Mr Family Office

Sayonara 2024. What a year! It was the year family offices emerged from the shadows. And it's been a formative and productive for Mr Family Office. A rebrand. A new weekly news roundup mailer. Two new monthly newsletters on careers and deals. And some good stats: +50M social media impressions and +5,000 newsletter subscribers! Thank you for the support and continued interest - bigger things to come in 2025! If you missed Friday's full summary of the year, read it here: https://lnkd.in/dRWFHtTB #familyoffice #wealthmanagement #investments #goodbye2024

The fake family office that catfished London’s VC community. What successful founders have in common. A new global family office deals study. How to prevent a Murdoch succession drama. The “A billion… or whatever you recommend” investment approach. This and more - all in the Family Office Buzz mailer that's just gone out to +5,000 family office community subscribers. Subscribe (for free) here... https://lnkd.in/dPsnUYCk

Citizenship has transitioned from a simple legal status - granted at birth or through immigration processes - to something worth investing in and diversifying. Don't miss today's newsletter, all about citizenship as an asset. It highlights 14 of the most popular and accessible citizenship by investment programs. All of which are accessible via the innovative Swiss-based citizenship platform, CitizenX. Partnership: Mr Family Office has secured a unique VIP signup gift worth +$1,500 for our subscribers - simply select 'Mr Family Office' when asked how you found CitizenX. https://lnkd.in/dZXwhrwC

Mr Family Office - you've done it again, writing an article that is directly aligned with our business model at Parere Advisory! 1. Employ all-rounders (more specifically, experienced family office generalists that have had to wear all the hats and solve all the problems) 2. Outsource (there has been tremendous growth in dedicated service providers and tech solutions in the UHNW and FO environment) 3. Hire fractional experts (a niche skill set is required, but on a project basis for a finite time horizon) #FamilyOffice #PersonalServices #UHNW

Billionaires and their families. "Our family is very mindful of the risks associated with wealth and we proactively address them as much as possible... No family can guarantee success, but we do believe they can guarantee failure by ignoring the risks and being in denial mode.” - US billionaire 83% of surveyed billionaires are proud of the legacy they've built for their families. 38% say family members have new and innovative ideas for wealth management. 30% report family members wanting involvement in day-to-day wealth management. 30% find managing family expectations about wealth challenging. 29% worry about entitlement among family members who haven’t earned their wealth. UBS WEALTH - Billionaires Survey 2024

Millionaires are on the move. As they come under fire from bust or hostile governments, they are moving tax residency. Many wealthy individuals are taking the ultimate defensive step and securing multiple citizenships. With the right contacts, commitments and investment, citizenship can be bought - and it's an increasingly valuable asset. More on this in Friday' newsletter.

Whether it’s a job interview or a pitch - here are 10 questions to ask family offices: 1. What does the current portfolio look like? 2. What is a successful investment? 3. How do you decide between direct investments and fund allocations? 4. Are there any non-financial goals or values (ESG, impact investing, etc.) that guide investment decisions? 5. How do you approach risk management? 6. What’s your typical investment process? 7. What’s your normal ticket size? 8. What role do the family members take in the family office? 9. How hands-on are you with the companies you invest in? 10. What’s your average holding period? #familyoffice #wealthmanagement #UHNWI

Horrible boss? Our family office jobs newsletter for December is out. Incredible jobs. Also some outstanding candidates. Plus an insight on the effect of the Great Wealth Transfer on hiring via Brian C. Adams. https://lnkd.in/dAqE3CUJ

Turns out irrevocable trusts are, well, irrevocable. Rupert Murdoch, 93, sought to amend his irrevocable trust to grant his eldest son, Lachlan Murdoch, control over the family’s media assets, including Fox News and News Corp, upon his death Murdoch fears his other children would take his media empire to the left. The existing trust allocates equal voting rights to four of Murdoch’s children—Prudence, Elisabeth, Lachlan, and James—ensuring shared control after his passing. The proposed amendment faced opposition from Prudence, Elisabeth, and James, who argued it would disproportionately empower Lachlan and potentially marginalize their influence. A Nevada probate commissioner ruled against Murdoch’s request, stating that he and Lachlan acted in “bad faith” and described the effort as a “carefully crafted charade” to cement Lachlan’s control. Prudence, Elisabeth and James have expressed a hope for reconciliation. Rupert plans to appeal.

They control Ferrari & The Economist - a look at one of the world’s largest family businesses. The shocking % of Boomers that plan to share their wealth while alive. Ray Dalio develops a course for family office investors. A new approach to squeeze out fake family offices. Why family offices are risk magnets. Family Office Buzz hitting your inbox soon! News and insights from AYU, Quartr, Presage Global and more.