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所在平台: Udemy |
课程主页: https://www.udemy.com/course/family-office-family-wealth-section-5-non-financials/
课程评论：没有评论
## 家族办公室与家族财富 - 第五部分：非金融资产管理 本课程第五部分聚焦于**非金融资产管理**，旨在帮助学员全面理解“总财富”的概念，并深入探讨各类非金融资产的管理策略。 “总财富”涵盖了超高净值家族所拥有的全部资产减去负债的整体价值。这些非金融资产，如**房地产、艺术品、私募股权和下一代企业**，是构成多元化、稳定且具有增长潜力的财富组合的重要组成部分。值得注意的是，银行、多家族办公室（MFO）和独立资产管理（IAM）机构通常不擅长处理非金融资产，也难以提供实体层面的报告（如IFRS或GAAP会计）。家族办公室从业者必须认识到这一“盲点”。 本部分将通过具体案例深入剖析以下几类非金融资产的特点及其在整体资产管理中的重要性： * **房地产：** 除了货币价值，房地产更承载着潜在的增值和收入来源。这包括主要住宅、商业地产、土地以及开发项目。课程将详细介绍家族办公室可能负责的存量房产和项目的管理。 * **艺术品投资：** 艺术品兼具美学、收藏价值和潜在的财务回报，其估值和增值需要专业知识。我们将重点介绍这一资产类别的独特性，并提及许多家族正采用专业化的估值工具和收藏管理系统来系统性地分析其艺术品收藏。 * **私募股权与下一代企业：** 这类投资提供高风险高回报的独特机会，有助于构建均衡的资产组合，并促进家族下一代的传承和培训。课程将重点讨论家族企业（包括创业家族的核心业务）以及潜在的下一代初创企业等私人投资。家族企业管理将在另一课程中进行更广泛的探讨。
Section 5 - Managing Non-Financial Assets.Exploring the concept of a Total Wealth (Lectures16), we delve into managing non-financial assets such as properties, art, private equity, and next-generation businesses. The concept of total wealth encompasses the entire value of all assets owned by an UHNW family, minus any liabilities. These assets represent integral components of a comprehensive wealth portfolio, offering diversification, stability, and potential growth opportunities. Banks, MFO, IAMS do not deal with non-financial assets, so they are ill-equipped to report on them. Neither do they provide entity-level reporting (IFRS or GAAP accounts). Family officers need to understand this blind spot.We will deep dive into examples within each category to understand their significance in enhancing overall asset management strategies (Lectures 17):a. Properties hold value beyond their monetary worth, serving as tangible assets with potential for appreciation and income generation. This includes Primary Residences, Commercial Real Estate, Land and Development Projects. In this sub-Lecture, we will describe in more details the management of existing properties and projects , which the family office may be responsible for.b. Art investments combine aesthetic & collectible value for some family members, or the family foundation with financial potential, requiring specialized expertise for valuation and growth. In this sub-Lecture, we will highlight the factors that make this asset class special. Many families now analyse their collections in a professional manner, with valuation tools and collection management systems.c. Private equity investments and NextGen businesses offer unique investment opportunities with higher risk and return potential, contributing to a well-rounded asset portfolio as well as NextGen transition and training. In this sub-Lecture, we will discuss private investments, which include family businesses, including the core business of entrepreneurial families as well as potential NextGen startups. I will cover family businesses more broadly in a separate course.
