Good Capital: The Six Capitals of Value Creation
In the world of business and finance, the term ‘capital’ often refers to financial resources. The International Integrated Reporting Council (IIRC) broadens this definition by identifying six categories of capital that contribute to an organisation’s value creation. These are: Financial, Manufactured, Intellectual, Human, Social and Relationship, and Natural. 1. Financial capital Financial capital is […]
The Crucial Role of Investment Policy
Growing “good capital”: The crucial role of investment policy In the ever-evolving landscape of financial markets, it has become increasingly imperative for high net-worth (HNW) families, self-managed superannuation funds and philanthropic funds, including private ancillary funds, to ensure the preservation and growth of their wealth. These smart investors recognise that wealth goes beyond financial value […]
The Evolution of a Family Office
Setting up a family office is a transformative journey that requires careful planning, collaboration, and the integration of generational perspectives. While the founding generation may initially overlook or undervalue certain aspects of the process, their invaluable input regarding family values and aspirations is crucial for a successful transition. In this thought leadership piece, we provide […]
The Limitations of Solely Investing in Property
In the past week, I have had the privilege of engaging with two distinctive family offices. Both favoured a wealth-building strategy rooted in commercial property investments. The family founders, aged between 75 plus, ardently believe in the value of real estate as a tangible asset. This approach has proven successful historically. However, as the baton […]