Family Office Support Services

  Amid the global rise of the Indian economy and the growth of family wealth, many High Net-Worth Individuals (HNIs) have turned their attention to family offices as a convenient way of managing their money and getting their business running. There is also an increase in awareness of the risks faced by HNIs holding such a large amount of wealth. To list a few, these risks are: regulatory scrutiny, cyber threats, internal disputes, and reputational damage. Family office support services helping HNI in India to deal with these challenges are as important as before, and more so. ( https://www.supportfamilyoffices.com/ ) The Ascending Challenges of HNI Family Offices in India Up in Wealth and Sharing the Global Stage The wealth of the Indian nation has been multiplied and cross-border exposure has climbed to new heights with a current figure of 160+ billionaires and nearly 1 million millionaires in India. These high-net-worth individuals engage in a variety of endeavors both at home a...

  As family offices are growing and extending their investments across the world, the risks of environmental, social, and governance (ESG) are becoming more and more difficult to notice. At the same time, skipping ESG can be an expensive mistake. The unpreparedness of anti-corruption compliance in the organization, the triviality of social responsibility by only talking about it, and unchecked privacy are the most common mistakes in corporate social responsibility and are among the top 15% drivers of ESG State Street reported last year in their latest study. International due diligence Investigations for Family offices (IDD) are the best candidates for exposure and eradication of the weakness from which these very serious issues shall be born. In order to be able to rule out potential errors on the reshaping and sustain the business, both the families and the family office need to concentrate on continuous improvements in all operational areas by acquiring knowledge from world-ren...

  Reputation is an essential element in the family offices' context as well, as in the present dynamic world, things are running at a fast pace, and all are interconnected digitally. Reputation management means the whole cycle of weekly or monthly scanning for urchins who may distract the peace and perhaps the goods from robbing the house of the perception of a quiet and peaceful office. In fact, this business is not just about damage control. Let's have a look at the major points: It involves a continuing positive engagement of a family office with the public, clients, partners, and other stakeholders about its proposition, and counseling them about the brand's strategy. What these services are, how they function, and who in a family office should decide to use these services are among the issues that we explore. The Increasing Relevance of Reputation for Family Offices The family office duties always comprise taking care of and ensuring the wealth of one generation after ...