Notes

How wealth management companies can be prepared for turbulent times? [Farnoush Farsiar]
Generational shifts Global mobility. https://www.businessfast.co.uk/farnoush-farsiar-explains-why-queen-elizabeth-is-an-excellent-example-of-female-leadership/ Technological innovations. Farnoush Farsiar, EU Today writes that these are only some of the major developments that have affected family offices and fundamentally impacted their structures and methods.

Family offices cater to an increasing number of young, mobile and tech-savvy generation. Due to the economic crisis, everyone is increasingly interested and involved in their investments.

These changes occur at a moment of unprecedented political and financial instability. If they try to keep their old methods, they will be abandoned by the people they were created to advise. Instead, they must adapt and adopt a more innovative approach to managing investments, in order to create a true value proposition for UHNWIs.

Family offices are available in all sizes and types. They must prioritize efficiency and speed in addition to improving the efficiency of their services. Customers will benefit from a smaller number of advisors who are adept at quickly implementing new technologies and bringing in specialists whenever they are required. https://eutoday.net/news/business-economy/2019/how-wealth-management-firms-can-prepare-for-turbulent-times This has led to the blurring of lines between private banks and family offices. Farnoush Farsiar Successful firms will continue to preserve the loyalty of family offices as well as the level of trust they receive while keeping up with the latest technology in sourcing deals and adopting new technologies.

https://www.talk-business.co.uk/2022/06/21/fanoush-farsiar-on-the-importance-of-gender-lens-investing/ The success will come from the capacity to profit from more traditional, reputation-based and network-based methods of deal sourcing as well as using online tools to identify deals and opportunities. Deal sourcing platforms on the internet are just one of the tools wealth managers and flexible private offices can readily install in contrast to the large, heavy-handed banks that are ensnared in bureaucratic red tape. This platform allows dealmakers to easily review and access a range of deals simultaneously and save time and money.

https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/ Wealthica and other services on the internet are changing the way family offices communicate with their clients. Farnoush Farsiar They automate the consolidation of investment portfolios across various sources, and put clients in regular contact with their investments. It's a way from the days the days when wealth managers could only provide intermittent updates to their clients' investments.

These tools are merely that: they allow wealth managers to improve their effectiveness and speed. Their investment strategy is what is most important. It is crucial to mix the old and the new. For example keep searching for deals in real estate and also look into investing in areas that aren't as well-known, such as climate science or food security. Impact investing is definitely 'at last in the world of family offices - the UBS Global Family Office Report 2018 showed that one-third of family offices are now involved in impact investing and many expect to become more involved in the near-future. There are definitely challenges in this area, such as the difficulty of monitoring impact and executing due diligence, the coming generation of HNWIs as well as UHNWIs will anticipate family offices to be able to determine and secure these kinds of investments. Plato Capital, my own boutique investment bank, is based on the experience of its founders, who are from large banks and in the technology industry to offer investment advice that is entrepreneurial direction. Our clients are able to successfully manage risk and get the most value for their investment due to our local network.

All types of wealth managers can continue to thrive in turbulent times when they blend the old and the modern, are open to adapting to new demands and take risk with their own structures.
My Website: https://www.businesstelegraph.co.uk/why-there-are-few-women-in-finance-farnoush-farsiar/