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No images? Click here The Ten Domains of Family Wealth, Part 1: Family-Advisory RelationshipsIn this 10-part series, we explore the Ten Domains of Family Wealth, a comprehensive framework for understanding the issues facing wealthy families conceived by the Ultra High Net Worth Institute, headquartered in New York City. In this inaugural edition, we focus on the Family-Advisory Relationships (FAR) Domain. “The Ten Domains of Family Wealth are about client needs; they’re not about the client and they’re certainly not about service offerings,” says Tom McCullough, a partner with Corient in Toronto who also serves as managing director of thought leadership and strategy with the UHNW Institute. As the Domains have been adjusted over time, what was originally called the “Advisor-Client Relationship” evolved into its current incarnation. “It seems like a small change, but I think it reflects the deep thinking of the institute as we learn together,” McCullough says. Where you'll find us
Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTWhy family offices should care about fraudFraud–and investment fraud in particular–is one of the fastest-growing crimes in Canada. Data from the Canadian Anti-Fraud Centre (CAFC) shows that between 2022 and 2025, Canadians lost more than $2.4 billion to scammers. In 2025 alone, Canadians lost $704 million, up more than 300 per cent from 2020. But with only between five per cent and 10 per cent of frauds reported, these losses represent a fraction of the impact. In its 2024 Family Office Cybersecurity Report, meanwhile, Deloitte found that 43 per cent of family offices globally had experienced a cyberattack. This increased to 57 per cent for family offices in North America, and 62 per cent for family offices with more than US$1B in assets under management. These articles are Member Content, provided by Foster Family Office. MORE TOP STORIESTwenty of the world’s most valuable family-owned or -controlled sports franchisesPrivate equity is making inroads into the world of sports ownership, but families still control the most valuable franchises
A philanthropic model that works: Upside Foundation‘Family offices have an important role to play because many advise entrepreneurs before major liquidity events’ Why art should be part of estate planning'There is a growing realization that art collections are becoming more valuable over time and families are starting to take a more holistic view of their wealth overall' Israelson: Why wealth migration to New Zealand is growing—fastSafety, stability and very generous paths to citizenship are driving a six-fold increase in wealth migration applications to the land of the kiwi MORE FROM OUR SUMMER WEALTH REPORTCanada’s wealthiest neighbourhoods: a snapshotCanada’s wealthiest neighbourhoods come with more than eye-watering price tags. They also come with history, ambition and legacy baked right in Making ownership work: Lifestyle assets and the family officeLifestyle assets like luxury homes and collector cars bring special tax and legal considerations for family offices Wealth migration is accelerating. Here’s where the rich are moving.From Costa Rica and Panama to Singapore and New Zealand, these 10 countries are prime destinations for ultra-wealthy migrants |