As record numbers of wealth owners move and invest internationally, wealthy families face a critical infrastructure question: Should we replicate our wealth management systems in new countries? Local expertise will always be essential, but the definition of "local" can be expected to evolve over time. Consolidated data infrastructure is key to avoiding unnecessary operational barriers as global footprints and portfolios expand.
Once synonymous with opulence, private jets now face a reckoning with environmental responsibility. As climate concerns mount, we explore the changing landscape of luxury travel, diving into the challenges and innovations that are shaping the future of private jet travel.
Step into the realm of extraordinary train journeys, where the rhythmic dance of wheels against tracks forms the backdrop for an unrivalled luxury expedition. From Canada's Rocky Mountaineer to South Africa's exotic routes, join us as we traverse some of the world's most lavish rail adventures, seamlessly weaving indulgence with thrill.
Namibia, a geographically large country in Africa with a small population, is emerging as an attractive investment destination for high-net-worth individuals. With its stable political environment, sound economic management, and abundant mineral resources, Namibia appears to offer a unique combination of opportunities for business, investment, and even residence. In this article, we will explore the reasons why Namibia is gaining attention as an investment hotspot.
The allure of luxury rail travel continues to capture the hearts of discerning travellers, making an exceptional experience. From the iconic Venice Simplon-Orient Express to the routes of Portugal, these extraordinary train journeys promise a fusion of timeless elegance, world-class service, and awe-inspiring landscapes. Join us on a journey through some of Europe's most luxurious train journeys.
Champagne, Burgundy, and Cognac: French wine and spirits exports rose to a record level last year in 2022 thanks to higher prices. They grew by 10.8 percent to 17.2 billion euros, as the Federation of French Wine and Spirit Exporters (FEVS) announced. However, the quantities sold decreased by 3.8 percent due to the poor 2021 harvest.
Because of asset globalisation, the ultra-high-net-worth (UHNW) families have a plethora of choices to acquire individual investment solutions from around the world that meet their asset objectives.
The first half of 2023 sees the Swiss International Air Lines once more produce positive numbers. The airline made 2.5 billion Swiss francs in revenue, matching its previous pandemic-free first half of 2019. Swiss' operational profit increased to 338.3 million, a mere 40% increase over the same period in 2019.
Portugal is attracting digital nomads and wealthy investors with its blend of modern innovation, rich history, stunning scenery, and warm climate. Portugal offers a unique blend of factors that make it an attractive destination for digital nomads. The country has a vibrant startup ecosystem.
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Family offices were built to endure, not to expand without limit. Their strength has always come from clarity: knowing how capital is structured, why decisions were made and who carries responsibility forward. For decades that clarity emerged naturally. Teams stayed small. Structures stayed understandable. Decisions remained close to memory. Today wealth is scaling faster than that inherited model can absorb, and complexity is accelerating beyond the reach of informal understanding. The real risk is not volatility. It is losing sight of the structure that holds everything together.
Most family offices believe they are preparing the next generation. The evidence suggests they are doing something considerably more modest: including heirs in governance without equipping them to participate in it. The distinction matters because presence and preparation are not the same thing, and the gap between them is where succession risk accumulates.
Family offices take measuring investment performance seriously. From benchmarks to fee tracking, the infrastructure for investment measurement is continuous, detailed, and increasingly automated. Apply that same question to governance — how effective is your board, your family council, your oversight function? — and the answer is different. The structures may exist, but the measurement often does not.
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The defining question in Swiss wealth management is not whether artificial intelligence will replace the advisor. The more important issue is whether the information environment is coherent enough for productivity gains to hold in practice. AI has attracted attention because it promises speed, efficiency and automation. The real test is whether information across banks, entities, asset classes and documents can be brought into a form that is visible, current and usable in day-to-day work.
