`` You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. `` ``The Pritzker Organization is strategically investing in Wellspring Family Office, a Cleveland-based multi-family office.  `` ``According to Wellspring CEO Michael Novak, the deal differs from the industry norm of advisory firms opting for private equity partners with short-term time horizons. In an interview with WealthManagement.com, Novak detailed how a PE deal would be the ...

Core Viewpoint - The introduction of the "Nansha Financial 30 Measures" marks a significant policy shift in China, emphasizing the inclusion of family offices and diversified investment institutions, which is seen as a major benefit for the family office and family asset management sectors [1][2] Group 1: Family Office Industry Development - The family office industry in China is experiencing rapid growth, with over 3,700 existing enterprises related to family offices, and an annual increase of over 400 new entities from 2021 to 2024 [1] - The demand for wealth protection and inheritance is surging, with an estimated 19 trillion yuan, 51 trillion yuan, and 98 trillion yuan expected to be passed down to the next generation over the next 10, 20, and 30 years respectively [1] - The family office sector is still in its early chaotic development stage, with many practitioners lacking a clear understanding of the "buy-side" advisory role, often focusing on selling financial products instead [3][4] Group 2: Challenges and Opportunities - The average wealth transfer duration for Chinese families is only 30 to 50 years, compared to over 100 years for many Western families, highlighting the urgent need for effective wealth management solutions [5] - The family office industry faces challenges in transitioning from a sales-driven model to a service-oriented approach, requiring significant changes in both mindset and operational practices [6] - The "Nansha Financial 30 Measures" are expected to create a favorable environment for the family office industry, encouraging innovation and the establishment of industry standards [7][8] Group 3: Policy Innovations and Recommendations - The Nansha region is positioned as a testing ground for innovative policies, with suggestions for establishing regulatory frameworks, talent cultivation bases, and long-term capital investments to support the family office sector [7][8][9] - Proposed measures include tax incentives, government subsidies, and the establishment of a family office talent training base to attract more family office enterprises to Nansha [8][9] - The establishment of a cross-border asset management center in Nansha is anticipated to enhance global asset allocation efficiency and attract international capital [10]

Core Insights - Leo International Group has acquired a controlling stake in SPOABG AG, now renamed Leo International Precision Health AG (LIPH AG), marking a significant milestone for a Taiwanese-founded enterprise on the Frankfurt Stock Exchange [1][3][5] - This acquisition is part of Leo International's global expansion strategy, focusing on AI-powered precision health and establishing a global investment platform [5][8][12] Company Overview - Founded in 1926, Leo International Group is a fourth-generation family-owned enterprise based in Taiwan, with a mission centered on "Caring for People, Advancing Humanity" [4] - The Group's portfolio includes biomedical innovation, wealth succession, and high-end lifestyle services [4] Strategic Expansion - The acquisition allows Leo International to leverage Germany's Frankfurt Stock Exchange, which has a market capitalization of EUR 1.97 trillion and attracted EUR 1.6 billion in biotech and medtech investments in 2024, a 70% increase year-on-year [6][8] - The company aims to utilize Germany as a launchpad for its "Precision Health Trinity," which includes AI-driven drug discovery, AI-enabled diagnostics, and community-focused medical services [7][14] Investment and Growth Strategy - Leo International plans to attract sovereign wealth funds and global investors to build a robust cross-border precision health platform [12] - The establishment of a Single Family Office in Singapore will manage multigenerational capital and align with the Group's long-term vision for social impact and wealth succession [9][10] Future Outlook - The company is exploring dual listings and collaborations with the London Stock Exchange Group to enhance regional relevance and address global healthcare needs [13] - Leo International's journey reflects a blend of heritage and innovation, positioning itself as a leader in health-tech with a commitment to industrial growth and global impact [16]