Family Office
Ownership of a private jet endorses super-rich status, but running costs might tip even the most cost-conscious owner into the ranks of the poor if they’re not careful.
Family offices are rotating out of cash and bonds, and are instead upping their investments in equities and real estate, according to research.
Family offices are being warned it is “risky” to ignore the introduction of the Foreign Account Tax Compliance Act next year.
Families are often tempted by the idea of teaming up to pool expertise, but the reality can be less enticing than it sounds.
The family office of the Crosslands – the entrepreneurs behind the Airtours and Going Places holiday operators – is set to begin offering its services to other families.
Forbes Family Trust and LGL Partners are formally teaming up in an “exclusive strategic and investment advisory partnership”, in a move that could signal a possible future merger of the two US-based multi family offices.
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