What is the wealth for?BY MICHAEL KARBOURIS | MONDAY, 10 AUG 2026 4:39PM An estimated $83 trillion will pass between generations over the next two decades.
 The next generationOn March 20, David Rockefeller - former Chase Manhattan chair and last of Standard Oil founder John D. Rockefeller's grandchildren - passed away. Redefining the family officeWhile the family office model has traditionally been the preserve of the ultra-rich, this may be changing very soon. Game of thronesPassing the torch to the next generation is an important step in the family office journey, but it shouldn't be done without careful consideration. Calling time on hedge fundsBased on a recent survey by alternatives researcher Peltz International, hedge funds typically represent 11% of family office portfolios - but this may ... Eggs, baskets and family officesOne of the most appealing parts of running a family office is the freedom to go it your own way - but this can have its downsides. Award winners shine a light on Australia's growing philanthropy sectorEarlier this month, we announced the winners of the 2016 La Trobe Financial Standard Philanthropy Awards, which recognise the real-world achievements ...  More to philanthropy than many people realiseAlthough Australian cricketer Shane Warne may not realise it, his charitable foundation has done the not-for-profit and philanthropic sector a huge favour. A role model for young professionalsFacebook founder Mark Zuckerberg and his wife Priscilla Chan recently announced they would transfer 99% of their shares in the social network, worth about ... Honouring philanthropic givingFS Private Wealth has supported philanthropy from its first issue. Over the intervening years, it has provided advisers, high net worth investors and ... Now is the time to giveThere is no doubt that philanthropic giving is gaining momentum. While Australian private wealth investors have always been generous in their donations ... |
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Family businesses turn to external chief executives: Deloitte
While family members will largely remain at the helm of family businesses post-succession, a Deloitte Private report anticipates a meaningful shift globally, with more businesses preferring outside professionals to step into the chief executive roles.
MST Financial broadens services to Alder & Partners
MST Financial has broadened its services for Alder & Partners Private Wealth Management, providing "institutional-grade investments" across managed accounts, asset allocation and research.
Australia welcomes 25k to millionaires' club: UBS
Australia's club of millionaires jumped by 25,000 last year thanks to booming property values and fat superannuation balances, according to the latest UBS Global Wealth Report.
Family office succession takes back seat to investments
While family offices have investment strategies down pat, the state of their succession plans paint another story, which reports suggest could undermine a seamless transfer of a vast amount of wealth.
Further Reading
Cover Story
Generation next
JAMES GOWING
FINANCE DIRECTOR
GOWING BROS LTD
FINANCE DIRECTOR
GOWING BROS LTD
To sustain a successful multi-generational business and legacy requires investment acumen grounded in strong family values. As part of the rising generation at Gowing Bros, executive director of finance James Gowing is helping position the 158-year-old company for the future. Karren Vergara writes.
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