Stonehage Fleming’s flagship fund passes USD1 billion mark
Fund Manager Gerrit Smit manages a concentrated, high conviction portfolio of 27 high quality businesses that are chosen for their sustainable growth potential, strong management team, strategic competitive edge and value.
The first-gen wealth creators who struggle to talk to their kids about money
Some entrepreneurs believe their wealth is there to be spent and want their family to enjoy it while it lasts. But a consequence could be allowing children to get used to a lifestyle they will not be able to sustain. “It’s very tough to bring your children up with one degree of comfort and expect them as adults to not have any of what they previously had,” says Matthew Fleming, partner at Stonehage Fleming, the multi-family office.
The families giving away their children’s inheritance to charity
“Many families are concerned about their children lacking purpose and drive and are keen to either shield them from the wealth, allowing limited funds to be passed down to the next generation,” Lucy Birtwistle, senior associate in Stonehage Fleming’s family office team, told CampdenFB.
“I've worked with next-generation family members who say ‘why go to university, what’s the point? No one's going to be impressed with what I do, because my entrepreneurial parents have nailed life,'" says Lucy Birtwistle, a relationship manager at Stonehage Fleming, a multi-family office.