Operations & Technology

Family Office Operations: How Much Can Be Automated With AI?

Jan 28 - Feb 01. 2019
The recent rise in artificial intelligence (AI) technology brings with it a promise of unparalleled automation and efficiency but will also reshape the global workforce. Highly structured and protocol-based jobs are the most vulnerable to automation. In other words, the more a job relies on data and rules the more likely it is that a robot will take over in the not so distant future, according to researchers at the Sloan School of Management at MIT and Carnegie Mellon.

Family Offices Face Growing Cybersecurity Risks

Dec 24 - 28. 2018
Despite the fact that family offices face increasing cybersecurity risks, many are not prepared. Citi Private Bank estimates that businesses across the world lost more $400 billion to digital attackers in 2016 alone. Nearly two-thirds had less than 1,000 employees. Family offices and small investment firms are particularly vulnerable, according to Edward Marshall, director of the Global Family Office Group at Citi Private Bank.

Family Offices Face Competition in the Hunt for Talent

Dec 10 - 14. 2018
As wealth continues to grow globally at a brisk pace, the hunt for qualified talent among family offices and the wealth management industry as a whole has intensified. Meanwhile, EY reports that the number of family offices has increased from just 1,000 in 2008 to more than 10,000 today.

Increasing Global Regs Mean Higher Compliance Costs for Family Offices

An increasing global regulatory burden is leading to higher compliance costs for some family offices. The cost of wealth management has been steadily rising over the past few years, as governments demand more transparency and tighter controls on the financial services industry. The wealth management industry faces a cost of £4.5 billion ($5.9 billion) in the U.K. alone, much of which can be attributed to complying with added regulations, according to the Wealth of Opportunities report published by the British Bankers’ Association and the Wealth Management Association. Research fr...

Indian Investment Landscape

Indian Investment Landscape

MarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.

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Tackling Cybersecurity Risks: Q&A with Andy Hart of Delegate Advisors

Sep 24 – 28. 2018
Family offices are particularly vulnerable to cyberattacks and the long list of cybersecurity threats they face continues to grow.In recent years, Andy Hart, Managing Partner of San Francisco-based Delegate Advisors, has become increasingly focused on the growing risk of cyberattacks and has bolstered cybersecurity at his multi-family office with sophisticated software and regular audits.

Family Office Structures: Single, Multi and Virtual

Jul 23 - 27. 2018
As wealthy families around the world increasingly turn to the family office model as a formalized approach to manage their wealth they are faced with which structure to choose.The number of family offices has quintupled from the depths of the financial crisis in 2008, according to the Family Office Exchange. Other estimates suggest the number has grown tenfold over the same period.

Family Offices Increasingly Eye Maturing Crypto Markets

A lot has changed since the original Bitcoin whitepaper was published in 2008. There are now more than 1,590 different cryptocurrencies and tokens with a combined value of $245 billion. Most of that market value accumulated over the past year, as cryptocurrencies hit the mainstream and turned hobbyists into millionaires seemingly overnight. Now there is growing interest from institutional investors in crypto tokens floating on the open market, the startups building businesses in this nascent field, and the technology underlying it all. Alongside hedge funds and venture capitalists, certain...