Newest Insights about Legacy

How Asian family businesses respond to four global challenges

Article

Although certain business challenges are universal to family offices across the globe, the way in which Asian family businesses experience, prioritise, and tackle them is unique. We deep dive into four key global family office challenges and how they are experienced within the Asian context, reflecting upon the unique set of underlying influences that shape the Asian response.

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All Insights about Legacy
How branding can put family-owned businesses and family offices ahead of the pack
Legacy
How branding can put family-owned businesses and family offices ahead of the pack
Article

While most successful families consider heritage branding extremely beneficial, not everyone takes full advantage of this extraordinary marketing tool. According to statistics, only one-third of the top 100 family businesses focus on their brands as family-owned, even though purposefully highlighting your multi-generational story comes with a solid set of bonuses.

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On building modern and future-ready family offices
Legacy
On building modern and future-ready family offices
Article

The common misconception is that the family office asset management style only suits ultra-high-net-worth individuals and companies. But how about the less-high-net-worth ones? Here are a few suggestions on implementing top-notch financial management practices on a business of virtually any size to take a load off your staff and enhance productivity.

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Why emotional intelligence is the key to intergenerational succession
Next Generation
Why emotional intelligence is the key to intergenerational succession
Article

Intergenerational succession represents a significant challenge to family business. Though a common problem, misalignment between generations needs to be addressed for businesses to thrive into the future. Emotional intelligence could well be the key to bridging the gap. We take a look at how mentorship – and increasingly mindfulness – are helping family businesses to cross the chasm.

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5 lessons for family offices from HBO's Succession
Communication
5 lessons for family offices from HBO's Succession
Article

HBO’s mega-series Succession follows the decaying empire of a dysfunctional media family - a template on precisely how not to run your family office. Here are five lessons that we can learn from Succession, before putting them into practice in the process of running family offices.

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How can the next generation turn pre-contemporary art into meaningful wealth
Next Generation
How can the next generation turn pre-contemporary art into meaningful wealth
Article

As the greatest wealth transfer in history is underway, noteworthy heirlooms such as important art collections, historic real estate are being taken over by a new generation. Can these inheritors embrace their new ownership and find ways to make it a meaningful relationship – or will the family jewels be destined for the auction houses? We explore some options.

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Successful on and off the stock exchange –  governance practices in family firms
Governance
Successful on and off the stock exchange – governance practices in family firms
Article

The stock exchange and family firms – two irreconcilable terms upon first glance. Going public seems to mark the beginning of the end for family firms and to entail an entirely different type of governance. But the book “Successful on and off the stock exchange – Governance practices in family firms” written by Dr. Sonja Kissling and Dr. Bianca Braun shows that this is not true.

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Legacy and succession planning trends and advice
Next Generation
Legacy and succession planning trends and advice
Article

Only 3% of family-owned businesses survive until the fourth generation and beyond. There appears to be a cross-generational disconnect with family owned business succession. We explore past and present trends and cast a glance to the future regarding successful planning to help ensure legacies live on and thrive.

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Five approaches for engaging the next-generation
Next Generation
Five approaches for engaging the next-generation
Article

For many family offices, succession is the most complex and significant challenge faced over the course of their life cycle. Next-generation engagement is fundamental in ensuring that their legacy continues well beyond their tenure. Here are five approaches to aid next-gen engagement.

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A Simple guide to Family Offices
A Simple guide to Family Offices

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Family Office Software Review 2020
Family Office Software Review 2020

Private wealth owners around the globe are busy retooling their operations using family office technology. At Simple, we constantly evaluate the family office software landscape.

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Family Office Trends 2020
Family Office Trends 2020

Family offices, like most organizations, are facing some interesting times. How can Family Offices be resilient and ever more relevant in this changing landscape? Here are our top ten trends which we believe will define the next decade of family offices.

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Family Office Trends 2021
Family Office Trends 2021

2020 has been a year of monumental change, as everything from daily routines and long term ambitions have been disrupted beyond recognition. As people around the globe strive to press on in an uncertain future, we explore the top 10 trends that family offices and privately-owned businesses should be aware of as they move into 2021 and beyond.

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Multi-Family Office Review 2020
Multi-Family Office Review 2020

For some, the term ‘multi-family office’ may conjure up images of an industry stuck in yesteryear. However, as a new influx of wealth owners make their way into the private wealth space, things are changing — specifically in the multi family office segment. Here’s our review of the multi-family offices in 2020.

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Simple solutions for complex times.