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Family Wealth

The rise of the family office, single and multi-, in the evolutions of the family enterprise field; suggestion on how to structure, use as an alternative to selling the company, vehicle for clarifying family values.

Thank you to this week’s contributor, Jim Coutré, for continuing our series of articles by presenters at the virtual 2020 FFI Global Conference, October 26-28.

Thank you to this week’s contributor, Natasha Pearl, for continuing our series of articles by presenters at the virtual 2020 FFI Global Conference, October 26-28. In her article, Natasha outlines the importance of developing an effective infrastructure as an important element in wealth preservation for family enterprises.

This week’s FFI Practitioner edition continues our series of articles written by members of the Editorial Committee. Thank you to Paul Chung, Jeremy Cheng, and Chin Chin Koh for this article examining the challenges confronting Asian families interested in establishing a single family office as well as practical advice for advisors navigating these family office challenges around the world.

Thank you to this week's contributor, Janice DiPietro, for making this thought-provoking case for family-to-family investing. The article explores investing strategies for family-owned enterprises that can create three important opportunities for both entities involved.

This week’s FFI Practitioner edition addresses a topic of importance in the field of family enterprise – the family office. In addition to an article examining the history of the role of a family office executive by Annischka Holmes-Moncur, we are pleased to share four global perspectives on this topic as published earlier in FFI Practitioner.

When should a family begin to think about forming a family office and what factors should they consider when making this decision? Thank you to Iñigo Susaeta, this week’s contributor for continuing FFI Practitioner’s series of articles written in both English and Spanish by members of the FFI IberoAmerican Virtual Study Group.

Thank you to this week’s contributor, Isys Caffey of Edelman, who launches 2018 with further analysis of the Edelman Trust Barometer Special Report: Family Business by focusing on the role that wealth inequality can play in public perceptions of family businesses and what family businesses can do to address these perceptions.

Despite the potential for next gen donors to become the most significant philanthropists and drivers of family enterprise to date, still little is actually known about the values and tendencies of this vital demographic.

This article explores the potential risks and rewards and provides suggestions for family business and their advisors who decide to engage in the practice.

This week, Katherina Rosqueta, from the Center for High Impact Philanthropy at the University of Pennsylvania, explores several approaches to impact investing, an increasingly utilized strategy to align deeply held family values with their financial investment strategy.

Philanthropy is not just a “good” thing to engage in. It is also one of the most effective tools for bridging generational differences in families.

François de Visscher (FdV): Why is it more attractive to be a direct investor as opposed to investing in private equity funds? Paul Carbone (PC): Well, I think there are several reasons.

Family offices have been following wealth. Historically, in Europe, private banking addressed most family issues. In the US, that concept followed the Titanic and did not cross the Atlantic that well.

Most businesses are cash guzzlers. They have liquidity cycles which usually define the remuneration structure — the way a family spends and lives its life.

The second issue in the November series on the theme of transformation in family enterprise focuses on philanthropy. Go here for “How Should the Family Business Community Respond to the Challenge of Economic Inequality?” by Michael Carney and Robert Nason.

In many segments of society there is growing pessimism about established business leaders’ ability to generate a sustainable and shared prosperity.

The Human Comedy Sometimes, you set out to “transform” others and end up demonstrating how obtuse you actually are: “How can I have been so blind?”.

Chinese business families are facing generational transitions, often subject to the curse of “wealth does not go beyond three generations.” In many of these entrepreneurial families, the business itself is a means to keep the entire family together.

Thanks to Iñigo Susaeta, general director of Arcano Family Office for his thoughts on the evolution of the family office in the Ibero-America region and how a movement toward more holistic models is emerging.

Iberoamerica ha sido en los últimos años una de las regiones de mayor crecimiento a nivel mundial gracias, entre otros factores, al buen hacer de sus empresarios y sus empresas.