During a time of hyperbolic headlines and social media hysteria, it’s important to avoid panic.

Family offices are grappling with increasing legal, tax and emotional costs of such intergenerational transitions during pending U.S. tax changes, high-profile legal battles within prominent families, and the changing expectations and demands of next-gen heirs.

Thanks to smartphones, no one needs to wear a watch anymore; and yet interest continues to surge, particularly among high-net-worth individuals who have come to view watches as another asset class.

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.

Crain Currency spoke with two women leading family offices about how they support women-owned businesses.

Family offices have traditionally been cautious about buying cryptocurrency. But recent developments have made the market more appealing to high-net-worth families.