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

Point 72: from FO to institutional powerhouse
Are US private schools a waste of money?
Advisor that took unfair advantage fined $121M
Passing generational wealth to a spendthrift heir
Claude for Excel, the most useful AI for family offices?
Living Large: the hottest address in Europe this summer

𝕏 highlights

Families trading media assets.

JP Morgan helping generationally wealthy athletes stay generationally wealthy!

Ray Dalio’s CIO switches family office.

Concierge services from your private bank.

Where billionaires live.

And a controversial one.. are private schools a waste of money?

reddit highlights

in highlights

Is Claude for Excel the most immediately useful AI tool for family offices?

Best Practices: Claude for Excel and Claude for PowerPoint

#Claude in #Powerpoint and Claude in #Excel are completely game changing. Now, they're available 3rd party through AWS and Google. Watch Anthropic’s recorded webinar to find out more…

The family office ecosystem in Hong Kong.

Hong Kong Wealth Management: A Primer

Hong Kong has long been a place where wealth is created through enterprise, innovation, and industry. But over the past few decades Hong Kong’s credentials for wealth management have become just as compelling. And government policy is constantly being designed and recalibrated to attract globally mobile capital and talent in response to regional competition.

Trusted advisor that took advantage of elderly client fined $121 million.

Expert Witness Testimony in Elder Abuse Case

Last year, we were asked to step into a courtroom as an expert witness in an elder abuse case involving an Ultra-High-Net-worth Individual who had been taken advantage of by a trusted advisor. It was a role we had never taken on before, and to be honest, we questioned whether we were ready for something like this…

Family Office news roundup

The evolution of Point72 from family office to institutional powerhouse. How Steve Cohen’s family office evolved into a full-scale institutional hedge fund, building out infrastructure, talent, and external capital - HedgeCo

First meaningful stress test for Gulf family offices. There’s been an increase in inquiries to repatriate assets as family offices weigh exit, with Dubai’s wealth-hub allure under threat - Singapore Business Times

Family offices on the move, but where’s best? At a recent family office panel discussion, five major family office hubs were evaluated. Three themes dominated participants’ views on each jurisdiction: tax and incentives; stability and rule of law; and lifestyle and talent - Charles Russell Speechlys

Concierge services and specialized expertise: how advisory firms are courting ultra-wealthy clients. UHNW clients expect way more than just portfolio management, with bespoke services offered including aviation, cybersecurity, bespoke insurance underwriting, household management and more - InvestmentNews

This family office gatekeeper is keeping his eye on influencers. How one family office CIO is paying attention to influencer-backed brands as a signal for trends and sentiment, not just noise - Citywire

Living Large: the finer things in life

The hottest address in Europe this summer. Well-heeled travelers already think of Le Sirenuse when they think of the Amalfi Coast, but a new beach club from the legendary hotel will be the place to be seen this summer - FT HTSPI

Last week’s newsletter was a look at why Virtual Family Offices have become more appealing.

That’s all for now. Don’t forget to join the discussion on 𝕏, LinkedIn, Reddit, etc…

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