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Jul 9, 2020

Transitioning from a registered investment advisor to a multi-family office

The decision to transform from a registered investment advisory (RIA) business to a multi-family office (MFO) can be challenging. On the one hand, an MFO typically has fewer, but more profitable, clients, but catering to the needs and expectations of ultra-wealthy families means some key differences from a traditional RIA.

May 11, 2020

Operational challenges faced by family offices in today’s COVID-19 environment

In this current environment of the COVID-19 pandemic, family offices that don’t outsource or co-source have quickly figured out they have a significant gap in their operations and reporting environment.  Many families have realized their data is weeks or months stale.  Readily available information is hard to pull together due to manual processes across multiple systems.  Processes that have been maintained over the years due to legacy models have been inherited by their current teams, with replication across teams proving to be complicated. 

Mar 10, 2020

Cybersecurity challenges for family offices: FWR Family Office Fintech Summit

Are family offices paying enough attention to cybersecurity, and do they approach the challenge with the right people and technology? Should the family office sector regard big cloud providers as a risk to mitigate against? These are some of the questions we plan to address at the upcoming the 5th Annual FWR Family Office Fintech Summit on Tuesday March, 17 in New York.

Jul 12, 2019

Challenges facing family offices: what is holding you back?

With at least 10,000 single-family offices in the world, half of which were formed in the last 15 years, family offices may feel like they struggle to keep with the pack. To keep pace with the increasingly complex and ever-changing tax, regulatory and accounting requirements, family offices must modernize their technology and operations.

Feb 21, 2018

How to manage the impending wealth transfer: A guide for advisors

Will you be able to sustain your business beyond the lifetime of your oldest clients, after they leave their fortunes to their heirs? For investment advisors who built their businesses on the wealth of baby boomers, the impending transfer of an estimated $30 trillion – the largest intergenerational wealth transfer in history – poses a predicament.

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