A weekly collection of news and highlights. Included this week:
How Steve Jobs planned his estate
The six-generation family behind the Hermès empire
New study on wealth dialogue between generations
The growth of fractional hiring and modular staffing
Why family offices moving from rigid trusts to flexible SPVs
Living Large: The most wanted sunglasses in the world
𝕏 highlights
How to succeed as an outsider in a legacy organization… essential reading for family office people.
McKinsey argues that global wealth has grown rapidly, but in ways that leave the system increasingly fragile.
A look at the six-generation family behind the Hermès empire.
in highlights
New study on the wealth dialogue between generations.
Family Office news roundup
The biological balance sheet. This piece from Fountain Life highlights how health remains the most overlooked asset on the family balance sheet, and why healthcare needs to shift to a data-driven system of prevention - Mr Family Office
More family offices are shifting to fractional hiring, modular staffing. Family offices are ditching large, fixed teams and moving to fractional hires and modular staffing to cope with rising costs, complexity, and new tech demands. The model is flexible, economical, and more efficient than bloated in-house setups - Crain Currency (registration required)
Family offices are quietly teaming up to cut costs. 93% of family offices collaborate on staff, jets, and yachts, prioritising planet (84%) and profits (68%), and signalling an elegant evolution in UHNW stewardship - Luxurious Magazine
How trusts, SPVs and cross-border banking are evolving. Family offices are modernising their structures, moving away from rigid legacy trusts toward flexible SPVs and more sophisticated cross-border banking setups. This shift is driven by global families needing speed, control, and regulatory agility - Forbes
Family offices increasingly bringing younger family members onto payroll. While a way for younger family members to get job experience, deciding salary and compensation for those family members can easily become a loaded topic - CNBC
Living Large: the finer things in life
Macron’s sunglasses spark global hype. Those $770 Maison Henry Jullien sunglasses worn by Emmanuel Macron at Davos have instantly become a must-have luxury accessory. A great example of hype economics: one public appearance, zero marketing budget, and global luxury demand - Yahoo News
Last week’s newsletter dived into why sports investing suits family offices, with insights from a veteran financier - read it here.
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