Family Office, the silo trap

more+
less-

Since the financial crisis wealthy families have looked for broader diversification and engaged with two, three or more banks. They have now created different silos at various institutions. This causes multiple problems for these families, as the bankers handling the relationships at the different silos, are generally uninformed of what assets and structures are held at the other bank, making it impossible for them to provide complete, accurate and timely advice.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© ronald holtkamp | Attorney Advertising

Written by:

more+
less-

ronald holtkamp on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×