Canadian Family Offices’ Post

Read all about it. The "'Professionalization' is the word of the day at family offices in Canada" article quotes #KPMGFamilyOffice's Yannick Archambault, CFA, MBA, FEA saying ""Family offices might need more people and more structure to deal with more sophisticated investing" and "If you're launching a family foundation, that brings more sophistication and complexity, so you need someone to oversee that". In addition, "A family crisis, conflict or significant loss, such as a financial shock or the death of the patriarch or matriarch, can also spur the need for more professionalization". #KPMG #KPMGFamilyOffice #KPMGLAW

What’s the word at the top? It’s always good to know what the CEOs are thinking. Canadian Family Offices consulted these chief executives about what they’re investing in, what their clients want and what they like about their work. #familyoffice #wealth #wealthmanagement #investing #UHNW #enterprisingfamily #FEA #FEC #FELI #STEP #TEP #CFA #CMA #CPA #CA #CPA #CA #RFP #IAFP #CMT #CanadianFamilyOffices

A certain prestige comes with being a senior advisor to a wealthy family. But it can be a lonely calling, especially for those from big financial firms. Thanks to advisors Steve Ivacko of MNP and James Dunne of Markdale Financial Management, and Varugis George of Cambridge Executive Connections, Inc. for their thoughts in this article for Canadian Family Offices. #wealth #wealthmanagement #familyoffice #familyoffices #UHNW #CFA #FEA #FEC #TEP #workplace #workfromhome #remotework #STEP #CMA #CPA #CA #CIM #RFP #IAFP #CMI #CFP #MFA #CanadianFamilyOffices

Like many of our readers this time of year, the editorial team at Canadian Family Offices has been busy planning for the year ahead. Here's a look at what we're cooking up for 2025. #wealth #wealthmanagement #PE #privateequity #familyoffice #familyoffices #UHNW #CFA #FEA #FEC #TEP #STEP #CMA #CPA #CA #CIM #RFP #IAFP #CMI #CFP #MFA #CanadianFamilyOffices 

Don't wait until the last minute to plan your exit strategy. It's critical to include it in your everyday business planning. Principal and National Director of HBK Transaction Advisory Services Keith A Veres, CPA, CGMA, CEPA emphasizes that understanding your business's value, aligning personal and financial goals, and assembling a transition team are essential steps for all business owners. #ExitPlanning #BusinessStrategy #ProfessionalAdvisors #FinancialPlanning #HBK75

Too many RIAs fail to clear a path for junior advisors to take over, threatening the future viability of the business. A panel of practice management consultants at Wealth Management EDGE discussed why that’s a mistake and what advisors can do to change it >> http://spr.ly/6047gIebV #RIA #WMEDGE #wealthmanagement #succession

As family offices continue to grow in popularity among the well-to-do, their numbers are projected to grow by 75 per cent globally, and experts see a similar trend developing in Canada. In North America alone, a significant expansion of 90 per cent is predicted over the next six years, according to a Deloitte survey. #familyoffice #wealth #wealthmanagement #PE #familyoffice #familyoffices #UHNW #CFA #CMA #CPA #CA #CIM #RFP #IAFP #CMI #CFP #MFA #CanadianFamilyOffices

Middle Eastern family businesses will transfer c. $1tn in assets to the next generation over the coming decade, according to a report from DHF Capital – a staggering figure which drives home the importance of effective succession planning.   It is a task which families should not tackle alone. Independent advisors, such as multi-family offices, can assist with restructuring, governance procedures, family charters, and more – resolving families’ complex needs, saving them valuable time, and enabling a smooth succession.   Indeed, as highlighted in this recent Finance Middle East article, the optimal approach to tackle succession planning and other family needs is often to delegate certain responsibilities to external professionals – maintaining family control whilst simultaneously ensuring best practices are followed.   At Octagon, this is a strategy with which we are extremely familiar – and which has generated hugely positive results for our international clients in the UAE and beyond.   Read more on this topic from Nivetha Dayanand here: https://lnkd.in/d_kK-grM   #MiddleEast #WealthManagement #SuccessionPlanning #FamilyOffices #FOAS #Octagon

How to get an introduction to family offices /// Interesting point of view even if I don't like the definition of "a family office is a private advisory firm " ... it is not an advisory firm but above all a wealth management firm. #familyoffices #SFO #MFO #220dots

As global wealth grows, so does the complexity of managing it. HNWIs and ultra-high-net-worth families increasingly seek bespoke solutions to preserve and grow their wealth while ensuring smooth intergenerational transfer. Enter the family office – a vehicle synonymous with tailored wealth management and holistic legacy planning. Thanks to Pratik Rawal, Head of Corporate Structuring at Creative Zone, for his insightful article. He explores the rise of family offices in the UAE and the unique offerings of DIFC, as well as provides actionable insights for those considering their options. Whether you’re an established family office looking to expand or a first-time founder exploring where to set up, his guide will help you make an informed decision. #UAEFamilyOffices #DIFC