FS Private Wealth launches

Financial Standard has today launched FS Private Wealth: The Journal of Family Office Investment.

FS Private Wealth is a quarterly journal, set in magazine format, aimed at bringing the latest articles and research relevant to the family office community. 

The online edition, www.fsprivatewealth.com.au, includes journal highlights and the latest news affecting family offices.

“Unlike in the US and Europe where there are a plethora of family office publications, we found that Australia suffers from a lack of information and research relevant to locally-established family offices,” said Christopher Page, managing director of Rainmaker Group, which publishes Financial Standard.

“We’ve identified that gap and believe a publication dedicated to the sector is long overdue,” he added.

Page predicts that the rise of multi-family offices in Australia will drive the need for a publication that can chronicle the growth and offer more insight on how local family offices operate, as opposed to those overseas.

“While some family offices, such as those of the Fairfax, Albert and Myer families are now managing the investment needs of the fifth and sixth generations, the majority of Australian family offices are new, created by the first generation within the past 20 years,” he said.

Even with the markets where they are, the aggregate wealth of the country’s top 200 individuals and families has topped $180 billion, according to figures compiled by BRW magazine. The minimum entry to the annual BRW Rich List rose to $305 million, up from around $60 million more than a decade ago.

“The market ebbs and flows, but family offices have to ensure their wealth is built to outlast market cycles. FS Private Wealth hopes to provide the information they need to do that, as well as inform them on other aspects of private wealth management,” said Page.

FS Private Wealth is the third title in the Financial Standard Journal Series, following the launches of FS Advice, a quarterly journal for financial advisers, and FS Super, a quarterly journal for the superannuation industry, last year.

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Tuesday, May 29th, 2012 EN

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