provisions in their companies’ contracts. The prevailing philosophy being that arbitration is preferable to traditional litigation via the court system because it’s private, speedier and less expensive. Under certain circumstances, however, a party may prefer to litigate a particular dispute in...

“Why can’t we all just get along?” If you say that often, perhaps it’s time to find the answer. People who work with successful families know that financial resources, social status, career or educational opportunities and even intact marriages do not guarantee family harmony. All families are subject to conflicts, pressures...

Families can face a deluge of competing challenges when managing their wealth which is why successful families rely on an ‘expert generalist’ to safeguard their interests. Ultra-high net worth (UHNW) families often, despite their good fortune and abundance of resources, struggle with a myriad of challenges associated with wealth managem...

On September 15, 2015, the SEC issued a new Risk Alert on cybersecurity that registered Broker-dealers and Investment Advisors need to review closely. This latest alert by the SEC's Office of Compliance Inspections and Examinations (OCIE) follows an announcement in April 2014 that it would examine the securities industry to identify cyber...

When your business and reputation are on the line: Know your professional liability risk – For high net worth individuals who invest their time and resources for lifetime causes, losingbusiness and personal assets can be devastating. Read this paper to understand how to protect HNW individuals from frivolous lawsuits that can threaten t...

With cyber theft often in the headlines, it might seem as though it’s not a question of whether your personal information will be compromised, but when. For example, you have likely seen CNN’s estimates that over 100 million Americans have had their personal information stolen and exposed over a one year period. This may leave you wonde...

Clients often hire domestic staff for help managing a large family and household. But for the affluent homeowner, there are significant risks associated with retaining employees such as babysitters, elder-caregivers, and housekeepers, to name just a few. When hiring domestic workers, it’s important to consider and address the risks involved, ...

Cloud computing continues to transform the way businesses work. But not all clouds are equal. We’ve collected the key features of cloud computing for family offices into a straightforward checklist and added explanations of what they are and how they matter to family offices. We’ve also highlighted what to look out for when ...

CWP Management, Inc., is a busy family office based in Chicago, Illinois. They look after the financial affairs of 10 households and 31 family members across 3 generations, but an ageing IT infrastructure was weighing down on its president’s time and budget. When disaster struck and their data center was compromised, CWP used the opport...

The volume of information in businesses is doubling every two years, creating significant challenges for businesses of all types and sizes, including family offices. Besides the cost of storage, the information in records and data can pose risks that may surface in audits and litigation. One way to successfully tame the rising tide, is to implement...

Knowing what Wealth Managers find crucially important when structuring insurance solutions for their clients can help you differentiate yourself amongst this highly influential group of trusted advisors. The insights in this article can help you strengthen your referral network and increase your pipeline of UHNW business.

The first in-depth exploration from our global family business survey, “women in leadership” shows that family businesses believe in the value of women in leadership overall, not only women family members.

Everybody knows that people will live a lot longer in the future. But most of us don’t know exactly what we mean by a lot longer. Brace yourself, because the truth will surprise you. According to the Census Bureau, in 50 years more than 1 million Americans will live past the age of 102! The trend continues in Canada and across the globe. This...

In response to an ever-growing number of malicious and costly cyber-attacks on U.S. companies, both the Cybersecurity Unit of the Computer Crime and Intellectual Property Section of the U.S. Department of Justice and the Division of Investment Management of the Securities and Exchange Commission recently published reports providing guidance on how ...