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risk management

Market insight: Uncalculated risk—Mental health management

April 10, 2018

Wealthy families spend significant sums monitoring and managing financial, operational, and other risks, yet mental health issues are equally as dangerous when they affect key family members or principals.

“Rags to riches and back again in three generations.” We’ve heard it more times than we can count, but the sad truth is, the old adage is true far too often. Great wealth is earned by the hard-working first generation, only to disappear by the third.

Unexplained Wealth Orders: Getting caught in the crossfire

February 22, 2018

In January, new powers designed to help UK law enforcement act on corrupt assets came into force. Jonathan Fisher QC, a barrister specialising in financial crime and founder of Bright Line Law firm, lays out Unexplained Wealth Orders and how family office investors can avoid getting caught in the crossfire.

Investors must be careful not to get caught in the crossfire between Government enforcement authorities and criminals investing the fruits of their criminal activities.

Risk management lacking in US family businesses

January 22, 2015

More than two-thirds of family businesses in the US have failed to implement formal risk management procedures, despite the majority recognising that threat identification is a top priority, new research has revealed.

Family Enterprise Risk Index 2015, published by strategic risk and insurance advisor Crystal & Company, found that 66% of respondents believed that risk management was a top strategic objective, but found only 30% had implemented formal processes.

Risky families

August 21, 2012

In these less than certain times, getting risk management right is harder than ever. Campden looks at the challenges family offices face.

Ask any family office about risk management today and you’re likely to get a completely different answer than what you would have back in the halcyon days before the credit crisis.

The new world of risk management: Best practices for family offices

January 13, 2012

Following the financial crisis, families tend to want more insight into investments, risk control and performance attribution. To explore how family office clients' mix wariness and desire for reasonable returns, Advent Software has released a white paper on the world of risk management.

Following the financial crisis, families tend to want more insight into investments, risk control and performance attribution. Furthermore, there are increased regulatory concerns about investor protection and calls for greater transparency. This is putting pressure on firms to up their game when it comes to the quality and type of services they provide to clients.

In particular, many firms recognise the need for more efficient and comprehensive risk management and reporting to meet the more stringent requirements of families today.

Nixon: bigger changes ahead

June 3, 2009

This year, for SFOs Europe-wide, it’s a question of risk management and cash alternatives, says Merrill Lynch’s Mark Nixon in this exclusive interview with Bruce Love.

This year, for SFOs Europe-wide, it's a question of risk management and cash alternatives, says Merrill Lynch's Mark Nixon in this exclusive interview with Bruce Love.

Danger: high risk area

June 3, 2009

Last year was the year that diversification didn’t work. For many family offices, diversification was the cornerstone of their risk management approach. In light of the new investing environment, are family offices changing the way they approach risk management?

Last year was the year that diversification didn't work. Traditional investment theory was turned on its head as the majority of asset classes fell in unison. For many family offices, diversification was the cornerstone of their risk management approach and few succeeded in their key goal – the preservation of capital. In light of the new investing environment, are family offices changing the way they approach risk management?

Technology priorities for family offices

March 26, 2009

There are several key themes that family offices are wrestling with at present as they face up to this period of extreme market turmoil and uncertainty. Risk though is proving to be an area of particular focus.

This final article in a series of six is written by Mats Berggren, Director of Sales, Advent Software EMEA.

There are several key themes that family offices are wrestling with at present as they face up to this period of extreme market turmoil and uncertainty. Risk though is proving to be an area of particular focus.

Risk management: global risks

November 1, 2008

Thierry Malleret begins our special report on risk management by looking at the global risks facing family businesses today

Global risks are today's risks. They are an integral part of a world characterised by ever greater complexity and accelerating change, and they are becoming more relevant and pervasive than ever.

Businesses cope well with those kinds of "familiar" business risks traditionally within the canvas of the firm (eg, project risks, competitive risks, industry risks, currency risks), but often find themselves far less well equipped to deal with a set of new, less familiar, potentially more dangerous, global risks.

AON warns that families are in jeopardy from poor risk management

April 4, 2008

Poor risk management is putting many wealthy families in jeopardy of a host of dangers, including legal action, theft and even kidnapping, according to Harry Dawe-Lane, newly appointed Aon ultra high net worth advisor.

Poor risk management is putting many wealthy families in jeopardy of a host of dangers, including legal action, theft and even kidnapping, according to Harry Dawe-Lane (pictured), newly-appointed Aon ultra high net worth advisor.

Dawe-Lane, who joins Aon Private Risk Management to advise family offices around the globe, says as families get richer and their tangible asset bases grow, protecting these assets and liabilities through sophisticated risk management strategies becomes increasingly important.