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Family Office Software

admin — Wed, 23 Sep 2009 08:30:00 +0000

Family Office Software

Find Out Why More than 250 Family Offices Rely on Advent Software

Advent® for Family Offices is the industry’s first fully integrated enterprise solution designed to meet the specialized investment management and reporting requirements of single-family and multi-family offices. More than 250 family offices around the world, managing assets from $50 million to $5 billion, leverage Advent’s reliable and proven investment management tools. The solution includes portfolio management, portfolio monitoring, research management, trading, custodial data and total wealth reporting. More than 450 automated custodian data interfaces enable you to deliver reconciled, personalized reports to your clients the day after month-end and increase employee productivity. Customized reports can be easily created without the involvement of valuable IT resources, thus reducing costs and increasing client satisfaction. Once the reports have been created, Advent for Family Offices’ powerful, integrated CRM and report management capabilities automate collation and production of quarterly reporting packets.

To see a custom product demonstration or to request a client reference, contact us at (800) 685-7688, or email us at info@advent.com, or visit our website at www.advent.com

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Tags: Family Office Software, Software for Family Offices, Advent Family Office Software, Family Office Accounting Software, Family Offices, Software, Advent Software, Family Office Software Suite

Chief Financial Officer Position Open At a Family Office in New York City

admin — Tue, 15 Sep 2009 18:38:00 +0000

Family Office CFO

This job has been filled.

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Tags: CFO Position at a Family Office, Family Office CFO, Family Office Job Openings, Open position at a multi-family office, multi-family office wealth management jobs, family office, family offices

Family Office Wealth Management Services & Resources

admin — Sun, 16 Aug 2009 19:30:00 +0000

Family Office Wealth Management

Looking to learn more about Family Office Wealth Management? The Family Offices Group is part of our H Media Group investment blog network, and this website is dedicated to providing hundreds of free-to-access educational videos, articles, interviews, and industry statistics on the topics of Ultra High Net Worth Wealth Management and Family Offices. They are well known for providing these educational resource and the Family Offices Database and as of last month they are now the #1 most highly visited website on the topic of family offices. Here are links to 50 of their top resources:

The Family Offices Group also is building a series of profiles on family office and UHNW wealth management firms, here are links to these resources:

Tags: family office, family offices, family office wealth management, family office services, multi-family office firms, single family offices, how to work with a family office

Family Office Challenges

admin — Wed, 12 Aug 2009 19:00:00 +0000

Family Office Challenges

Family Offices Countering Challenges in Recession

Like other wealth managers, family offices are facing many challenges in the recession. While some family offices open their own private equity funds, the health of the family offices industry effects private equity firms’ ability to raise capital. Thus it’s important to keep an eye on this capital source. A prominent family offices attorney says that creative thinking and improved efficiency will help family offices overcome the hurdles they face in today’s economy. Anthony Markham, a partner at at law firm Maitland’s Isle of Man office explains, “One of the most important things family offices must do is think creatively.”

Markham has gone back to the island following a decade in London and will be spearheading the family office service following an increased demand from wealthy families. He explained some of the unique challenges currently facing family offices. “Family offices are doing a very difficult trick, they are trying to anticipate the needs of their families while also trying to keep abreast with the challenging environment with lots of difficult changes,” Markham said.

He also points to a lack of cash as a particular difficulty during the economic crisis. “Family offices have either seen their investment portfolios marked down with everybody else’s or they have seen their family businesses becoming cash hungry when usually they are cash generative. In that environment they are becoming very cost sensitive and doing things more efficiently. It tends to be more what do we need to do as opposed what would it be nice to do,” Markham explained.
Source

Markham emphasizes that the main thing family offices need to do is to react creatively to attain what they need without adding up recurring costs.

