Source:  Campden Wealth North America Family Office Report 2023

 

INSIGHTS  

DON’T LET POOR DATA CLOUD YOUR INVESTMENT DECISIONS 

Family offices struggle with messy data and reliance on inflexible providers for investment reporting. The key to success involves setting clear data goals, understanding existing data and identifying gaps (if any), and considering technology upgrades. The ongoing process requires assessing data quality and adaptability as the business evolves. (Hall Road Services) 

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INSIGHTS 

THERE IS NO SUCH THING AS A FAMILY OFFICE  

The first part attempts to define what a family office and its purpose is. Describing family offices as a mindset and methodology; the rest of the article discusses why the family office “industry” fails to serve families effectively. 

The second part focuses on the reasons for problems faced by families by failing to view the family office as a methodology: Vendor/advisor scope creep, lack of project management skills in service providers, and lack of strategy and risk management. (Edward Marshall for Family Wealth Report) 

Part 1 / Part 2 

 

INSIGHTS 

HOW FAMILY OFFICES CAN MAXIMISE IMPACT 

Geopolitical conflicts, climate issues, energy usage, and the increasing wealth gap call for a shift from traditional wealth management. Simply preserving wealth isn’t enough – there’s also a need for a positive impact. This involves embracing purpose-driven investments, aligning philanthropy with investment strategies, and fostering intergenerational collaboration in decision-making. (Simple) 

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INSIGHTS 

QUESTIONS TO ASK WHEN RAISING CAPITAL FROM FAMILY OFFICES 

Questions should address the type of family office, key decision-makers, and the office’s connection to the source of wealth. Consideration of the managing generation, desired returns, and the family office’s approach to working with their portfolios is essential. Asking about the current portfolio, typical investment size, decision process, and involvement with companies is advised. (Sifted) 

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CASE STUDY

ASORA x K. E. SKYE

This month, we’re sharing a new case study with K. E. Skye. This Thai family office was looking for an efficient way to track their portfolios across different asset classes. They also wanted to reduce the time spent organising performance data and monitoring their portfolios. 

Asora’s database function made it easy for them to collate and store information. The transfer of private asset data was made easy with Excel templates.  

Result: Asora has helped them save up to 60% of their time gathering and reconciling quarterly performance data. 

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