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May Headlines

Business Owner Issues

• Selling the Family Business
• Family Business in Cyprus and Europe

Family Continuity & Governance

• Coping with Bereavement in a Family Business

Family Education

• Survey of Children Growing Up Wealthy

Family Office Practice Management

• Assessing Fractional Jet Ownership

International Trends

• Learning from Wealth Transfer in Asian Families

Investment Planning

• The Role of Asset-Liability Management in Private Banking
• Shedding Light on Private Equity
• Discussing Energy Infrastructure Investment

Lifestyle Management

• Guide to Destination Clubs

Managing Risk and Liability Exposure

• The Importance of D&O Liability Insurance

Strategic Philanthropy

• Global Giving Matters

 

Business Owner Issues

Selling the Family Business

• An article from Private Wealth Management discusses how to circumnavigate a variety of pitfalls that might occur when selling the family business, along with a description of the different phases of a deal. The first step in selling your business? Seek a good advisor.
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Family Business in Cyprus and Europe

• A report by PricewaterhouseCoopers presents the results of a survey, conducted in Cyprus, of family businesses as well as summary results of a European-wide survey. It aims to build awareness of issues faced by family businesses today and provide owners with useful peer group information in order to benchmark their own practices. Of general interest to family businesses in all countries.
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Family Continuity & Governance

Coping with Bereavement in a Family Business
An article in Family Business deals with the difficult issue of the loss of a family member, in the context of succession planning in a family business. Some strong family business leaders may delay succession planning because they cannot picture anyone else in their seat. But, argues the author, drawing on a recent book by Bonnie Brown Hartley, a number of practical questions should be asked to prepare entrepreneurial families for the aftermath of unexpected loss. Also includes thoughts on working through the grief process.

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Family Education

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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Family Office Practice Management

Assessing Fractional Jet Ownership
Family offices are increasingly selecting business aviation as their preferred air travel solution, and the choices available have never been greater. A paper by Bombardier Flexjet examines the pros and cons of fractional jet ownership. Includes a look at contractual agreements, cost categories and other issues to consider.

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International Trends

Learning from Wealth Transfer in Asian Families
A special report, produced by ABN AMRO Private Banking and INSEAD, examines the emotional aspects of wealth transfer and inheritance in Asian families. This study takes a detailed look at the views of more than 30 high net worth families from across Asia. A rare insight into inheritance and succession issues from a region renowned for the entrepreneurial wealth being generated by family businesses.

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Investment Planning

The Role of Asset-Liability Management in Private Banking
In terms of their approach to investment, wealthy individuals share certain characteristics with institutional investors. With this in mind, a paper drawn from EDHEC’s ALM and Asset Management research program and sponsored by Pictet & Cie, examines sources of value-added in private wealth management. Drawing on a number of practical illustrations, the authors argue that recent research in asset-liability management for institutional investors points the way for the design of a “truly client-driven” private banking service.

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Shedding Light on Private Equity
A white paper by Greycourt provides a primer on private equity. It summarizes the market opportunity, identifies key risks and outlines a strategy for investing in private equity sensibly and profitably.

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A paper by U.S. Trust examines the drivers of the private equity boom and considers what investors should expect this year. The authors predict continued strength in the sector, greater risk for investors and the possibility of a $50 billion deal in 2007.

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A special report, produced in cooperation with students from the Wharton Private Equity Club, highlights the ways in which private equity firms are working to source deals, set themselves apart in an auction process and ensure performance once the deal is done.

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Discussing Energy Infrastructure Investment
Accelerating demand and the depletion of natural resources will result in significant medium-term investment in the discovery, development and delivery of both traditional and new sources of energy. A detailed paper from U.S. Trust examines the impact on, and consequences for, energy infrastructure investment. The authors identify a number of ways to take advantage of these dynamics, including investment in individual companies and in portfolios of companies exposed to energy and natural resources.

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Lifestyle Management

Guide to Destination Clubs
A free guide to destination clubs, published by Helium Report, offers wide-ranging financial analysis, due diligence questions and recent developments in the industry. Also includes a number of destination club profiles.

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Managing Risk and Liability Exposure

The Importance of D&O Liability Insurance
In an increasingly litigious society, characterized by ever stricter corporate governance standards, there is a growing need for liability insurance for company directors. A paper by HUB International examines the different types of directors and officers insurance policies available, drawing on a number of case studies. Also includes reference to the private and non-profit sectors.

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Strategic Philanthropy

Global Giving Matters
The spring issue of Global Giving Matters takes a look at developments in the global philanthropic landscape. Includes a look at the efforts of five young philanthropists who are addressing issues of concern around the world, a global giving roundup and some useful resources and links.

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