Soaring Markets Trigger Family Disputes
Business family feuds re-emerge each time market valuations soar.
Business family feuds re-emerge each time market valuations soar.
Business houses and wealthy individuals are increasingly taking to family offices to preserve and grow their fortunes.
The new generation of old wealth is earning and learning by investing in startups
Investment vehicles operated by billionaires and ultra HNIs are expected to contribute around 30% of the estimated $100 billion to be raised by startups in India by 2025.
The family office space is rapidly growing. Hence, it becomes imperative to understand the role of a family office and its functions, in order to differentiate them from traditional wealth managers.
Like any other business, a family business too should have governance in place to ensure that both its family and business strategies are taken care of.
There are always issues which have been swept under the carpet due to lack of time or inclination, or perhaps both. This is a good time to revisit those and clear them up.
Though investors are revising their commitments to alternatives in 2020, most are not adjusting their longer-term plans, says Preqin.
The dominance of family-owned businesses and the concentration of wealth with them could further the idea that the system is broken. I would like to argue that a great many benefit all stakeholders.
A report by Edelweiss Private Wealth Management and Campden Family Connect shows that only 19% of succession plans are written and formally agreed upon.