New family office launches in New York 12/06/2014 New York-based Flynn Family Office (FFO), a family office and business management solutions firm serving ultra-high-net worth individuals and families has launched.
Do family offices really require their own professional qualification? 05/06/2014 Accredited professional qualifications for those working directly with clients in the UK wealth management sector are not only in vogue. They are also mandatory as a result of the implementation of the Financial Conduct Authority’s (FCA) Retail Distribution Review (RDR). Furthermore every person that has acquired a recognised qualification is obliged to participate in a Continuing Professional Development (CPD) programme every year to maintain his or her Statement of Professional Standing (SPS) without which they can’t practice.
A peek into family/private office investment performance 03/06/2014 Despite increasing transparency elsewhere the investment performance of family and private investment offices still remains something of a mystery. There is no shortage of cheerleaders to advocate the virtues of the sector. Mention “investment performance” and the conversation invariably goes silent.
So just how well are family offices performing? 24/04/2014 Doubts continue to be raised about the future strength and vitality of the private banking and wealth management sector, especially amongst the consulting classes. But when it comes to “family offices” (FOs) and “multi-family offices” (MFOs), the received wisdom is that this is one segment of the market that is not only prospering but destined for vibrant growth.