The Family Roundup #12

How much of your portfolio is allocated to sustainable investments? 39% of family offices say say less than 10%.

Source: Citi Private Bank Global Family Office Report 2023 

INSIGHTS

THE LAST-MOVER ADVANTAGE IN DIGITALISATION OF FAMILY OFFICES 

Family offices are experiencing a technological shift, with AI offering transformative potential. Excel’s limitations and early challenges have led to the opportunity for last-mover advantages in adopting mature solutions, bypassing initial hurdles and leveraging a more reliable system.  (Francois Botha for Forbes) 

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INSIGHTS

DOES MY FAMILY NEED A FAMILY OFFICE? 

Key considerations for those thinking about a family office, such as complexity, the optimal structure, and critical capabilities like governance, risk management, networking, philanthropy, and more. (William Blair) 

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REPORT

FAMILY OFFICE IMPACT INVESTING REVIEW 2023 

• Impact investing is used by family offices to align their investments with their values
• Trends include diversified portfolios, regulatory measures against greenwashing, and a focus on diversity and inclusion.
• Impact-oriented funds, institutional investors, banks, and foundations play significant roles in the impact investing landscape.
• Banks worldwide are expanding their sustainable investment offerings in response to client demand.
• Impact investing continues to mature and is central to family offices’ next-generation planning, fostering collaboration and aligning strategies with sustainability goals. (Simple) 

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INSIGHTS

HOW A GENERATIVE ALLIANCE CAN HELP DIFFERENT GENERATIONS STICK TOGETHER 

There is a need for “generative alliances” to preserve multi-generational family enterprises. This is a partnership between important non-family members that form the critical link between the family generations and the family, which must rebalance their focus towards family unity, proactively address generational transitions, and act as trusted advisors to adapt and seize opportunities within family governance. (Canadian Family Offices) 

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INSIGHTS

WHAT MAKES A FAMILY OFFICE SUCCESSFUL? 

Based on a study, findings suggest ten markers of a successful family office of the future, including being pioneers in sustainable investments, use of transformative technologies like AI, and collaborating with other family offices for access to new investment opportunities, resource sharing, and knowledge transfer. (FiNews) 

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