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August Headlines
Business Owner Issues
Family Education
Integrated Planning
Investment Planning
Lifestyle Management
Risk Management
Strategic Philanthropy
Technology Trends
Business Owner Issues
Family Firms and Chief Emotional Officers
An article published in Knowledge@Wharton discusses the importance of the informal role of chief emotional officer in a family business. Nearly all family businesses have an individual who provides emotional support and ensures family cohesion and direction. However, the authors warn that the chief emotional officer job can be stressful and go unrecognized. It also can fall dangerously by the wayside as businesses are passed on to succeeding generations.
Family Education
Dealing with Alcohol and Drug Addiction
A paper by William Messinger and Terry Hunt discusses the impact of addiction on wealthy individuals and their financial advisors. The authors explore how to recognize the signs of addiction, seek competent assistance and support recovery, including what works for improved treatment outcomes. Of interest to advisors and wealthy families alike.
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Survey of Children Growing Up Wealthy
Worried about the moral fiber of today’s young and wealthy? Then prepare to be surprised. A survey by PNC Wealth Management indicates children of wealth enjoy a culture that is privileged yet more responsible, hard-working and ambitious than popular stereotypes might suggest.
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Integrated Planning
Untapped Potential of Insurance
Most affluent families own life insurance, but many fail to leverage its full investment capacity, according to Nease, Lagana, Eden & Culley, which assisted Family Office Exchange with a survey of insurance use by family offices.
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‘Exit Tax’ Moving through Congress
Baker & McKenzie provides an update on a House bill that includes an “exit tax” requiring expatriates to recognize gains on their assets, as well as other onerous taxes, as an addition to the current expatriation tax rules.
- Read the article
- Read the full text of H.R. 3056, “The Tax Collection Responsibility Act of 2007"
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Investment Planning
Investment Perspectives
A series of articles from iShares discuss various topics of interest to wealthy investors:
- The first discusses methods of ensuring an investor’s portfolio is aligned with his or her needs and attitudes toward risk.
Read the article
- The second takes a look at the value inside multi-sector fixed income, examining the evolution of the market and innovations in investing.
Read the article
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Back to the Future
The chief executive of RAB Capital examines the current investment landscape and finds similarities with the 19th century.
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‘We’re in a Commodities Supercycle’
In a rare interview with MoneyWeek magazine, one of the world’s most successful hedge fund managers makes the case for a prolonged bull market in commodities markets.
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A New Kind of Hedge Fund
Hedge fund replication strategies promise to deliver the powerful investment characteristics of hedge funds at a much lower cost and with additional liquidity and transparency, say the authors of an article in the Journal of Indexes.
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Lifestyle Management
Lifestyle Services
An article in Private Wealth by Teresa Leigh, a family wealth manager, outlines strategies to avoid the pitfalls in seeking the perfect residential employee. The goal: to help families find a highly skilled and well liked employee who will make an easy transition into the home.
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A Guide to the Best Cancer Treatment
Thanks to advances in medicine, cancer is not the death sentence it once was. This guide from PinnacleCare is filled with information and resources to help anyone facing cancer navigate the healthcare system to get the best possible treatment outcomes.
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Risk Management
Hurricane Risk Management Checklist
With hurricane season upon us, now is a good time to take preventive measures to minimize damage to property and other valuable possessions. This checklist from HUB International is intended to be a diagnostic tool to help ensure the safety of individuals and their belongings.
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Strategic Philanthropy
Million Dollar Man
Meet the hard-nosed capitalist who has just given half of his multimillion-dollar salary to charity. The Sunday Times reports on hedge fund manager Philip Richards and new philanthropy among the super-rich.
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Technology Trends
Authentic or Not?
With financial losses or identity theft just a mouse click away, computer users are wise to exercise caution when visiting sites online. In a new phishing quiz, McAfee tests consumers’ awareness of the deceptive practices of online scammers.
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