Family Office Firms & Services | Industry Resource

admin — Wed, 29 Jul 2009 19:20:00 +0000

Family Office Wealth Management

The Family Offices Group also is building a series of profiles on family office and UHNW wealth management firms, here are links to these resources:

Tags: family office, family offices, family office wealth management, family office services, multi-family office firms, single family offices, how to work with a family office

Family Office Wealth Management Resources

admin — Tue, 28 Jul 2009 05:16:00 +0000

Family Office Wealth Management

The Family Offices Group also is building a series of profiles on family office and UHNW wealth management firms, here are links to these resources:

Tags: family office, family offices, family office wealth management, family office services, multi-family office firms, single family offices, how to work with a family office

Small Family Offices

admin — Fri, 24 Jul 2009 17:52:00 +0000

Small Family Offices

Family Office Services for the Less Wealthy Clients

Family offices are reserved for high-net-worth individuals and with the fees family offices require clients typically have at least $100 million in assets. This structure is gaining popularity as more and more family offices open, and now the specialized advisory services these firms offer are becoming available to smaller investors, too. Family offices are important sources of capital for private equity funds and so it is interesting to see access to these wealth advisors opening up to non-ultra-high-net individuals.

Todd Millay is a partner at CCC Advisors which works with family offices and the executive director of the Global Family Alliance at University of Pennsylvania’s Wharton School of Business. When Millay joined Choate Investment Advisors last year, he decided that investors in a smaller asset range of just one million to tens of millions of dollars should receive the same sophisticated services that family office clients receive. He uses the investment strategies he learned from working with family offices and his access to attorneys and accountants to service his smaller but still major investors. His case shows a larger trend of high net worth individuals and groups of wealthy people turning to family offices to manage their wealth, even if they don’t reach the $100 million mark.

While some firms will limit clients’ access to just the trust administrator, Millay says Choate clients can contact an attorney to discuss estate planning, an investment adviser for asset allocation questions, or an accountant to review the tax implications of a particular strategy.

The strategy seems to be working: Current clients have increased assets with the firm over the past year, and net inflows from new clients this year are well ahead of last year’s figures. Choate Investment Advisors currently has roughly $2 billion under management.

Millay thinks the model will continue to gain traction in the wealth management industry. “I think we’re only in the first or second inning of this strategy,” he says. “The dominant model is more the big, impersonal private bank. I think that model is going to steadily decline, and that people who manage money like we do will continue to do very well.” Source

Tags: Family Offices, Smaller Family Offices, Small Family offices, Small Family Office Clients, Family offices private equity, Family offices and private equity

Multi and Single Family Office Resources

admin — Sun, 12 Jul 2009 19:20:00 +0000

Family Office Wealth Management

The Family Offices Group also is building a series of profiles on family office and UHNW wealth management firms, here are links to these resources:

Tags: family office, family offices, family office wealth management, family office services, multi-family office firms, single family offices, how to work with a family office

Raife Neuman of Bonner & Partners Family Office

admin — Wed, 08 Jul 2009 16:39:00 +0000

Raife Neuman of Bonner & Partners

Below is some commentary on the US educational system from Raife Neuman of Bonner & Partners Family Office:

Raife Neuman, of Bonner & Partners Family office, continues his campaign on the injustices of the American education system.

As we all know, often the better you do the more the government wants to penalize your success. Families and college students often pay exorbitant costs for education. And, as I wrote last week, students who go on to get a professional degree are often saddled with loads of debt – creating a new class of indentured servants. You’d think the IRS could cut them a bit of a break. But you’d be wrong.The tax code says “all or part” of a scholarship or fellowship “may be tax free.” The emphasis should be on “may” because you have to meet these strict conditions to avoid taxes Read more..,

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Tags: Raife Neuman, Bonner Partners family office, family offices, family office, education, Bonner and partners wealth management, multi family office, single family offices

Fry Family Office Track Profile | 1 Pager

admin — Tue, 07 Jul 2009 21:46:00 +0000

Fry Family Office

Below please find the Family Offices Profile for Fry Family Office. If you need contact details for this family office please refer to FamilyOfficesDatabase.com

Related Resources

Silver Bridge Advisors
Fleming Partners & Family
Family Office Jobs
View 500+ additional Family Office Profiles
Obtain family office contact details from FamilyOfficesDatabase.com

Tags: Fry Family Office, Multi-Family Office, family office, family offices, fry family office services, fry wealth management services, FRY HNW Wealth Management