With great wealth comes great responsibility.
But in family offices, that responsibility often falls to one elder. This is unsustainable and undesirable for everyone involved.
With great wealth comes great responsibility. But in family offices, that responsibility often falls to one elder. This is unsustainable and undesirable for everyone involved. There are other complexities at play, too. Family relations may be strained. Different generations often have conflicting ambitions. Succession planning is essential but younger beneficiaries are not always equipped to take on the mantle. Trusts are facing increasing regulation around disclosures and reporting.
Branding is often associated with public-facing businesses, yet every family office, whether consciously or not, has a brand. The investments made, the professionals engaged, and the governance structures put in place all shape the identity and reputation of a family.
As jurisdictions worldwide compete to attract fintech investment, a strong regulatory environment is no longer enough. The most successful fintech hubs are those that combine robust frameworks with strategic branding, community building, and digital engagement.
Family wealth management is experiencing a remarkable evolution, with family offices taking on roles that extend far past their traditional wealth preservation mandate. This evolution reflects changing priorities in wealth management, driven by next-generation leadership and technological advancement, with recent industry research from PwC’s 2024 Global Family Office Study providing compelling evidence of these shifts.
But in family offices, that responsibility often falls to one elder. This is unsustainable and undesirable for everyone involved.
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Senior Partner
Practice Leader – Leadership & Resilience
Renowned family office thought leader, Tim works with UHNW families to ensure they are fully equipped to deliver their legacies inter-generationally and effectively.
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Senior Partner
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Simon harnesses research, liaison and networks globally to identify opportunities for Itriom, building the knowledge needed to deliver intergeneration legacies for UHNW families.
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Practice Leader – Strategy