Family Office Reputation & Luxury Watches

Family Office Insider (FOI) | July 2022

Hello, and welcome to this month’s premium edition of Family Office Insider (FOI) from Global Partnership Family Offices (GPFO).

At a glance:

1. Managing Reputation in the Family Office - The session was chaired by Michael J. Oliver, and welcomed insights from Nicholas Whetherly, Polly Wilkins, Stuart Leach and James Hann which covered practical topics including communication, legal considerations and digital aspects of reputation management in the family office.

2. The Luxury Watch Marketplace - Luxury watches have outperformed vintage cars and bitcoin over the past year | +28% (source: Subdial Watches). This month Tim-Hendrik Meyer, Thomas Rickard & August Puusa of Watchmaster, hosted a private briefing over lunch on luxury watches. We share some market insights below.

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1. Managing Reputation in the Family Office

The session was part of the Family Office Solutions (FOS) Series, a series of forums focusing on different topics that impact the operations, administration and general running of a Family Office, it aims to build on best practice via peer-learning and insights from best-in-class advisors.

Kindly summarised and edited by Hugo King-Oakley and Ritika Banerjee

Family offices are generally deliberately discrete and as such, are often not prepared for the fallout when either their personal or business dealings get dragged into the 21st Century glare of mainstream and social media. This session was chaired by Michael J. Oliver, and welcomed insights from Nicholas Whetherly, Polly Wilkins, Stuart Leach and James Hann.

Today we summarise the key questions raised and the insights and advice shared by panellists:

Why is reputation a real issue for family offices?

Stuart Leach addresses the opening question of why reputation is an issue for family offices. He notes that one’s reputation is their most important asset. It cuts across all aspects of life, having an enduring impact on tangible assets and operating activities, making it essential for family offices to guard it closely.