Art and collectibles insurance booms, says Stonehage 08/05/2013 Wealthy individuals and families have increased insurance cover for high end art assets, and are spending more time actively managing their collections, as works at the high end of the market have soared in value over the past two years, according to the Stonehage Group, a European multi-family office for ultra-high-net-worth families and entrepreneurs.
Number of Chinese HNWI doubles since 2008 08/05/2013 The number of Chinese high net worth individuals have doubled since 2008 and are expected to increase 20 percent before the end of the year according to a survey.
Jersey Foundations surpass 200 milestone 24/04/2013 There are now more than 200 Foundation structures registered in Jersey, since their introduction in July 2009 - including 60 for UHNW family wealth planning.
Fine Art increasingly being offered as security - borro 16/04/2013 The art market saw a record-breaking year at auction in 2012 and borrowers are increasingly their masterpieces as collateral against loans according to personal asset lender borro.
Joining a larger family – Paul Kearney, head of family office at Kleinwort Benson, on what a family office should be 21/03/2013 There has been a drive in parts of the UK wealth management sector to target the extremely wealthy and their family affairs. This has led many firms to establish “family office” divisions. Paul Kearney, head of family offices at Kleinwort Benson, told thewealthnet that some of these firms simply focus on serving the investment needs to large, complex families. To truly be a family office, he believes that a firm needs to take a wide view of these clients’ needs.
