The Family Office Roundup #28

CASE STUDY 

This month, we’re sharing a new case study with Omnia Capital Partners. This Australian multi family office needed a comprehensive multi-asset, multi-currency reporting solution. They also wanted to be able to share documents securely and track who downloads them.    

Asora’s offers their clients a single source of truth with reporting on demand. Along with their wealth data, Asora also provides a single secure location for all the family’s documents through an encrypted vault. 

Result: They’ve reduced files being sent through email by over 50%, with a target to get that close to zero. 

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REPORT 

DELOITTE: TOP 10 FAMILY OFFICE TRENDS REPORT 2024 

Highlights include: 

• Top three investment priorities globally include seeking new investment opportunities (61%), diversifying portfolio (53%), mitigating inflation risk and pursuing more direct investments (33% each). 
• Family offices aim to increase their private equity investments more than any other asset class in 2024. 
• 34% family offices plan to increase outsourcing services to third parties. 
• 43% of family offices are developing or rolling out a technology strategy this year. 

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REPORT 

UBS: GLOBAL FAMILY OFFICE REPORT 2024 

Highlights include: 

• Fixed income allocation reaches new high in 2023 (16%). 
• Geopolitical conflicts remain a top concern both in next 12 months (58%) and next 5 years (62%). 
• Top area of focus for in-house investment professionals is equities (78%). 
• When it comes to risks, family offices are covering financial risks (59%), cybersecurity risks (40%), economic risks (40%), and family succession risks (35%). 

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INSIGHTS 

HOW CAN FAMILY OFFICES PREPARE THE NEXT GEN 

The next generation, primarily Millennials and Gen Z, are poised to inherit and manage family wealth and offices. Unlike previous generations, they emphasise technology, global perspectives, and social impact investing. The article covers family offices can prepare and engage the next generation of leaders. (Paul Westall for Forbes) 

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INSIGHTS 

NEW GEN OF ENTREPRENEURS FUELS BOOM IN AUSTRALIAN FOs 

The Australian family office market has rapidly expanded and shifted from conservative investments to active strategies. Despite challenges in governance and cybersecurity, the sector is set to remain vibrant, driven by younger generations seeking more active engagement in investments. (Nic Fildes for Financial Times) 

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