Family Office Buzz

SEI sells family office service. A new inheritocracy. UHNW Institute report. Richard Branson's expanding property empire.

FAMILY OFFICE BUZZ

A weekly collection of family office news and highlights. Included this week:

  • SEI family office services business acquired by Aquiline

  • A new inheritocracy: where financial security is increasingly tied to family wealth

  • Can private capital solve world’s most pressing problems?

  • The UHNW Institute’s symposium report

  • Richard Branson is growing his empire of ultra-exclusive properties

𝕏 highlights

A cynical view on why a family office career is the hottest choice.

How popular are the ten richest Americans.

The dark side of the family office sector in India.

A perennial question for Asian family offices.

Why private capital can help solve ‘world’s most pressing problems’.

in LinkedIn highlights

WealthTech moves: SEI family office services business acquired by Aquiline.

Family office courses continue to expand.

Investment themes and opportunities for single family offices.

 

📰 family office news roundup

Souk, stocks and succession planning: Growth of family offices in Dubai. The rapid growth of family offices in Dubai is driven by wealthy families’ focus on succession planning and diversified investments like souk stocks. Discover how these evolving strategies are reshaping wealth management and establishing Dubai as a key financial hub in the region - The Economic Times

The New Inheritocracy. The rise of inherited wealth is reshaping economies, weakening meritocracy, and creating a new "inheritocracy" where financial security is increasingly tied to family wealth. With inheritance flows doubling or tripling in major economies, asset preservation—especially in real estate—is driving inequality. The Economist argues that this shift threatens social mobility and economic dynamism - The Economist

UHNW Institute Symposium Report. The UHNW Institute’s 2024 Symposium gathered 300+ wealth leaders to discuss evolving family structures and the need for integrated, client-centric wealth management. Key takeaways include new tools like the Wealthesaurus™ (industry glossary), Multiphasic Service Model (structured advisory framework), and Advisory Business Models Grid (benchmarking tool) - Family Wealth Report

Top AI Concerns For Family Offices. Family offices are increasingly adopting AI but face key concerns, including data privacy risks, lack of transparency in decision-making, overreliance on AI without human oversight, ethical considerations, integration challenges with legacy systems, and a skills gap requiring specialized training. While AI offers efficiency and enhanced decision-making, addressing these risks is essential for responsible implementation - Forbes 

Digitalisation key to wealth preservation for family offices. Family offices risk inefficiencies and security issues due to outdated systems. Digitalisation is crucial for consolidating data, aligning investments with next-gen values, and securing multi-generational wealth. With $84T set to transfer globally, tech-driven governance and planning are key to avoiding the common fate of wealth loss within two generations - Professional Wealth Management

🍾 Living Large

Richard Branson is growing his empire of ultra-exclusive properties—just don’t call them ‘luxury’ - Robb Report

28 hours on the world’s most luxurious train.

Lots of great themes covered in the month of March, from family office accounting to the importance of human expertise in WealthTech.

If there’s something you want covered, hit reply to share.

Until Friday, see you on 𝕏 or LinkedIn.

 

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