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From the wire

Wealth & Family Office News

Real articles from named mainstream outlets. Every headline links to the original story at its source — nothing here is written by this site.

Keep, rent, gift or sell? Second-home tax creates ripple effects in planning ↗

New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.

Estate & Tax Financial Planning · Aug 10

How to spot a client in crisis — and what to do next ↗

Building client trust is a top priority for an advisor. But when advisors spot potential mental health struggles in clients, what should they do?

Estate & Tax Financial Planning · Aug 10

When Family Is the Succession Plan ↗

How do you evolve from a familial relationship into true business partners before transitioning ownership?

Estate & Tax WealthManagement.com · Aug 10

‘This has been an emotionally difficult time’: My brother has cancer and my father is 94. How do I shoulder this responsibility? ↗

“My father placed his $600,000 Wisconsin home into a revocable trust, naming my brother as beneficiary.”

Estate & Tax MarketWatch · Aug 09

Great disappointment will follow the Great Wealth Transfer as baby boomers pass on just a fraction of their fortune to millennials and Gen Xers ↗

The good news for the younger generations is that boomers are already showering some of their money on their heirs.

Estate & Tax Fortune · Aug 08

Social Security’s funding crisis is the elephant in the room. But don’t ignore the mouse. ↗

No one knows what Congress will do if Social Security’s trust fund were actually to be depleted.

Estate & Tax MarketWatch · Aug 08

20% of Americans are already using AI for financial advice — another 70% don’t trust it ↗

The Gallup poll found a disconnect between the resources Americans trust for financial advice and the ones they actually rely on.

Estate & Tax Fortune · Aug 08

Aging Costs Are Eating into Family Wealth ↗

Unless legislative changes are made, heirs may not get their expected inheritances.

Estate & Tax WealthManagement.com · Aug 05

How big is the great wealth transfer? It could be over $100 trillion or $36 trillion ↗

Two studies have raised new questions about the size and impact of the coming great wealth transfer.

Estate & Tax CNBC · Jul 17

Family Offices

What Is a Family Office?Do You Need a Family Office?Single Family Office (SFO)Multi-Family Office (MFO)Micro Family OfficeWhat a Family Office CostsWhy Family Offices Exist

Build a Family Office

How to Build a Family Office From the Ground UpStep 3: The Organizational StructureStep 4: Internal vs. Outsourced (Build vs. Buy)The First 90 Days: Turning the Lights OnStep 1: Define the Family Office's PurposeStep 2: Inventory the Family's AssetsStep 5: Hire the Core Team

Investing

How Family Offices InvestDirect InvestingAsset Allocation for Family CapitalThe Investment Policy Statement (IPS)Liquidity, Concentration, and RiskPublic Markets: Equities and Fixed IncomeReal Estate in the Family Portfolio

Operations

Family Office AccountingFamily Office TechnologyFamily Office CybersecurityConsolidated Reporting: One True Net WorthBill Pay, AP, and Financial ControlsFamily Office Software, Category by CategoryBanking, Custody, and Treasury

Governance & Estate

Family GovernanceEstate Planning and Wealth TransferHow Family Offices Manage TaxPhilanthropy and the Family OfficeThe Family ConstitutionSuccession: The Office After the FounderPreparing the Next Generation

Industry

Careers in Family OfficesHow the Family Office Industry Is ChangingFamily Offices and Regulation

Roles & Staffing

Family Office Roles & Staffing, MappedFamily Office CEO / President / Managing DirectorChief Investment Officer (CIO)Portfolio Manager / Investment DirectorAsset Manager (Real Assets)Chief Financial Officer (CFO)Controller

Comparisons

Single vs. Multi-Family OfficeFamily Office vs. Wealth ManagerFamily Office vs. RIAFamily Office vs. Private BankFamily Office vs. Financial AdvisorFamily Office vs. Hedge FundFamily Office vs. Private Equity Firm