Key Highlights

[00:01 – 06:56] Opening Segment

• Family offices outside of operating companies are relatively new in Australia
• A family office is defined as a corporate entity set up to manage the assets of a single family

[06:57 – 13:42] Leveraging Technology to Create Digital Family Offices

• How Shaun struggled with the ‘golden handcuff’ of working for a good business
• He started his firm four years ago to remove bureaucracy and build something to enjoy working for
• Technology has changed financial services, and multi-family offices are trying to leverage it

[14:43 – 22:17] Challenges for Family Offices in Australia

• The biggest challenge for Australian clients is putting in a full-blown tech stack
• Family offices often fall into a gray area between RIAs and institutional custodial relationships
• COVID has led to families relocating to Singapore and Australia in Southeast Asia for infrastructure, tax, and stability

[22:18 – 27:10] Exploring the Challenges of Asset Transition and Relationship Management with Family Offices

• Singapore is an attractive tax regime and has good staff, time zone, and capital allocation
• The baby boomer generation is exiting and rolling over assets to the next generation
• A good reporting structure helps engage with the next generation

[27:11 – 35:14] Closing Segment

• Sherpa Newsletter is a guide to the family office sector, sent out to 1000 people every two weeks
• Shaun’s daily practice

Additional Links:

Website: https://www.hallroad.com.au 

Shaun’s LinkedIn: https://www.linkedin.com/in/shaun-parkin-41973425/?originalSubdomain=au 

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/