A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.
Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.
The story of the unlikely grassroots movement that saved a beloved business
US wealth manager Abbot Downing has established a new business strategy to better focus on single family office clients, with its president stating that more investment entities are transitioning into family offices in the face of increasing regulation.
Impact investing is at a stage where family offices can get involved without having to chart unknown territory, according to a new appointment at Trusted Family, who previously worked for LGT Venture Philanthropy.