The Family Roundup #14

At what age does the next generation make their first substantial investment? 

55% say between ages of 26-35. 

Source: Julius Baer-PwC Switzerland: Family Barometer 2023

INFOGRAPHIC

WHAT ARE 20 COMMON INVESTING MISTAKES? 

Expecting too much, not doing due diligence, no investment goals, and focusing only on short term are just some of the investment mistakes highlighted in this piece (Visual Capitalist)  

Read more 

REPORT

FAMILY BAROMETER 2023: JULIUS BAER & PWC SWITZERLAND 

Highlights include:  

• Top discussion topics – Family wealth-related topics beyond investments and collaboration with advisors, tax and regulations, governance, political stability and philanthropy. 
• Five steps to address complexity in global families, including selecting the right advisors. 
• Wealthy families keeping a strong eye on geopolitics, real estate and private direct investments. 
• A look into what the rising generation wants, and how succession is typically planned. 

Read more 

TRENDS

WHAT THE YOUNG, ULTRA WEALTHY EXPECT 

The growing number of young ultra-wealthy (66% of the market) desire hands-on involvement, highly coordinated financial services, and a ‘family office experience’. (Financial Advisor)  

Read more 

REPORT

FAMILY OFFICE SOFTWARE REVIEW 2023: FORBES  

Forbes has released their annual family office software roundup, highlighting new trends in the industry, such as more features, better integration, and more customisation – all underlined by a shared objective of incorporating AI in the future. It also names software providers from around the world and their key offerings. (Forbes)  * Asora is delighted to be included in this list 

Read more 

TRENDS

4 KEY FAMILY OFFICE TRENDS TO WATCH THIS FALL 

Industry experts highlight four main trends to look out for financial advisors – sudden wealth syndrome (especially in first-time family offices); support for buying, lending, appraising fine art; cybersecurity and compliance needs; and families working to invest together. (Financial Planning)  

Read more