Family Office Trends During the Pandemic

Through this pandemic, we've observed many new trends in the Family Office space and believe the shifts are creating an opportune time to utilize our Family Office platform. 

Many Family Offices are taking time to conduct due diligence into alternative investment strategies they had previously overlooked. Family Offices continue to seek out the most credible and committed teams, who have a clear focus and value-add strategy unique from competitors. Here are some key takeaways from the trends we are seeing:

1. Crisis Leads to Industry Transformation – Every chaos creates opportunity and entrepreneurs must know how to effectively solve, scale and monetize their business while being quick to adapt. Companies with innovative ideas in areas such as robotics, artificial intelligence, contact tracing, virtual reality and food delivery are proving transformational. Family Offices are looking to partner is these opportunistic industries right now. 
2. New Technologies Will Benefit in a Post-COVID 19 Era – Today's health, travel and employment crisis will lead to more widespread adoption of new technologies since we have more time to experiment and become early adopters while spending time at home. In particular, opportunities that focus on consumer technology and global human needs are significant. This crisis will provide a correction that produces new unicorns & Family Offices are optimistically seeking these partnerships. 
3. A Huge Shift in Consumer Behaviour is Evident – Today's pandemic has led to fundamental changes in human behaviour that are likely here to stay. For example, the push for a cashless economy had faced slow adoption from citizens but is now is embraced as the preferred way to do business due to current health concerns. Virtual relationships are a must and platforms like ours that accelerate virtual outreach are critical. 
4. Family Offices Must Take Responsibility – Family offices are often conservative are moving away from traditional investments such as real estate into new areas such as technology while at the same time working to minimize risk. Many are combining small investments to test the waters with more significant stakes. There is capital to be deployed and it's the job of many of the Family Offices to identify the best vehicles.

Many Family Office investors are in research mode to determine who they can trust, how to invest during this quarter and throughout the rest of this year. Many are using the pause to identify new portfolio strategies. If you have an opportunity, now is the time to act. 

To help you in these unprecedented times, we are extending a chance to SAVE $200! Message Danielle Patterson for details on how to save.