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September 02, 2010

Family Office News RSS

  • Inheriting Wisdom Founders Release Family Legacy Book   09/01/2010  

    Carolyn Friend and James Weiner, co-founders of Chicago-based consulting firm Inheriting Wisdom, have released a book coined The Legacy Conversation: the missing gem in wealth planning.

  • The Modern Day Single-Family Office   08/30/2010  

    Angelo Robles, founder of Family Office Association PAM: What are some of the main challenges single-family offices are dealing with currently?

  • Smith Barney’s Haack Joins Cornerstone Advisors   08/26/2010  

    Multi-family office Cornerstone Advisors, based in Bellevue, Washington, has tapped Doug Haack as chief client officer.

  • Highmount Capital Readies Switzerland Office   08/18/2010  

    Mutli-family office Highmount Capital is planning to open a Switzerland-based office to highlight its international presence. The MFO currently has offices in New York, Boston and Amsterdam.

  • Wealth Vets Pen Family Office Tome   08/16/2010  

    Wealth management heavyhitters Russ Alan Prince, president of Prince & Associates, Hannah Shaw Grove, a consultant to the ultra-wealthy, Keith Bloomfield, president and CEO of the Forbes Family Trust and Richard Flynn, head of the Rothstein Kass Family Office Group, have written “The Family Office – Advising the Financial Elite,” a guide to the family office industry including in-depth analysis of the trends and developments that are driving the rapid growth of the sector.

  • Silver Bridge Acquires West Coast Firm, Launches Boutique   07/26/2010  

    Boston-based Silver Bridge Advisors has acquired H&S Financial Advisors, a San-Francisco wealth advisory boutique, in an attempt to grow the firm’s business.

  • FOA Plots Fall Summit   07/22/2010  

    Family Office Association (FOA) is gearing up for its fall single-family office summit to be held on 4 Nov at the Greenwich Country Club.

  • Aspiriant Acquires Deloitte   07/21/2010  

    California-based multi-family office Aspiriant has acquired Deloitte Investment Advisors, the fee-only registered investment advisory group formerly owned by Deloitte Tax, a division of the global accountancy and advisory business, Deloitte.

  • Newly-Launched Greenway Family Office Plots Course   07/15/2010  

    St. Louis-based Greenway Family Office, launched in May by Joan Malloy, the former president of St. Louis Trust Company, is looking to expand its scope outside of St. Louis and is eyeing strategic clients on both coasts.

  • Families Seek Family Dynamics Services   06/01/2010  

    Wealthy clients are increasingly looking to their advisors and family offices for family dynamics services, or basing the investment approach on aspects of family member relationships, the personal knowledge of family, detailed understanding of all assets, and wealth education for children.

  • Braverman Launches Pathstone FO   06/01/2010  

    Steve Braverman, former president of the Investment Advisory Services unit for Harris myCFO, has officially launched Pathstone Family Office with former Harris myCFO colleague Allan Zachariah.

  • FWA: Firms To Capitalize On SFO Outsourcing   05/21/2010  

    Multi-family offices, investment firms and wealth management shops are poised to gain market share from single-family offices looking to outsource the role of chief investment officer, noted Tom Livergood, ceo of Family Wealth Alliance.

  • Malloy Launches Greenway Family Office   05/17/2010  

    Joan Malloy, the former president of St. Louis Trust Company, has launched Greenway Family Office, targeting wealthy families with $10-25 million in net worth.

  • Harris myCFO Bolsters Investment Advisory Team   05/12/2010  

    Harris myCFO has brought on Mark Castelin as a director and senior investment advisor in an attempt to bolster its investment advisory services team in Seattle and nation-wide.

  • London & Capital Grows FO Initiative   05/10/2010  

    London & Capital has brought on Armando Simões Silva as executive director, family offices, in an attempt to grow the firm’s business development efforts in Southern Europe.

  • Cole Leaves Wells Fargo   05/04/2010  

    Michael Cole, Wells Fargo Family Wealth unit’s executive v.p. and Western division leader, has left the firm to start his own venture.

  • Pitcairn: Communication Trumps Business Issues   05/03/2010  

    Dirk Jungé, chairman and ceo of multi-family office Pitcairn, said business succession and the shifting of control from multiple generations has more to do with family dynamics and less to do about business issues.

  • BBR Partners To Hold Client Symposium   04/30/2010  

    Multi-family office BBR Partners will host a client symposium and anniversary party on May 6 in honor of the firm’s 10-year anniversary.

  • Fidelity Launches SFO Reporting Program   04/20/2010  

    Fidelity Family Office Services has launched Fidelity WealthCentral, a reporting program designed for single-family offices.

  • Homrich Berg Expands FO Services   04/19/2010  

    Atlanta-based Homrich Berg, an independent wealth management firm, has expanded its team for its Homrich Berg Family Office Services unit.

  • FOA To Members: Guard Against Registration   04/15/2010  

    With single-family offices bracing for possible legislation to be passed in Congress that would force them to register with the Securities and Exchange Commission as a registered investment advisor, SFOs should take steps to secure and protect their private entities, said Angelo Robles, founder of Family Office Association.

