A weekly collection of news and highlights. Included this week:
A conversation with Rockefeller family office
What we know about ‘Claude for financial advisers’
Next-gen family offices prioritizing liquidity
Africa’s richest man on his succession plans
Wall Street banks roll out the red carpet
Living Large: The ultimate batmobile could be in your garage
𝕏 highlights
A week inside one family office.
According to Goldman, we’re moving into an implementation phase of AI.
ICONIQ says a new generation of AI-first software companies is reaching $100m in recurring revenue in record time,
reddit highlights
Where to get financial and life advice? Reddit of course.
in highlights
Perspective from the Rockefeller family office president.
Ready for the agentic Wealthtech stack?
Family Office news roundup
Family offices clamoring for AI investments. If a fund manager offers a deal that could triple an investor’s money over three years, and another deal could triple it in three months, the choice is easy - TechCrunch
Everything we know so far about Anthropic’s ‘Claude for financial advisers’. ‘Claude for financial advisers’ is pitched as a artificial intelligence tool to help wealth managers spend more time with clients. Here’s a look at what it can do - Spear’s
HSBC, Citi both unveil new lux offerings for affluent clients, family offices. Wall Street banks are expanding wealth services as ultra-high-net-worth client demands extend further above and beyond investment management. - InvestmentNews
Setting standards for UHNW advice. The UHNW Institute wants to professionalise ultra-wealth advice by creating common standards, language and frameworks across investments, tax, governance, succession and family dynamics - Family Wealth Report
Next-gen family offices turn away from long-term horizons. Younger family office investors are increasingly prioritizing liquidity and shorter investment horizons, with greater global mobility and a desire to stay adaptable challenging long term assumptions - FTAdviser
What are exit taxes and how do they work?. With talk of wealthy people leaving the UK, a. look at whether Britain could introduce an exit tax, effectively taxing unrealised gains when someone moves abroad. Canada, France, Germany and others already use versions of the idea - WealthBriefing
Living Large: the finer things in life
The ultimate batmobile goes to auction. One of the most instantly recognizable cinematic vehicles in Hollywood history, the Batman Returns Batmobile became one of the most enduring symbols of the modern superhero era. Powered by a Chevy V-8, this legendary vehicle will cross the auction block for the first time next month - Julien’s Auctions
ICYMI: Friday’s newsletter covered the great wealth management roll-up.
Last week we also spoke with an independent researcher on succession and family offices in China, who highlighted a family taking a non-traditional succession approach. Read the full article here.
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