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Family Office

March 7, 2016

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

Robert Allen Haveman was charged with two felonies at the US District Court in Grand Rapids and faces a 20-year sentence on the fraud charge and 10 years for the money laundering charge.

Haveman, who had worked for EDP since 1999, has signed a plea agreement to plead guilty to the charges.

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

February 18, 2016

US wealth manager Abbot Downing has established a new business strategy to better focus on single family office clients, with its president stating that more investment entities are transitioning into family offices in the face of increasing regulation.

US wealth manager Abbot Downing has established a new business strategy to better focus on single family office clients, with its president stating that more investment entities are transitioning into family offices in the face of increasing regulation.

The group announced last month that it would be appointing Joe Freeman its new head of family office services. The platform would facilitate access to products and services provided by Abbot Downing’s parent company Wells Fargo.

February 11, 2016

Impact investing is at a stage where family offices can get involved without having to chart unknown territory, according to a new appointment at Trusted Family, who previously worked for LGT Venture Philanthropy.

Impact investing is at a stage where family offices can get involved without having to chart unknown territory, according to a new appointment at Trusted Family, who previously worked for LGT Venture Philanthropy.

Wolfgang Hafenmayer became the new head of impact advisory at Trusted Family in January, and will be responsible for expanding societal impact solutions for business-owning families that are part of the online network.

January 21, 2016

While many were thinking of resolutions at the New Year, we asked a series of family office and financial services professionals from around the globe to instead consider what they saw as the biggest challenges and opportunities in the year ahead for the investment division of single family offices.

While many were thinking of resolutions at the New Year, we asked a series of family office and financial services professionals from around the globe to instead consider what they saw as the biggest challenges and opportunities in the year ahead for the investment division of single family offices.

January 19, 2016

The next generation has hooked onto impact investing like no other – so what do family offices managing multigenerational wealth need to know?

Impact investing isn’t only for the softhearted. In the past year alone, BlackRock launched new business unit BlackRock Impact, Goldman Sachs bought impact advisory firm Imprint, and former Massachusetts governor Deval Patrick now heads up Bain & Capital’s impact fund. “Some of the most celebrated and followed world-class investors have jumped into impact investing in the last year,” says Jean Case, AOL Inc entrepreneur and CEO at the Case Foundation.

January 18, 2016

The US’s Financial Crimes Enforcement Network has announced it will be investigating the individuals behind secretive all-cash purchases of high-end luxury real-estate in a six-month trial programme intended to enhance the treasury’s anti-money laundering efforts. 

The US’s Financial Crimes Enforcement Network has announced it will be investigating the individuals behind secretive all-cash purchases of high-end luxury real estate in a six-month trial programme intended to enhance the treasury’s anti-money laundering efforts.

January 7, 2016

French family office Groupe Arnault and the eponymous family’s luxury fashion empire LVMH are joining forces with US-based private equity firm Catterton to launch a new global consumer-focused investment firm, L Catterton. 

French family office Groupe Arnault and the eponymous family’s luxury fashion empire LVMH are joining forces with US-based private equity firm Catterton to launch a new global consumer-focused investment firm, L Catterton.

With six distinct fund strategies and expectations to have $12 billion worth of assets under its management once the transaction has been finalised, L Catterton is set to become the largest consumer-focused firm of its kind.

December 23, 2015

Peer-to-peer lending, family offices dialling up on risk, and big bets on gold– these were just some of the themes that kept CampdenFB readers hooked during 2015. What were the most read news stories on CampdenFB in 2015? The results may surprise you.

Peer-to-peer lending, family offices dialling up on risk, and big bets on gold– these were just some of the themes that kept CampdenFB readers hooked during 2015. What were the most read news stories on CampdenFB in 2015? The results may surprise you.

1) Luxembourg based family office launched P2P-focused asset manager

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