How tough is it to get a job with a family office? 21/05/2015 Moving from a firm where there may be hundreds if not thousands of employees to a tight-knit family office can be a tough call, not least in adapting to the culture of a focused firm dealing with the myriad interests of a wealthy family.
A tale of two (or three) family/private investment offices 08/05/2015 The news on 6 May that London-based Troy Asset Management has secured the mandate to manage the Electric & General Investment Fund, a UK authorised open-ended investment company with around £100 million of assets would normally be considered as of very peripheral interest to thewealthnet. But both Troy and Electric & General Investment Fund provide insights about the development of family/private investment offices within the UK.
A peek into UBS' global family office 29/04/2015 UBS appears to have broken the mould in its newly published 2014 annual report and accounts by publishing details about its Swiss-based global family office, which focuses on the Swiss bank’s richest clients.
Competition, private/family offices and the upper echelon of the UK wealth management market 22/04/2015 “Most of us would have thought ten years ago that by now the private client world would be dominated by firms like ours, but it’s actually shrunk,” Guy Paterson, a partner at London-based Stanhope Capital told thewealthnet in an interview that coincided with the tenth anniversary of the partnership’s launch (see thewealthnet 20/04/2015) . “Four of our competitors have merged in the last year, which I think must be telling us something.”
European family offices get the Bono habit 31/03/2015 Private equity is generally considered to be the riskiest asset class. Nonetheless, and contrary to the conventional wisdom that wealth preservation is the guiding star of wealth management, this has not deterred the very rich from securing exposure to private equity in the pursuit of higher returns.
New forum for family office advisers launches 19/02/2015 Last Thursday (12/02/2015) saw the launch in London of the Family Office Advisors Forum, a network for those professionals advising family offices and the families behind them. The idea is that of Keith Johnston, who chaired the first meeting, and who is the founder of the Family Office Council.