The Family Office’s operational approach evolved over the past years by adopting automation, digital transformation, and digitization, which helped us improve our services to center our work around clients.
Our previous operational approach focused on marketing through companies, funds, and deals. Today, we have shifted our focus to our clients’ needs and goals, and how to help them achieve these goals in the long term. This created the need to develop a new approach based on technology and driven by artificial intelligence.
At The Family Office, we expect the Federal Reserve to lower interest rates by at least 0.25% by the end of the year, with the possibility of two reductions at this rate. We also anticipate a reduction in interest rates of approximately 2% by the end of next year.
Private equity has been significantly impacted by rising interest rates and will be the asset class that benefits the most from their reduction.
When it comes to preparations for intergenerational wealth transfer, the biggest challenge is that the family size is growing faster than the wealth itself. Each family member must therefore work on generating new wealth to maintain the family’s living standard. Proper long-term planning, along with seeking suitable support and portfolio diversification, is essential to preserving wealth.
Watch the full interview above.