The survey found that factors deterring them from implementing technology strategies include rigid business models, political resistance, and emotional ties to loyal staff and existing assets.
Considering that almost 50% of Ultra High Net Worth family wealth is being managed through Family Offices, it is critical that adequate measures are put in place to defend these firms from the growing threat of increasingly sophisticated cyber-attacks.
Such was my experience at the Financial Engineering Institute’s Fall Family Wealth Conference in Orlando a few weeks ago and, hence, the need for this write-up on the Conference.
Discount rates remain high but have fallen for the third consecutive quarter, suggesting that the tide might be turning. Whilst geopolitical uncertainty is believed to be contributing to the negative trends, Coutts believes better times are ahead.
Standard Chartered Malaysia managing director and CEO Abrar A. Anwar believes that a long-term relationship with its clients begin with understanding the customer’s needs, instead of products and pricing.