Mariett Ramm No.1 Bestselling Author, Publisher and Leading LinkedIn Authority/Live Host sharing trends from Family Offices and HNWIs.
getty
As Covid-19 forced the economy into shutdown during 2020, family offices had to face sudden unanticipated risks with a brutal economic recession breaking many adverse records. These multitudinous unanticipated risks also gave rise to many opportunities to improve internal control and connectivity that can be positively correlated with family offices’ complexity, while also taking stock of legacy infrastructure.
However, every family office is different. For the past several months, I have been conducting meetings between family offices to observe their response under extreme pressure and how they adapted to centralizing and transferring significant family wealth and assets.
And that has resulted in a consequential conclusion: While some family offices looked in horror and with pessimism at the gradually unfolding…