Setting up a single family office is expensive, but fairly straightforward. Building and maintaining a successful one that’s cohesive, transparent and forward looking, however, is difficult.
Category: Families and Individuals
There are two structures commonly used to facilitate philanthropic giving: a private ancillary fund (PAF) and a private charitable trust.
Regardless of size or generation a family business is in, they face challenges. No family business is more or less complicated than the next; the true indicator of their success is how they work through their challenges.
Have a focus – a common pitfall of foreign investors is getting carried away and investing in too many things. Too many things lead to white elephants, frustration from the investor and loss of money for the investor and the community.
We discuss the changes proposed for superannuation on Budget night 2016.
When it comes to the lead up to EOFY, one of the biggest headaches is getting your records and data up to date and in order.
When it comes to the world your children and grandchildren will live in, you are the point of difference in shaping the future you all want.
At a recent Private Wealth Network’s Family Masterclass, James Head – Partner of Deloitte Private Tax presented on some of the tax considerations of organising a family’s wealth, assets and business liabilities into the correct ownership structure. We are in an interesting period for family business. In the past, the next generation was generally the first logical choice…
“The responsibility to improve the state of mental health in Australia falls upon each of us. We need to work at our mental health fitness, especially when you think how mental health in turn contributes to your physical health.”
“Over the course of history, investments of all kinds have experienced massive booms and busts. It could be said that these cycles simply chart irrational investment behavior. This phenomenon (labelled the herd mentality) powerfully corrupts rational investment analyses and decisions”.