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Featured article

‘Surprise! You own a warehouse’: How wealthy people lose track of their assets

We all lose things—socks, glasses and keys, for instance. Usually, we notice right away and take action. But what if we didn’t know they existed in the first place?

For families with broad holdings, complex financial structures and multiple family groups, surprisingly large and important assets—even property—can go astray, often without anyone noticing.

It happens more often than most families realize, one advisor said. Misplaced stocks and insurance policies and overlooked royalty income are common.

This article was our most popular of the week.             

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PARTNER CONTENT

Video: MyFO’s Simran Kang on the evolution of her family office software

In this video, you’ll find an engaging conversation between Canadian Family Offices’ Ashley Redmond and MyFO’s Simran Kang. Kang is the founder and CEO of MyFO, an award-winning family office software firm based in Vancouver. She is the recent recipient of top Female Executive from the 2025 Family Wealth Report Awards.

Redmond and Kang discuss:

  • Common challenges family offices face and how tech is solving for them.
  • The demand for real-time data coming from all generations, not only young people.
  • AI as a tool for data ingestion and enrichment, and the key problem MyFO is consistently solving for: getting all of the data in one place.

This story is brought to you by MyFO.

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More this week & from our archives

Forgotten contracts, word-of-mouth deals and unpaid tax: Liabilities can come back to bite

Unresolved obligations from the early days of a family business can linger long after the original owner has passed

How much do you need to launch and run a single-family office?

We asked 10 advisors for their thoughts about complexity, family needs and, of course, money

Recognizing the full value of art and collectibles

From fine art to classic cars and comic books, collectibles often require special tax, philanthropy and legacy considerations, says Scotia Wealth Management’s Robyn McCallum