A weekly collection of news and highlights. Included this week:

  • The family with 14 billionaires youโ€™ve never heard of

  • A new global bank just for family offices

  • Should you fire your parentsโ€™ advisors?

  • The AI billionaire boom

  • Living Large: inside Kim Kardashianโ€™s property empire

๐• highlights

The family with 14 billionaires.

Incentive problems in family offices.

A Hong Kong family dynasty in turmoil.

Every week, we seem to learn more about billionaire doomsday preppers. There will be a deep dive on this topic in an upcoming newsletter.

Should you fire your parentsโ€™ advisors?

Wellโ€ฆ itโ€™s one model for family offices!

in highlights

Family Office news roundup

Metro Bank Co-Founder Launches Bank For Family Offices. The man behind Metro Bank and Atom Bank, is starting a new global bank just for family offices. Investors will be clients and shareholders, with no plans to sell or float the bank, and itโ€™s eyeing Jersey, Singapore or the UAE for HQ - Spearโ€™s

High-Performing Family Office Guide For Wealthy Families. How modern family offices are building institutional-grade platforms that rival the sophistication of endowments and hedge funds. Think business discipline, clear strategy, and hiring pros instead of relying on legacy loyalty - Forbes

The Balance Sheet UHNWIs Live By. Forget budgeting apps, hereโ€™s a look at how the ultra-wealthy can really track their lives with a personal balance sheet that captures assets, liabilities, and legacy. Itโ€™s less about spending and more about staying in control of the big picture - Mr Family Office

Safeguarding Family Offices From New Wave Of Deepfakes, Cyber Threats. We all know the cybersecurity risks are growing for family offices - and theyโ€™re becoming increasingly sophisticated, with deepfakes used in phishing scams - Financial Advisor Magazine

The Family Office Trap: When Doing Too Much Does Harm. Family offices that try to do everything in-house can spread themselves too thin and underperform as a result. Overstaffing and over-engineering can backfire - sometimes outsourcing or simplifying is the smarter move - Family Wealth Report

Living Large: the finer things in life

Kim Kardashian is quietly assembling a serious real estate portfolio. From minimalist Calabasas mansions to a $70M Malibu beach house, itโ€™s a flex that shows sheโ€™s playing the long game in building wealth.

Our new partnership brings a deeply collaborative approach that is enhanced by AI, taking executive hiring from 3 months to 3 weeks โ€“ and making hires that last. More details here.

Last weekโ€™s newsletter on โ€œThe Michelin Guide of Wealthโ€ was very popular. Read it here.

Until Friday, see you on ๐• or LinkedIn.

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