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No images? Click here How family offices can appeal to Gen-Z talent—and why they shouldCanada’s wealth advisory industry needs new, young talent. The average age of advisors is 53, with many already in the process of selling their books of business. Even so, the industry’s severe talent shortage in the face of an overall soft labour market isn't enough to attract the next generation. Part of the problem is a lack of understanding about what a career in the wealth advisory space can look like and what Gen Z-has to offer. How are family offices addressing this issue? It was our most popular article of the week. Where you'll find us
Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTStenner: I’m one of Elon Musk’s biggest fans. That’s exactly why this has to be said.The Tony Stark of our generation has achieved the genuinely impossible — and created a concentration of power, pay and key-man risk that should keep every serious investor awake at night. Let me be clear about something before you read another word: I am one of Elon Musk’s biggest fans. Full stop. I believe he is the Tony Stark of our era—the most consequential entrepreneur alive. Reusable rockets that NASA said couldn’t be built. An electric vehicle company that dragged a century-old industry into the future. Starlink delivering internet to active conflict zones. Neuralink. xAI. The list is genuinely staggering. I would put him on the Mount Rushmore of business visionaries without hesitation. And it is precisely because I hold him in such high regard that I feel compelled—as a fiduciary, as someone who has spent decades managing serious money for serious people—to say what most of his admirers are too dazzled to articulate clearly: He is now, simultaneously, the greatest concentration risk in modern investing. This article is brought to you by Stenner Wealth Partners+. MORE TOP STORIESWhat can family offices learn from Berkshire Hathaway?Reflections from Omaha 2018 to the post-Buffett era: enduring lessons in long-term capital stewardship Set sail on a luxury yacht: How to charter the right boat and crewWe asked Toronto-based charter broker Sarah McNally of Burgess to break it down for us RECENT ARTICLESWhere to invest $1 million in real estate todayOpportunity is knocking, four advisors say, with low global supply, attractive valuations for REITs, and rising demand Are your associates using AI in a responsible way?Family offices are conducting more due diligence to ensure family data is protected Seeing is no longer believing: Deepfakes put a new face on cyber security risk for family officesAs AI makes scams easier and cheaper, ‘It’s an arms race, and the bad guys, unfortunately, are a step ahead’ McCullough: What it takes to build an integrated advisory teamFamilies and advisors know that integrated advice is valuable, but taking down silos can be a real challenge, writes Tom McCullough Eight Canadian families who de-risked the oil-and-gas rollercoasterThey’ve made millions but are also diversifying—often in mining, real estate and public and private investment |