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Utah-based recruiter for the multi-family office industry Al Gregory is preparing to launch Front Tier Advisors Network, which will focus on connecting family office experts with other advisors looking for niche services.
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BNY Mellon Wealth Management is continuing its expansion nationwide and has added to its offices in Seattle and Boston.
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Family Office Association is launching peer-to-peer networking sessions exclusively for family office principles and single-family office family members, said Angelo Robles, founder.
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Constellation Wealth Advisors is in growth mode and is looking to bring on advisors in both its New York and Menlo Park, Calif., offices.
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Jens Baumgarten, head of private banking, North America at Simon-Kucher & Partners, is urging family offices and wealth management advisors to reevaluate client fees during a time when many clients want to lower costs.
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Family offices are looking for the most efficient portfolio information systems in an attempt to reconcile asset holdings and measure the overall portfolio performance.
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Industry veteran Jamie McLaughlin, who was named to the newly created post of ceo of Geller Family Office Services in the fall, has left the firm.
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Steve Braverman, the former president of the Investment Advisory Services unit for Harris myCFO, who left the post last week, is preparing to launch a multi-family office dubbed Pathstone Family Office.
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Steve Braverman, president of the Investment Advisory Services unit for Harris myCFO, has left to start up his own business venture, according to Jim Kappel, spokesman.
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Greenwich, Conn.-based Family Office Association, a membership firm that focuses solely on the ultra-high-net-families and single-family offices, has brought on roughly 50 SFO members last year and hopes to double its membership by year-end.
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Multi-family office Pitcairn has launched its first New York office. The move comes following the firm bringing on Shelterwood Financial Services’ executive team, led by Bill Rankin and Alan Houghton.
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IDS Capital, a $50 million Geneva-based multi-family office specializing in hedge fund investments, is looking to hire a new partner to mastermind its business development activities – and is offering up equity as an incentive.
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Many high-net-worth individuals are still considering the Roth IRA conversion, and it appears to still be a favorable time to convert, noted Scott Barbee, senior manager with Cincinnati-based multi-family office Truepoint Capital.
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Falcon Investment Management, the hedge fund arm of the Merage family office— founders of Chef America, which invented Hot Pockets—has launched a long/short equity hedge fund. Portfolio Manager Richard Merage oversees the Falcon Consumer Fund, a long/short strategy, which currently manages $119 million of the Merage’s wealth.
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Family offices are ramping up philanthropic giving in the wake of the earthquake in Haiti this month.
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After steering clients clear of illiquid investments for the last two years, Synovus Family Asset Management has decided to carve out an illiquid investments allocation of 5% or more.
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Multi-family office Lowenhaupt Global Advisors is building out its due diligence infrastructure for its ultra-wealthy international family clients who are looking for access to institutional managers.
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Multi-family office Threshold Group will seek acquisitions in a bid to expand its national footprint as soon as it finalizes its merger with Philadelphia-based Ashbridge Investment Management.
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Industry veteran Jamie McLaughlin made waves leaving Convergent Wealth Advisors to join Geller Family Office this fall.
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Following multi-family office Shelterwood Financial Services’ split from the Huber family, the executive team led by Bill Rankin has joined MFO Pitcairn.
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High-net-worth investors, particularly those within single-family offices, tend to neglect tax, trust and estate planning and not review them as often as asset allocation, according to a panel at this month’s Family Office Association’s Fall Summit.
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Single-family offices are overwhelmingly concerned with sustaining their family’s legacy and passing down money to future generations, according to speakers at the Family Office Association’s Fall Global Summit this month.
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It is a good time for high-net-worth clients to move assets to the next generation through 2010, as interest rates have been historically low, Alan Kufeld, principal at Rothstein Kass Family Office Group told PAM.
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Wilmington Trust is increasing its focus on catering to family office clients, many of whom have single-family offices, and is looking to target clients in this niche with $150 million and above in assets, said Roger Hobby, president for Wilmington Trust, New England.
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New York-based Pepper International, which services four families that each have an excess of $100 million in assets, is eyeing socially responsible investments, particularly in clean and green technology.
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Multi-family office Shelterwood Financial Services has broken away from the Huber family after the family decided to exit the multi-family office business and instead run its own single-family office.
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New York and Menlo Park, Calif.-based Constellation Wealth Advisors is actively targeting family clients that are industry executives, namely hedge fund managers, private equity professionals and venture capitalists, among others.
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Ed Lazar, president of Gig Harbor, Wash.-based multi-family office Threshold Group said his firm hopes to finalize its merger with Philadelphia-based Ashbridge Investment Management by year-end.
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Ruth Idzig, formerly head of investor relations for London-based Antarctica Asset Management, has set up Relative Value Insight, a family office.
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The Family Wealth Alliance’s Fall Forum culminated with an elegant awards dinner honoring top players in the family office space.
