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Family Office

Financial services to make 100,000 millionaires by 2017

MARK SMITH  |  TUESDAY, 3 SEP 2013
A booming financial services industry will account for an explosion in the number of millionaires over the next four years, according to a report by WealthInsight.

Wealthy parents fear kids can't handle family fortune

MARK SMITH  |  THURSDAY, 29 AUG 2013
Almost three-fifths of wealthy parents lack confidence in their children's ability to handle a large financial inheritance, according to a recent survey from Bank of America private wealth subsidiary U.S. Trust.

Gina Rinehart offers olive branch

AAP  |  MONDAY, 5 AUG 2013
Mining magnate Gina Rinehart has written to her two children, making an offer which she hopes will bring their litigation to an end, a court has heard.

Perpetual encourages women writers

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
Perpetual has awarded Australian women writers through the Kibble Awards, an initiative managed by its charitable trust that consolidates its position after 20 years in the philanthropy space.

Fraud and cybercrime biggest non-investment risks to family offices

MARK SMITH  |  TUESDAY, 23 JUL 2013
Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them, according to The Family Wealth Alliance's 2012 Inaugural Security Study.

Buffett gives $2 billion to Gates Foundation

MARK SMITH  |  TUESDAY, 9 JUL 2013
Legendary investor and billionaire Warren Buffet has continued his annual donation plan by giving more than $US2.6 billion ($2.9 billion) worth of Berkshire Hathaway stock to five charities.

Advisers saturate HNW space

LAURA MILLAN  |  THURSDAY, 27 JUN 2013
An increasing number of advisers are turning their attention to servicing high net worth (HNW) clients, a market that is fast becoming overcrowded according to Harris Fraser managing partner Marc Geary

Australian millionaire numbers surge on strong economy

MARK SMITH  |  THURSDAY, 20 JUN 2013
The Australian high net worth (HNW) market is growing faster than the global average, according to the 2013 World Wealth Report.

Credit Suisse awarded best UHNW service provider

LAURA MILLAN  |  TUESDAY, 18 JUN 2013
Credit Suisse has been awarded the award for best institution for its ultra high net worth (UHNW) service offering at the Australian Private Banking and Wealth Awards.

More Asian HNWs enlisting private banks

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
Asian high net worth (HNW) investors are increasingly enlisting the services of private banks to manage their wealth, according to Australian banking research and advisory firm East & Partners.