Working closely with SFOs (Single Family Offices) is an important segment of Pathstone’s business. This commitment has afforded us the opportunity to better understand several common and interrelated Trends within the Single Family Office community. Below is an outline of the main Trends that we continue to observe as we work with new and existing SFOs.  Several of the Trends overlap and we have noticed that best practices include thoughtful consideration of how integrating these decisions create the most successful path forward.

While the global economy continues to reopen, we keep our sights set on developments related to several major themes: what comes next for the virus, whether inflation proves to be transitory, when the Fed will start to taper asset purchases, clarity on infrastructure spending and tax reform, and trade relations with China, just to name a few.

Women are in a unique and special position as they increasingly serve as the main guardian and creator of their family’s legacy. A family legacy goes beyond estate planning and the transfer of wealth to include the beliefs, actions, and guidance demonstrated in your life that carry forward to future generations. A family legacy seeks to answer the question “To what end is this all for?” Upon reflection of that question, most women recognize that the passing down of core values is just as important as the transfer of money. And as master jugglers – leading point on everything from their family members’ social and emotional needs, to covering the basics of supplying a household – women know their family through and through. This puts them in a unique position to create their family legacy.