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Multi-family offices should begin the process of identifying and mentoring potential advisors in their twenties and thirties, panelists at The Family Wealth Alliance’s Fall Forum agreed.
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High-net-worth individuals who are looking to travel to remote locations, particularly for philanthropic trips, need to have proper planning as a way to decrease their personal vulnerability, according to a recent white paper by Hub International presented at The Family Wealth Alliance’s Fall Forum.
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Single-family offices are increasingly willing to network with their peers, opening opportunities for MFOs to facilitate the networking and impart their own advice and potentially gain clients.
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GenSpring Family Offices has named David Neubert president of its Nashville operation.
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In the midst of last year’s economic upheaval, 82.2% of single-family offices have reviewed their investment practices, and 47.7% made changes.
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Multi-family offices have only experienced a moderate loss of client assets in the past year, according to the Family Wealth Alliance’s sixth annual Multifamily Office Study that was unveiled Thursday at the firm’s Fall Forum in Chicago.
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Glenmede, the Philadelphia-based wealth manager, plans to set up shop in New York, and has lured Glenn Switzer, former managing director of investments at US Trust, to run the new operation.
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GenSpring Family Offices has launched a Family Business Center for its ultra-high-net-worth families who own and operate businesses in Orlando, Fla.
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High-net-worth individuals are currently looking to capitalize on lower interest rates, depressed asset valuations and the uncertainty surrounding potential legislative efforts by the government, which could curtail or eliminate the benefits of existing estate planning tactics going forward, according to Rothstein Kass.
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California-based multi-family office Aspiriant is eyeing opportunities to partner with other family offices in an attempt to grow its client base and its geographical presence.
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Convergent Wealth Advisors managing director Jamie McLaughlin is leaving the firm today and will join MFO Geller Family Office Services on Monday in a newly-created ceo position.
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Tom Kochis, ceo of California multi-family office Aspiriant, is stepping down effective Nov. 1, according to an internal memo obtained by PAM.
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Multi-family office Harris myCFO will soon launch a Scottsdale, Ariz., office, in order to bolster its Southwest presence.
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Family Office Association, a membership firm that focuses solely on the ultra-high-net-families and single-family offices, has created a chairman’s committee, following its creation of its board of directors in an effort to spearhead growth for the firm, said Angelo Robles, founder.
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Leawood, Kansas, multi-family office Stratus Group will make its foray into managing assets by year end, according to partner Courtney Jones.
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Dallas asset manager Tolleson Wealth Management is in the process of acquiring Dallas multi-family office Quintessence Group.
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Orlando-based multi-family office RWE Private Wealth has opened its doors, aiming to bring in Florida families with $5-50 million in assets.
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New York-based Gordon Family Office will launch a fund of mutual funds later this year.
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Tax consultancy Eisner & Lubin has hired partner Raymond Russolillo to launch a family office advisory group dubbed Eisner & Lubin Family Wealth Services.
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The Family Wealth Alliance is readying Alliance University, the first-ever accreditation program for family office relationship managers, and has picked its initial curriculum, faculty and tuition.
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Family Office Association, a membership firm that focuses solely on the ultra-high-net-families and single-family offices, has created a board of directors in an attempt to grow and bring on international clients.
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Multi-family office Pitcairn is urging clients to use asset protection strategies now more than ever during the recession.
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Madrid family office Omega Capital has launched a fund of funds, Turaco Purest Alpha Fund through its investment subsidiary, London-based Omega Asset Management.
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Kelleher Family Wealth Management, the private wealth unit of Wall Street Access that caters to high-net-worth families, has launched a New York office and brought on James Pritchard as branch manager to head the effort.
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GenSpring Family Offices has hired Bruce Paulson as director in an effort to serve the firm’s ultra-high-net-worth families in Minneapolis and lead the firm’s Midwest expansion push.
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St. Louis-based multi-family office Lowenhaupt Global Advisors has launched a Family Office Advisory Services unit, which will focus on building relationships with single-family offices throughout the country, said Charles Lowenhaupt, ceo.
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Gig Harbor, Wash.-based multi-family office Threshold Group is readying its launch of a client advisory community, which is designed to engage clients in discussions of services and offerings they want the MFO to deliver.
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Family offices, both multi-family and single-family, are increasingly looking to hire hedge fund professionals to senior roles, particularly cio positions, said Greg Coules, senior consultant of New York-based executive search firm Hunter Advisors.
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Family offices are increasingly shying away from risky investments such as hedge funds, private equity and private real estate and focusing more on inflation protection through investments like Treasury Inflation Protected Securities (TIPS) in the wake of the recession, according to Rick Pitcairn, cio of multi-family office Pitcairn.
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GenSpring Family Offices is recommending staying fairly underweight for equities by using long/short equity strategies, according to Brent Fykes, director of portfolio implementation.