Despite HNW investors’ stated satisfaction with current relationships and performance, responses indicate a subconscious urge for improvement.
We think banks can use technology to extend the same level of personalized service high-net-worth clients desire at a greater level of convenience.
Family offices that provide practical and innovative tools to support the specific requirements that are emerging in this space can create huge value.
There is much to be said for the fiduciary standard of care for investors, says Barry Ritholtz, pointing out that the clients themselves demand it.
Personal assistants, make-up artists, stylists and frequent travel will all need to be factored in, as well as any other costs associated with stardom
At least 25% of family offices have been subjects of cyberattacks, and nearly 40% of them lack a cyber security policy.
Working directly for some of the richest people in the world brings perks such as trips aboard superyachts, but it can also come with family drama.