Insights

  • 09 Jul 2018 by Brooke Morimoto

    Advisors are Increasingly Expected to Play a Role in Clients' Healthcare

    Wealth managers believe health insurance is the single biggest healthcare-related issue currently facing their clients, according to a recent study.

    In its inaugural Healthcare Study, The Family Wealth Alliance surveyed 50 wealth management firms to gauge the scope of involvement by family wealth firms in the healthcare needs of their clients, evaluate client demand for services and assess trends in healthcare-related services...

     

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  • 09 Jul 2018 by Brooke Morimoto

     

    Among the top 5 sellers at Sotheby's New York Impressionist & Modern Art Evening Sale on May 14, 2018 was a painting by American artist Georgia O'Keeffe (1887-1986). Lake George with White Birch reached $11.29 million dollars, performing over nearly twice its high estimate.

     

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  • 09 Jul 2018 by Amanda Brown

     

    Why A Family Enterprise Could Be Essential To Your Future

    I have the great privilege to work with families who wish to sustain their wealth to benefit multiple generations. This can be quite a challenge. Families that have worked extremely hard to build wealth find it just as difficult to preserve wealth over time. The concern is that a wealthy family could go from shirtsleeves to shirtsleeves in three generations. The first generation creates the wealth. The second generation consumes the wealth and the third generation is starting all over again.  

    While there are many strategies that can be put in place to preserve multi-generational wealth, here is what I’ve learned from serving affluent families over the years. There are two critical factors that will have a greater influence on this goal than anything else: recognizing tipping points and viewing family wealth as an enterprise. 

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  • 09 Jul 2018 by Brooke Morimoto

     

    In the world of “bigger is better,” it is hard to argue the toll this has taken on good, old-fashioned customer service. The type of service where the person who answers the phone not only knows you, but recognizes your voice. A service-oriented person who understands your business and business needs. The type of person where your success is also his or her success.

     

    As a fund administrator in the alternative investment space, we are in a unique position to work with all of the various service providers engaged by the asset manager or family office. In order to service an investment fund, we must liaise with legal firms, audit and tax firms, banks, brokers, etc. We have been witness to the degradation of personalized service across all type of businesses where consolidations have created mammoth size companies.

     

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