|Family offices are spending up to 75% of its time on reporting due to inefficiencies, according to research from the Family Office Exchange.|
|Baby boomers are driving an increase in the establishment of private ancillary funds (PAFs) following liquidity events such as the sales of a business, according to national accounting and advisory firm William Buck.|
|A former super fund chief executive, a technology venture capitalist, a private wealth management expert and a financial services company CEO joined forces to uncover some of the country's outstanding philanthropic initiatives.|
|Over two thirds of US family offices (69%) are currently engaging in direct investing, according to the 2016 Family Office Exchange Global Investment Survey.|
|Blue Sky Venture Capital has financed the first capital raise for wine website Vinomofo, committing $25 million to support overseas growth for the Australian business.|
|The Packer Family Foundation and Crown Resorts have announced an eight year commitment to a new arts education initiative in Perth and Melbourne.|
|Australian charities must make corporate-minded changes or risk facing extinction, according to wealth manager Koda Capital.|
|Wilson Asset Management has joined Pledge 1%, a global corporate philanthropy movement that commits to donating 1% of product, 1% of equity, or 1% of employee time to improve communities around the world.|
|Superannuation funds have been ramping financial advice services but they are not likely to enter the underdeveloped estate planning market in the near future.|
|Measurement and sampling ("rotation") issues suggest that the Australian labour market is definitely not strong as what the seasonally adjusted numbers indicate.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
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