In another transformative year for family office technology, artificial intelligence is unquestionably the current driving force for innovation and disruption. 

North American family offices saw their portfolio returns plummet in 2023, with an average return of 1%, compared to 15% in 2022, according to a new survey of 330 single family offices by RBC Wealth Management and Campden Wealth.

Digital vulnerability is one of the top security issues for wealthy families, with experts seeing an increase in nefarious cyber activity — including hacking, fraud, ransomware, data breaches

Family businesses are now operating in a world that requires re-examination of strategic priorities to avoid disruption so they can remain competitive and fulfill their long-term growth ambitions.

This week Sequoia Financial Group, a wealth manager that has more than $15 billion in assets under management, launched Sequoia Sentinel, a family office within the firm.

Tiger 21, an exclusive, global network of rich businesspeople—you need to pass a background check and hold at least $20 million in liquid assets to join—is looking to assemble its first group in Northeast Ohio.