  • Constellation Builds Out N.Y. Office   04/12/2010  

    Multi-family office Constellation Wealth Advisors is continuing to build out its New York hub.

  • Threshold Plans Ashbridge Transition   04/09/2010  

    Following the completion of Threshold Group’s acquisition of Ashbridge Investment Management, the firm is plotting to transition Ashbridge’s existing clients and has created a unified team to focus on logistics of service agreements and immediate service priorities of its clients.

  • Family Office Taps Into Gulf Region Wealth   03/25/2010  

    The Family Office Company, a Bahrain-based multi-family office, is targeting wealthy families in the Gulf region that have international family ties to other regions like the U.S. and Europe, said Abdulmohsin Al Omran, ceo and founder.

  • Advisors Institutional: MFOs Eye Trust Companies   03/22/2010  

    Marshfield, Mass.-based Advisors Institutional Services is seeing an increased interest from multi-family offices, as well as wealth advisors and law firms, to set up private label trust companies in-house.

  • Global Partnership Targets International Family Offices   03/19/2010  

    London-based Global Partnership of Family Offices, a networking organization dedicated to family offices, is targeting international families in the U.K., Middle East, Switzerland and Latin America by hosting monthly events focused on investing for family offices.

  • FO Advisor Network To Open Its Doors   03/17/2010  

    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.

  • BNY Adds Staff In Seattle, Boston   03/16/2010  

    BNY Mellon Wealth Management is continuing its expansion nationwide and has added to its offices in Seattle and Boston.

  • FOA Holds Private SFO Forums   03/16/2010  

    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.

  • Constellation Plots Growth On Both Coasts   03/09/2010  

    Constellation Wealth Advisors is in growth mode and is looking to bring on advisors in both its New York and Menlo Park, Calif., offices.

  • Simon-Kucher: Reevaluate Pricing Strats   03/08/2010  

    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.

  • Family Offices Eye Portfolio Administration   03/05/2010  

    Family offices are looking for the most efficient portfolio information systems in an attempt to reconcile asset holdings and measure the overall portfolio performance.

  • Geller CEO McLaughlin Exits After Six Months   03/02/2010  

    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.

  • Braverman Readies Family Office   02/11/2010  

    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.

  • Braverman Departs Harris myCFO   02/04/2010  

    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.

  • FOA Plots Growth Plan   02/02/2010  

    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.

  • Pitcairn Unveils New York Office   02/01/2010  

    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.

  • Multi-Family Firm Offers Equity For Biz Dev Chief   01/26/2010  

    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.

  • Truepoint: Roth IRA Still Beckon To Wealthy   01/25/2010  

    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.

  • “Hot Pocket” Family Office Launches Equity Fund   01/22/2010  

    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.

  • Family Offices Target Haiti Relief   01/21/2010  

    Family offices are ramping up philanthropic giving in the wake of the earthquake in Haiti this month.

  • Synovus Targets Illiquid Investments   01/20/2010  

    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.

  • Lowenhaupt Taps Institutional Consulting Firm   01/13/2010  

    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.

  • Threshold Eyes East Coast Acquisitions   12/16/2009  

    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.

  • Geller’s McLaughlin Plans Growth Strat For MFO   12/16/2009  

    Industry veteran Jamie McLaughlin made waves leaving Convergent Wealth Advisors to join Geller Family Office this fall.

  • Shelterwood’s Executive Team Joins Pitcairn   12/08/2009  

    Following multi-family office Shelterwood Financial Services’ split from the Huber family, the executive team led by Bill Rankin has joined MFO Pitcairn.

  • Asset Allocation Trumps Tax, Estate Planning   11/17/2009  

    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.

  • SFOs Worry About Sustaining Legacy   11/13/2009  

    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.

  • Rothstein Kass Sees Prime Generational Transfer Op   11/03/2009  

    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.

  • Wilmington Hones In On FO Clients   11/03/2009  

    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.

  • Pepper International Eyes Clean, Green Technology   10/21/2009  

    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.

  • Shelterwood Splits From Huber Corp.   10/19/2009  

    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.

  • Constellation FO Targets FIG Execs   10/16/2009  

    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.

  • Threshold, Ashbridge To Close Merger By Year-End   10/14/2009  

    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.

  • Antartica Principal Launches Family Office   10/14/2009  

    Ruth Idzig, formerly head of investor relations for London-based Antarctica Asset Management, has set up Relative Value Insight, a family office.

  • Winners’ Circle   10/07/2009  

    The Family Wealth Alliance’s Fall Forum culminated with an elegant awards dinner honoring top players in the family office space.

  • Industry To MFOs: Ready Next Advisor Generation   10/06/2009  

    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.

  • Hub: HNW Need To Bolster Travel Planning   10/05/2009  

    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.

  • SFOs Step Up Networking   10/02/2009  

    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.

  • GenSpring Looks South For Expansion   10/02/2009  

    GenSpring Family Offices has named David Neubert president of its Nashville operation.



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