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No images? Click here McCullough: What it takes to build an integrated advisory teamFamilies and advisors alike recognize the benefits of integrated advice and management. The harder question, and the one Tom McCullough hears often, is how to actually build it. Without integration, families are left to manage their own advisors, each in their own silos. Conflicting recommendations must be reconciled, and risks often become visible only in hindsight. Families and advisors know that integrated advice is valuable, but taking down silos can be a real challenge. Here’s how to address it, according to McCullough, who is founder and chairman of Northwood Family Office. It's our most popular article so far this week. Where you'll find us
Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTHealthcare IT: Where venture still makes sense for long-duration capitalWith an aging population and the need for personalized medical solutions, the future is friendly for healthcare IT investors Over the next 20 years, Canada’s senior population is expected to grow by 68 per cent. That means demand for healthcare is set to grow exponentially. Aging populations will require specialized medical care, and their expectations are high, says Maria Pacella, managing partner of Pender Ventures in Vancouver. “We’re becoming, as a population, more knowledgeable,” she says. “We have more data at our fingertips, and we’re more demanding when it comes to personalized healthcare.” This article is brought to you by PenderFund Capital Management Ltd. MORE TOP STORIESMake sure your ‘shadow AI’ tools are not leaking sensitive dataAd hoc time-savers are often adopted quietly by family office staff, and leadership has no visibility into where data is going. It’s a treacherous area most are entering without any formal plan in place. ‘Layers on layers of fees’: Complexity is driving investment costsBut new types of investments ‘are changing the dynamic of how these fees work, for the better,’ and AI tools can help The secret weapon for finding efficiencies at the family officeEconomies of scale can help you save money at the family office. But another type of efficiency can be a powerful thing as well Where do you want to learn? A guide to family enterprise and family office education programs in Canada and the U.S.In a still-emerging space, interest is growing in research and academic programs that explore the complexities and opportunities of family wealth From defence to quantum tech, six industries drawing VC interest from Canadian family officesVC supporters are ‘reaching out to family offices at a greater degree than they ever have been’ Israelson: Setbacks for U.S. commercial real estate could mean opportunities for long-term investorsValuations are down from their pre-pandemic levels, and selective buyers may find bargains—if they know where to look |