Kleinwort Hambros has announced its chairman will exit in November when the consolidation of parent company Societe Generale’s private banking businesses completes. Warwick Newbury will join multi-family office Sandaire as chairman, where he will replace its founder Alex Scott. 

An interesting family investment concept is the closed multi-family office. A closed MFO is a family office that works with a few families but is not actively looking to increase the number it works with. Effectively, it is a way of institutionalising a co-investing arrangement between like-minded investors.

Boston Multi Family Office has opened an office in the Dubai International Financial Centre (DIFC), solidifying the group’s long-term strategy of expansion in the Middle East. The commercial multi-family office offers a range of trust and corporate services to ultra-high net worth individuals from offices in Malta and the Isle of Man, and now offers corporate services from Dubai. 

For Michael Preiss, whose firm oversees $1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients’ portfolios was an easy sell some years ago. Not anymore. The executive director at the Singapore-based Taurus Wealth Advisors Pte multi-family office said his clients are disappointed with mediocre hedge fund returns and are balking at high fees, prompting them to shift to private equity.

The recent and unprecedented spike in the number of millionaires in the US has spurred the creation of ever-more Family Offices (FOs) as people of wealth are turning to Single Family Offices (SFOs) and Multi-Family Offices (MFOs) to help them manage their wealth. Many of these offices offer a full suite of solutions including investing, […]

Maciej Wisniewski is the Founder and Fund Manager of Macromoney and has full oversight of all company operations. Maciej has 20 years of experience in investments management and in successfully setting up investment funds. He is the Founder of Investors Investment Fund Company (IIFC), one of Poland's first privately owned investment fund management companies, which was established in 2005. Prior to founding IIFC, he was the Director of Trading at BZ WBK AIB Asset Management in Poznan, Poland, and was a highly successful Proprietary Trader for LG Bank in Warsaw, Poland. He began his career as a stock broker at Raiffeisen Capital, then later moved to Bank Millenium Securities, both in Warsaw. Maciej holds a Master's degree in Finance from the London Business School and a second Master's in Finance and Banking from the Warsaw School of Economics. View Fund Profile This video may not be disseminated, distributed or used without the prior written consent of Macromoney UK Ltd and Sapia Partners LLP (the “Companies”). This video is a summary and is not an offering or a solicitation of an offer to purchase an interest. Any such offer or solicitation will be made to qualified investors only by means of a confidential private offering memorandum and related offering materials, and only in those jurisdictions where permitted by law. Such offer or solicitation may only be made by means of delivery of that document which contains important information (including investment objective, policies, risk factors, fees, tax implications, and accredited investor qualifications) relating to such investment product or fund. There is no guarantee that the investment objective will be achieved. Moreover, the past performance of the investment team should not be construed as an indicator of future performance. Without limitation, this video does not constitute a recommendation to enter into any proposed transaction or investment. You should not construe the contents of this video as legal, tax, investment or other advice. By accepting this video, you acknowledge that the Companies are not acting as your broker, financial advisor, in any other fiduciary capacity or otherwise as your advisor or agent with respect to transaction or investment. The information contained in this video is based on material that Companies believe to be reliable. Assumptions, estimates and opinions contained in this video constitute information we received from reliable sources as of the date of the document and are subject to change without notice. Neither the Companies or any of their respective officers, directors, employees, agents, controlling persons or affiliates makes any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained in this video, and nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to past or future facts or results. The market analysis, projections, targeted returns, estimates and similar information, including all statements of opinion and/or belief contained in this video (collectively, “forward-looking information”), are subject to inherent uncertainties, contingencies and qualifications and are based on a number of assumptions. Forward-looking information involves significant elements of subjective judgment and analysis that may or may not be correct. Macromoney UK Ltd is an Appointed Representative of Sapia Partners LLP, an entity which is authorised and regulated by the Financial Conduct Authority.

Implementing an asset allocation strategy that not only conserves wealth, but augments and grows the family wealth is of the highest importance to family offices. At this summit it was explored the best ways to map out Family Offices portfolios with a wide variety of investment topics including property investing, private equity, and impact investing as well as risk management and mitigation.

A trio of family office veterans have launched a new advisory service to help ultra-wealthy families and individuals achieve their long-term wealth management goals, including the setting-up of family offices. Former lawyers and bankers Adam Wethered (pictured) and William Drake founded their multi-family office Lord North Street in 2000 then sold it to the family-owned international investment office Sandaire in 2014. Wethered and Drake departed the merged firm to form Owl Private Office with broker Andrew Wimble in 2016.

Mainstream investors are looking towards bitcoin more and more these days as a safe haven and a digital asset hedge. With an ETF decision approaching, many bitcoin proponents hope it will be approved, adding an influx of mainstream investors to the cryptocurrency economy. An interview with the founder of the Family Office Association Angelo Robles reveals that there has been a rise in single family office (SFO) investments in bitcoin.