Insights, news and lessons from Family Offices. 20+ years working with high-net-worth individuals and families. Sign up for the newsletter 👨👩👧👦📈🚀signup.mrfamilyoffice.com WorldJoined January 2023
Family offices invariably start out with family members leading the executive team
But as AUM and complexity increase, families are more likely to hire experienced outside professionals to fill the executive roles
Family members migrate to oversight/governance roles
I spoke with the head of a family office today. He has invested in a farmland development project that by any normal standard is a disaster
The project is over budget, late and beset with political problems/local opposition
I would be tearing my hair out
But he is completely…
Only 33% of American Adults have an Estate Plan in Place
Even among those with a plan, few have a plan that's truly comprehensive
Here are the core estate doc's nearly everyone should consider:
- Living Will
- Guardianship Designations
- Beneficiary Designations
-…
By popular request, latest figures on:
> average staff numbers at family offices
> no. of households supported
> family members supported
> generations supported
> ratio family/staff
> entities supported
source: Morgan Stanley, 2023
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And here's where…
This was inspired by a dinner party at the weekend
I was sat next to a banker
Over starters, he told me his job:
Compliance
A little part of me died
Turns out he was lovely, interesting, funny. Don't judge a book etc. etc.
This was inspired by a dinner party at the weekend
I was sat next to a banker
Over starters, he told me his job:
Compliance
A little part of me died
Turns out he was lovely, interesting, funny. Don't judge a book etc. etc.
Private jets registered in each country
+ no. of private jets per 1 million population
> US leading the way
> Surprising low number of PJs in Japan
> Isle of Man, Bermuda and Cayman are good places to register a PJ
> Only 203 PJs in China
United States
12,051 / 35…
How big is too big for a family home?
New Jersey
18,000 sq ft
10 bedrooms
17 bathrooms
$7,999,000
Horse barn
Bar
Billiards room
Indoor + outdoor pool
spa
indoor racquetball court
gym
massage room
barber shop
arcade
home theater
nightclub with bar
wine cellar
two 4-car garages…
Family Office Profile:
👨👩👧👦 The Family Office:
Location: Canada
Family office type: Virtual Faily Office (VFO)
Generations: 3
AUM: 8 figures
👔 The Principal:
“We operate in a lean fashion with me being responsible for the day-to-day management of the office including…
The world’s best airports for 2024
1. Doha Hamad Airport
2. Singapore Changi Airport
3. Seoul Incheon Airport
4. Tokyo Haneda Airport
5. Tokyo Narita Airport
6. Paris Charles de Gaulle Airport
7. Dubai Airport
8. Munich Airport
9. Zurich Airport
10. Istanbul Airport
11. Hong…
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