Family offices invest in AI but are slow to use it in operations
Over half of family offices have built up portfolio exposure to generative AI technologies, with an additional 26% considering it. But only 15% of family offices surveyed by Citi were using AI for operational purposes.
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Netflix’s Hastings gives $50 million to Bowdoin for AI program
The billionaire's gift to his alma mater won’t develop AI technology but will be used to provide “a step forward in higher education’s growing role to provide ethical frameworks for technology."
Larry Ellison joins billionaires reshaping Florida real estate
The Oracle Corp. co-founder has spent at least $450 million on real estate in the town of Manalapan since 2022
Wealthy Britons embrace creative tactics to beat inheritance tax
The ability to pass on pensions and businesses mostly tax free will soon be gone, leaving the prospect of tax at as much as 40% and the unappetizing possibility of forced asset sales or the breakup of a business to cover the potential costs.
Peer to Peer Insights
The benefits of dividing assets at family offices
Anne Bucciarelli of Bernstein Private Wealth Management talks about the benefits of dividing assets and why informal conflict-resolution structures often fail.
The latest trends in family office compensation
Jody Thelander of the compensation data and consulting firm J. Thelander talks about compensation trends at family offices and how they’re competing for top talent.
How Emily Bouchard helps families navigate wealth, leadership, relationships
Bouchard, who helps wealthy families navigate the issues surrounding wealth and relationships, shares her insights on blended families, financial infidelity and strategies for maintaining harmony in high-net-worth households.