Succession planning - preparing the next generation for leadershipBY JOHN BROONS | WEDNESDAY, 28 FEB 2024 4:41PMAs an experienced Family Business Advisor, I understand the unique dynamics, joys, and challenges of passing the torch to the next generation.
The refinancing cliffWe call it the commercial real estate loan refinancing cliff, offering a once-in-a-decade investing opportunity for real estate credit. Take a thoughtful approach to family business ownershipIn addition to focusing on the business assets, you must rethink your governance structure with each passing generation. Why family offices should meet the FuggersThe 15th-century merchant Jakob Fugger, the wealthiest man to have ever lived, can teach us a thing or two about the importance of diversifying investment ... Family office use of wealth manager predictionsAs part of my role on the investment committee for various family offices, I regularly interact with wealth managers. Succession planning for family businessesThe greatest wealth transfer in history-from Baby Boomers to younger generations-is underway. Why affluent families are flocking down underAustralia has regained the top spot in New World Wealth's 2023 list of destinations forecast to enjoy the highest net inflows of high-net-worth individuals ... Balancing offence and defence in a 'higher for longer' environmentThe market has woken up to the reality that the inflation war is not over. Considerations when nominating a charity for your super upon deathThere has been a lot of talk lately about the upcoming great wealth transfer, and you might be wondering where charities fit into all this. Eleven questions to consider when investing in an open-ended private assets fundWhen considering an investment in an open ended or semi-liquid private assets fund, it is critical to ask certain key questions of the potential manager ... Advocating slow and steady wealth buildingIn a world that glorifies quick gains and instant gratification, BMF Wealth advocates for a slow and steady approach to building wealth. |
Latest News
Family offices still love hedge funds: Preqin
The number of family office investors allocating to hedge funds increased by 10% from 2022 to 2023, and has doubled since 2015, according to new research by Preqin.
HNWI collecting activity stoops: Knight Frank
Despite a slew of record-breaking sales, luxury investment markets weakened in 2023, according to the Knight Frank Luxury Investment Index (KFLII).
Global economy to grow at a slower positive rate
Members of the Wigmore Association family office network, including Mutual Trust head of investment solutions Simone Rouse, believe that the global economy will continue to expand in 2024, albeit at a slower pace than in 2023.
US family office launches Australian arm
The Asena Family Office (Asena) has officially set up shop down under, merging with Melbourne-based boutique family office and asset management firm Giles Wade.
Cover Story
Wealth with purpose
PHIL HARKNESS
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
In the realm of Australian family offices, a stark reality emerges: 70% risk dropping the ball on wealth transfer. To curb this trend, Mutual Trust chief executive Phil Harkness and head of strategy Tracy Conlan are dedicated to helping clients create and preserve purposeful multi-generational wealth. Chloe Walker writes.