Brought to you by: Monaco Life
In our previous White Paper on “When does it make sense to set up a Family Office” we explored the huge and unprecedented era of transfer of wealth from one generation to the next, as the world’s most affluent individuals approach retirement and contemplate their succession and wealth planning issues.
The needs of these families are extensive, complicated, and require expert advice, so many are considering a Family Office to help them manage this transition and provide a crucially provide a framework for the Next Generation (Next Gen).
The problem is especially difficult for many advisers is that they are ill-equipped to connect with these Next Gen clients who are technology savvy and expect a very different service experience than their parents did.
Having secured his first victory as Monaco manager, Philippe Clement told Monaco Life that he expects a tough challenge on Sunday, especially given his side’s difficulties on the road this season.
Lieutenant-Colonel Gilles Convertini has officially handed over command of the Carabinieri Corps to Commander Martial Pied, marking the end of 38 years of service under two Princes of Monaco.
Monaco-based designer of cosmetic actives Exsymol has signed a partnership with OceanoScientific Expeditions, which will in part help protect organisms living in little explored coral reefs.
The position of Secretary General in the Prince’s government, left open by the retirement of Robert Colle, is being filled by the current Deputy Secretary General, Marc Vassallo.