Lions Financial

This Life Insurance Awareness Month, take time to ensure you’re leaving a legacy of care and security for your loved ones. Life insurance isn't just about finances—it’s a way to guarantee your loved ones are supported in both the short and long term. Whether you’re building wealth or preparing for the unexpected, life insurance offers peace of mind that your legacy will live on. It’s never too early to start planning for tomorrow. Are you ready to secure your legacy? Read more to learn how life insurance fits into your estate planning: https://hubs.la/Q02Qt1XJ0 #September #LifeInsuranceAwarenessMonth

When we're talking trillions, we're talking real money. Shape the world money. That's what we're talking about when we're talking about family offices. We can't understand the world of wealth, investing, and money without understanding the role and impact that family offices have had. And as powerful as they already are, the next decade will see an explosion in their size and scope. And that's off a multi-trillion baseline, numbers we can not wrap our minds around. Some numbers and takeaways from this Deloitte report: * There are around 8,030 single family offices in the world today, up from 6,130 in 2019. This number is projected to grow by to 10,720 family offices by 2030 - a 75% increase over this roughly 10-year period. That's an unbelievable explosion in families managing significant assets.   * A regional breakdown - 3180 single family offices in North America, 2290 in Asia Pacific, 2020 in Europe, 290 in the Middle East, 190 in South America, and 60 in Africa. * In 2019, the wealth for families with family offices was $3.3 trillion. Today it's up to $5.5 trillion - a 67% increase in five years. By 2030, that number will hit $9.5 trillion. That's a pretty insane increase over basically a decade. Family offices’ total estimated assets under management is now $3.1 trillion and is expected to reach $5.4 trillion by 2030. That's a 73% increase...over 6 years! * Women are still underrepresented but taking on more leadership roles - serving as the principals of 15% of family offices worldwide.In North America, women are the principals of 12% of family offices, in Europe 20%, Asia Pacific 18%, the Middle East 10%, South America 17%, and Africa 21%. * Family offices spend roughly half their time on portfolio management and direct investing and less than 10% on training the next-gen and philanthropic activities. * Based on this survey they believe they will become more institutionalized and professionally managed (66%), and that their portfolios will become more diversified across asset classes and geographies (55%). 38% believe family offices will increasingly transition from being embedded in the family’s operating business to become independent structures. Look through this entire report, print it out, and share - it's an important resource full of insights. What are your thoughts and takeaways? https://lnkd.in/eASN2xtp How they allocate assets will change and influence businesses and economies and countries. How these families pass down the legacies they've built up (and not just the businesses, shares, real estate) will disrupt and shape the world and how we solve problems, develop technologies and innovation, and may cause some other problems along the way...

At Empathy we are committed to transforming the conversation around grief by building a culture of profound care and support during life’s most challenging times. Our mission transcends mere acknowledgment — it’s about actively standing by individuals when they need us most. Today is Grief Awareness Day, and it is our chance to redefine the conversation around a deeply human experience that affects us all. For this special day, we are proud to introduce the Grief Guide Generator—an innovative tool designed to revolutionize how we discuss and navigate grief, both personally and in our communities. This guide empowers individuals to articulate their feelings and needs with clarity, making their journey through grief more manageable and compassionate. When we're investing in each others' wellbeing, we all win.

Very important update for businesses to consider. Thank you Christina Wing!

It's really true, nobody beats the Wiz... This is truly history making on so many levels....for the entire startup world, for Google, one of the most important companies in the world, the cybersecurity sector overall. Most clearly, and importantly, it's hugely historic for the Israeli tech sector the business environment in Israel in general. This would be Google's biggest acquisition ever as well as the biggest ever exit for an Israeli startup. What happens next is unclear. Maybe it won't move forward at all? Maybe another suitor, like Microsoft ? Just the fact that it might happen, and at the number ($23 billion) were talking about is noteworthy. One big story to watch over next week's and month. How do you see it? And what can it mean or indicate for the markets, startup fundraising, and exit planning?

