Notes

How can wealth management companies be prepared for turbulent times? [Farnoush Farsiar]
Generational change. Global mobility. Technology transformation. Farnoush Farsiar from EU Today writes about these key changes that affect family offices and are fundamentally challenging the operational structures and procedures.

Increasingly, family offices are catering to the younger and more technologically adept generation. Farnoush Farsiar Because of the financial recession, clients are now more interested and involved in their investments.

The changes are occurring in a time of unprecedented financial and political turmoil. Offices that attempt to continue their traditional methods may be relegated to the very people they were founded to assist. They must adapt to a more entrepreneurial style in investment management to offer UHNWIs the best value.

Family offices differ in size and scope. But, they must be able to focus on scalability and streamlining their services and not try to be experts in every subject. The best service for clients will be offered by a smaller team of advisors who are able to swiftly implement new technologies, and bring on board external experts when required. These developments will require that the boundaries between private and family office banks blur. The best firms will maintain the trust and loyalty of their family office while being ahead of the curve when it comes to technology and the sourcing of deals.

The ability to employ both traditional, reputation-based and network-based methods of deal sourcing can lead to the success. However, you can make use of online tools to discover deals and opportunities. Farnoush Farsiar Wealth managers and private offices that have a highly skilled staff can implement online deal sourcing platforms. It is in stark contrast to cumbersome banks, which are ensconced within bureaucracy. These platforms make it possible for dealmakers to evaluate many deals simultaneously, and thus reduce time and effort.

Another online service that is changing the way family offices communicate with their clients is Wealthica. Farnoush Farsiar The Wealthica dashboard service automatically consolidates investment from a variety of sources and brings clients into regular communication. It's a vast improvement from the past when wealth managers would only provide periodic updates on the state of their clients' funds.

They are just thatthey enable wealth managers to improve their efficiency and speed. The method they use to make investments is , in the end, the most important aspect. The advantage is in bringing together the old and the innovative - continuing to seek for deals in real estate while also considering investments in previously unexplored fields, such as food security or climate science. Impact investing has definitely 'arrived" in the world of family offices , according to the UBS Global Family Office Report 2018 found that one-third of family office were involved in impact investing. The majority of them anticipate to become more involved in future. Farnoush Farsiar There are many hurdles with this particular area like the measurement of the impact of investments and conducting due diligence, younger generation of HNWIs and UHNWIs will expect their family offices to be able determine and secure these kinds of investments. Farnoush Farsiar Plato Capital, my own boutique investment bank, draws on the experience of its founders from large banks as well as the technology industry to offer investment advice that is entrepreneurial focus. http://sitamge.ru/index.php?subaction=userinfo&user=Farnoush-Farsiar3cffcc33 Our clients are able to achieve maximum returns and reduce the risk through our personal network.

All types of wealth managers are able to succeed in turbulent times by mixing the old and the new by adjusting and taking risks with their structures and strategies. Farnoush Farsiar
Here's my website: https://www.scifondo.eu/forums/users/farnoush-farsiar8bffcc11/