In many family businesses, succession or realignment becomes a time of stress, misunderstandings, fractured relationships, and even the erosion of both tangible and intangible wealth, including reputations built over decades. One of the important learning is that realignment or even framework for realignment must be done in happier times But it doesn’t have to be […]
Over the years, the question of what an advisor’s role should be in a family office has come up multiple times, especially with more families—both large and small—expressing interest in setting up family offices. It’s important to clarify that when I refer to an advisor here, I mean an individual rather than an institutional advisor. […]
The terms family office and investment office are often used interchangeably. However, in this context, we are focusing primarily on wealth and investment management, which I believe is an immediate and pressing need for families, particularly given the significant wealth creation over the last decade. The framework for an investment office can vary from highly […]
Before delving into the rationale for running an Investment office as a business, it’s essential to consider the depth of my experience with some of India’s large business families. My experience has been predominantly with North Indian families, but I believe that the principles and philosophies governing family offices are universally applicable across different regions […]
A family office is a specialized entity created to manage the diverse needs of high-net-worth families, combining financial, operational, and strategic oversight. Based on my learnings, the family office document should be designed with the flexibility to evolve as the family’s goals and the environment change. Each family is unique, so their family office needs […]
This note is based on my three decades of experience working with Munjal family of Hero Group and Dr Parvinder Singh of Ranbaxy. Family office as an institution, is the identity of the family. The institution defines the legacy we want to leave behind and is a conscience keeper. A. The Principles of foundation of the family office could be based on: B. Internalizing the principles of foundations helps in: C. Define […]
I have been asked this question quite a few times by some people on the role of an advisor of a family office (just to clarify, I am talking about an individual here and not institutional advisors). This issue has come up a few times in the last few months and it seems to me […]
The words family office and investment office have been used interchangeably but this blog relates primarily to wealth and investment management. I believe, investment management is the more immediate need of the families, given the significant wealth creation during last decade. The framework can be either formal or completely informal depending upon the size of the family, […]
Before I share my thoughts on the rationale for running a family office as a business, it is important to understand my experience and depth of engagement with some of the large business families. While my experience has been limited to North Indian families, but I do believe at a philosophical level there may not […]
There has been a debate in the recent past on what is driving the stock markets i.e. flows or fundamentals. In the last two months, most of the global market recovery has been driven by flows from central banks and not on fundamentals. Here are some facts to reflect upon: Flows: 1. There is a […]