44% of family offices have cyber controls amid high threat levels
Source: UBS Global Family Office Report 2023
INSIGHTS
WHY CYBERSECURITY IS OF PARAMOUNT IMPORTANCE
Family offices are seeing an increase in cybersecurity attacks. As the stakes are high, this article highlights the types of cybersecurity risks and why it's vital to protect themselves. It also covers how family offices can secure themselves against such attacks. (Forbes)
INSIGHTS
FAMILY OFFICE INVESTORS: BIZVAL PODCAST
In this episode of the bizval podcast, David Duchemin of 2A Family Capital gives insights into family offices, impact investing and the drive of doing something good with money, building your family office network, and more. (Bizval)
GUIDE
COMMON THEMES THAT CAN GUIDE ADVISORS' SUPPORT
The article offers common themes for financial advisors to consider when catering to UHNW clients and their guiding family offices, such as non-financial concerns, defining purpose, drafting investment policies, and more. (Forbes)
INSIGHTS
HOW DIGITAL TRANSFORMATION CAN HELP WEALTH MANAGERS
The wealth management industry faces many challenges, while also struggling to meet the expectations of tech-savvy millennials. As with wealth managers, even family offices need to rethink how they can connect with the next generation. The article mentions how digital transformation can help adapt successfully in this changing landscape and ensure long-term growth. (Financial Times)
INSIGHTS
SINGAPORE REMAINS DESIRABLE AMONG NEW RULES
The Monetary Authority of Singapore introduced measures targeting family offices with incentives such as tax exemptions, and requirements like hiring non-family member professionals. Despite concerns, Singapore remains attractive for family offices, and the new rules are seen as a part of ongoing improvements. Geopolitical tensions have also led some to prefer Singapore over Hong Kong. (Asian Investor)
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