1fs Wealth

Last week, it was our pleasure to join with investors for the launch of our latest investment round, which represents a significant milestone for the company, as we target continued growth and expansion. A huge thank you to everyone who attended and well done team for all your hard work behind the scenes to make the event such a success. Oliver D. Bobby Console-Verma Vitaly Nechaev Marcus Howe #wealthtech #investmentround #businessgrowth #fintech #wealth

Team GB have finished in the top 4 of the medal table at four consecutive Olympic Games 🇬🇧 But how do we size up against other countries GDP? 🤔 #Paris2024

Another interesting story here around investment trends and art. Fine art is quietly becoming an asset class of choice for investors seeking both financial returns and aesthetic enjoyment. Deloitte reports that 84% of UHNW and high-net-worth (HNW) clients now have a significant portion of their wealth invested in art. In support of this, Sotheby's has launched a first-of-its-kind securitization program. #fineart #investmenttrends #uhnw #artcollectors #wealth #wealthmanagement

Did you know - younger investors are more likely to collect antiquities. A study by Bank of America Private Bank has revealed some interesting trends. 🎨The majority of wealthy Americans with high-value art collections consider it important to pass their art on to children or heirs 🎨Those aged 44 and older are less likely to sell works from their collections in the next year (only 6 percent), compared to 25 percent in 2022. 🎨In contrast, younger collectors (ages 21 to 43) are more likely to collect antiquities, use art as collateral for loans, and purchase art within the next 12 months. 🎨Notably, 40 percent of younger investors currently own art collections worth $100,000 or more, compared to 17 percent of older investors. This generational shift also includes a higher expectation for financial performance from art assets among younger collectors. Story via ARTnews - https://lnkd.in/exqrwDje ⭐Our AI-driven 1fs Wealth platform is designed to help wealth owners and collector to keep track of their assets and the current value of their portfolios, at the click of a button. To find out more, message us or email info@1fs.co  Drew Watson #artcollector #artcollection #investmenttrends #wealth #wealthmanagement #wealthintelligence

Sotheby's launches new service for UHNWs. UK Sotheby’s International Realty has introduced a new service for ultra-high-net-worth (UHNW) individuals and multifamily offices. The service, known as “The Family Office,” will provide a one-stop shop for UHNW clients, offering access to top-tier trophy real estate, luxury assets (including fine art, jewellery, and cars), wealth management, investment advice, and legal services. UHNWIs will be able to discreetly buy and sell high-end assets through The Family Office, including multimillion-pound mansions, jewellery, and cars that do not enter the open market. The goal being to create enduring value for UHNWIs by facilitating access to coveted luxury assets not available through other channels. Read more here: https://lnkd.in/gbp2fTJX Benjamin Meyer #UHNWI #wealth #familyoffices #assets

Interesting interview here with Carman Chan, founder of Click Ventures, about why she believes 2024 is an excellent year for family offices to take advantage of emerging AI trends and to take AI-related bets. #familyoffice #AI #investmenttrends AsianInvestor

The Middle East and North Africa (MENA) region has a strong culture based on family ties, leading to a significant presence of family-owned businesses. These businesses account for 90% of the companies in the Middle East, generating nearly 80% of the region’s GDP and employing over 70% of the workforce. Forbes list of the top 100 Arab family businesses shines a spotlight on these businesses and the way they are evolving. #familyoffices #wealth #wealthmanagement #investmenttrends #middleeast

I’m delighted to be attending the 28th Annual Economist Government Roundtable. Some very important topics on the agenda - Geopolitics, Environment and Technology - providing valuable intelligence on many important issues that feed into our offering for wealth owners at 1fs Wealth. I’m really looking forward to meeting with existing clients and investors at the conference too, as well as forming some valuable new connections. The Economist #EconRoundtableGR

What are the key risks facing ultra-high net worth families? An interesting report here from global law firm Dentons, which has examined some of the key risks facing family offices, both internally and externally. This includes investments and other financial concerns, but also wider issues, such as cybersecurity, aviation, staffing and the impact of geopolitics. Edward Marshall #UHNWI #familyoffices #wealth #wealthmanagement

How are family dynamics developing amongst MENA family offices? ‘Wealth and Legacy: The Rise of Single Family Offices in MENA’ is the inaugural report by the Tharawat Family Business Forum and LGT Middle East. It reveals that 62% of single family offices in the region are now led by second generation family members. While more than 40% have next-gen family members making investment decisions and contributing at a strategic level. #familyoffices #wealth #wealthmanagement #nextgen #mena