No matter where you are in your business, career, investment, or just general life, it's critical to understand the world of wealth and money. It effects everything we do so we must be cognizant, at least on some level. Ignorance is no bliss... Whether our wealth is progressing and proceeding, or decreasing and diminishing impacts how we feel about everything, forms our appetite for risk, and shapes spending and investing decisions. Every individual has their own feelings and vibes towards it, as well as their own situation. But no one is an island and what happens in the bigger picture creates a lot of momentum for everyone. How we each ride these waves, make decisions, process information, and focus on our overall goals will determine where each of us end up...as individuals and all together. Have a read through this report from UBS to get a sense of where things stand, and not just the vibes based, lowest common denominator level of infotainment that passes for financial media right now. And please share your thoughts and feedback about where we are and where we're going. Much appreciated.

Family offices are having their center stage moment; and because of the flywheel/magnetic impact that wealth has the spotlight will only get bigger. So it's important for us all to have some idea of what they're thinking, focusing on, and worried about. Skim (or read the whole thing if that's what you're into) this UBS report and let's talk about it. Have a great day!

It's a top cities list of course New York is number one fughedaboutit... Find yourself a city and tell me your top 10, I really want to see your lists. Thanks. From this Bloomberg article: https://lnkd.in/e4N8NE8k

When it comes to understanding what needs to be done, and sorting out options around organizing finances, setting financial goals, strategizing, executing plans, and making smart, long term financial decisions, it can be easy to be overwhelmed. There's so much to to think about, things you've never thought about at all. And then you face the jargon, the intimidating settings, the unfamiliar faces and spaces, and you just don't know who to trust or how to start making decisions. Take a deep breath...every journey starts with that first step. And there will be times you take a couple steps backwards, that's fine. As long as there's a destination you're trying to get to, a means to that end, there's no better financial education than through doing. We can read books, articles like this one, watch YouTubes and listen to podcasts...but nothing will teach you like experience and, of course, some mistakes. And that's always easier when the stakes are small. Just like any good habits to take care of your health, starting early and building habits and behavior will be the best thing you can ever do for your wealth. Make things easier for yourself, clear away hurdles and friction. Think of it like uber but for saving money for future you; easy and always available. In fact, make it a game for yourself - take an uber ride, put the same (or more) into a savings vehicle. Automate as much as possible. Keep banking, saving, and investing apps available without having to dig too far. Turn the hardest, most tempting, splurge-inducing places and feeds into sources of content that will actually help you understand finances more. The greatest outcomes will come from what you can control: * Focus on bringing down debt, especially avoiding credit card debt. pay off either the whole balance or stretch to pay off as much as possible - the return on reducing that cost is far greater than a return you can reliably get in the markets. * Keep yourself organized - there are plenty of tools these days but even keeping a simple spreadsheet can really help see what's happening. * Manage risk - even though it's early in the game, start thinking about protecting your greatest assets - your ability to earn income especially. And keep a savings account that's purely for emergencies (but real emergencies, not a night out) - job loss, health issues...hopefully you never need to use it but better to have it and not need it. * Create accounts for intermediate (3-8 years) and longer term (9+) needs and goals. These vehicles can be a challenge to start because if you're just starting, it just is. But the key is finding the money and being creative with it. Find others that are also on this journey. The encouragement and team approach will be such a support. Telling your story can also help you finish it - but you can't finish what you don't start, that first step is up to you... How are you starting that journey?

That's where the money is. Literally. Family offices have become more and more significant in the world of wealth, investment, real estate, philanthropy. Their growing profile and the pools of capital they control makes them the perfect target for scammers, fraudsters, and cyber attackers. They often do not have the cybersecurity infrastructure in place to handle sophisticated threats. Protecting privacy, data, and money needs to be a top consideration. It's not fun to think of worse case scenarios but it's a lot less fun (though much more costly, and not just monetarily) to recover from the alternative. We all know that human nature is strong and we all put off what's important but not urgent; we need to consider this an urgent threat and issue to deal with, not in some future time. If you're in this space, what have you done to protect yourself, your data, your wealth, your family, your legacy?