The Family Roundup #10

51% of surveyed family offices reported increase in fixed income allocations.

Source: Citi Private Bank Global Family Office Report 2023 

INSIGHTS

CITI PRIVATE BANK: GLOBAL FAMILY OFFICE REPORT 2023

The report highlights an increased allocation to fixed income (51% of those surveyed) and private equity (38% of those surveyed), continued focus on direct investments (80% of those surveyed still engaged), and optimism about their portfolios in the future, and more. (Citi Private Bank) 

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TRENDS

WHY FAMILY OFFICES ARE RETHINKING THEIR ASSET MIX

Family offices and HNWIs are shifting their investment focus towards defensive income, prompted by changing economic factors and concerns about liquidity. Due to challenges such as aging demographics, rising debt levels, and shifting economic dynamics, they are exploring options like term deposit ladders, adding unlisted bonds with short call or maturity dates to holdings, and learning about ASX-listed ETFs and unlisted credit funds that can perform in the higher-for-long bond yield environment. (Australian Financial Review)

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INSIGHTS

“THE HITCHHIKER’S GUIDE TO THE GALAXY” APPLIED TO FAMILY OFFICES

This article draws parallels between “The Hitchhiker’s Guide to the Galaxy” and practical advice for family offices. It presents 12 creative ideas and insights inspired by the series to help family offices navigate challenges and uncertainties in their financial strategies and operations, such as embracing digital transformation and integrating the next generation into the family office structure. (Francois Botha for Forbes) 

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INSIGHTS

HOW NEW WEALTH, FEW RULES FUEL FAMILY OFFICE BOOM

The article delves into family offices as lightly regulated entities that handle substantial wealth for affluent families. It notes how they have transformed into highly skilled investment firms, frequently operating discreetly, while also drawing talent from the financial industry and providing services extending beyond traditional wealth management. (Bloomberg)

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OPINION 

HOW TO USE DESIGN THINKING IN SUCCESSION PLANNING

The blog post explores the utilisation of design thinking principles such as the Stanford Design Thinking process and the 4D Diagram by the British Design Council in succession planning, emphasising a user-centric approach for effective leadership transitions within organisations, offering insights and steps for its implementation. (Octavian Pilati)  

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