View this email in your browser

Featured article

Single-family offices are increasingly relying on MFOs for expertise

As wealthy families grow, their needs become more complex. They require more sophisticated advice, and that gets expensive.

These higher costs are making it challenging to manage a single-family office. It’s why SFOs are increasingly partnering with multi-family offices to access the technical expertise these larger operations offer.

Smaller SFOs that aren't at least exploring this trend are falling behind, one expert says. "Running a full-fledged SFO is expensive, complicated and increasingly unnecessary."

It's our most popular article so far this week.

Where you'll find us

Check out our homepage for the latest from Canadian Family Offices.
If you use LinkedIn, our page is here.
Feel free to send us feedback at info@CanadianFamilyOffices.com

Thanks for reading!

Member Content

The importance of ‘tax alpha™’ for family offices/wealthy investors

Taxes tend to be the single-family office’s largest annual cost, says Thane Stenner. Here are strategies for minimizing them.

Stenner sat down with Canadian Family Offices to share how SFOs and uber wealth investors can boost investment returns by applying tried-and-true tax-efficient strategies to investment portfolios.

Why is it important for ultra-high-net-worth families and their family offices to adopt a ‘tax alphaTM’ approach to managing their investment portfolios?

Over and above fees, the number one annual cost for SFOs is tax. Even though it’s the biggest expense, many SFOs are not focused enough on tax minimization strategies. This is a missed opportunity. Tax optimization can save or defer anywhere from one per cent to three per cent per year on your portfolio over time. Put another way, reducing the amount of “tax drag” adds extra return to the overall portfolio over time. The impact is significant.

This story is brought to you by Stenner Wealth Partners+.

More This Week & From Our Archives

No fads, low volatility and a global approach are paramount at women-led Coriel Capital

Purchase by CI Financial has cleared the decks of non-core business distractions, says Marjorie Skolnik

Tim Pickering’s drive to bring commodities diversification to Canadian investors

CIO shares thoughts on working with regulators to bring commodities to a wider market through ETFs and mutual funds

What do you need that you don’t have? We asked family office leaders

Additional resources and supports could propel Canadian FOs to a higher level of sophistication, effectiveness and professionalism

Special report: Charities scramble to engage the next generation

Organizations that don’t consider young peoples’ views are in danger of being left out