A weekly collection of news and highlights. Included this week:
Wealthy families disclose SpaceX holdings
Vanderbilt heir builds new family office
Day trade your way to $4.6 billion
A family-owned football club takes a unique approach
Governance should translate vision into purpose
Living Large: AI is taking wine apps to new levels
๐ highlights
Family offices and UHNWIs are disclosing their SpaceX holdings.
Day trade your way to $4.6 billion.
Email efficiency.
reddit highlights
Everything is relative. Or is it?
in highlights
Family offices shouldnโt try invent a structure.
Philanthropy engages the next-gen and strengthens family cohesiveness.
A family-owned football club with a unique approach.
Family Office news roundup
Vanderbilt heir builds new family office. With the goal to have 800 relatives invest, Vanderbilt descendant Consuelo Vanderbilt Costin has launched House of Vanderbilt, hoping to bring the dynastyโs relatives together as co-investors - WealthManagement
How wealthy families can prepare for aging parents. Wealthy families often plan meticulously for inheritance but dodge the trickier question of when an aging patriarch or matriarch should give up control. Advisors say the answer is to start talking early, transition authority gradually and agree the rules - CNBC
Governance should translate vision into purpose. Deutsche Bank argues that family values mean little unless they are turned into clear governance, decision rights and accountability. Constitutions, investment mandates and reporting systems need to be living frameworks - Deutsche Bank
Hong Kong financiers press for tax breaks after Singapore unveils rival scheme. Financiers say lawmakers should press ahead with proposed tax break on carried interest, after Singapore unveiled a rival tax-exemption scheme - SCMP
Family offices move closer to the deal. Family offices are increasingly bypassing traditional fund structures in favor of co-investments and direct deals, giving them more control, flexibility and potentially better economics - Citywire
Why family offices are becoming AIโs most influential investors. Family offices are becoming major AI investors, using patient capital to back everything from frontier models and infrastructure to robotics and physical AI - TheNextWeb
Living Large: the finer things in life
Wine apps and AI, the new way to manage your cellar. Wine management apps help offset the not insignificant work of storing and cataloging large wine collections. These days they also do a whole lot more, with new apps capable of things like 3-D modeling your cellar- Robb Report
ICYMI: last weekโs newsletter took us to Wall Street South, with a look at Miami's emergence as a wealth hub.
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