Running a family office is a full time endeavor dealing with all facets of what will continue to produce success in the future, and having the resources that show you what’s around the next turn can end up being worth their weight in gold. This post hits on the key data/insights family offices should be looking at to secure their success. 

First and foremost, whether you’re running a family office, hedge fund or global financial institution the power of data is absolutely essential not only when it comes to accomplishing goals in the near future but more importantly in the big picture. Is your family office trying to maintain the status quo or really hit things out of the park? These are questions you need to work out internally. 

Secondly, once a clear direction has been established, family offices must operate like ninjas and move with the wind. Basically, get stuff done now and move quickly before others capture opportunities that you could have seen coming with the right data/people in place. And that’s one of the main reasons why family offices and other financial institutions come to us for help/guidance. 

Another key point is going with your intuition: What has made your family office what it is today? The times are always changing and if family offices can see what worked in the past and what’s on the horizon they’ll almost always win in the end. 

The Practical Contrarian specializes in guiding institutional investors around the world with customized investment solutions and proprietary market research. We are here to help