Membership UHNWI / HNWI Club

CHOOSE TO NETWORK WHERE IT REALLY MATTERS

Who are the UHNWIs and HNWIs?

1. High net worth individuals are defined by their net worth once you’ve accounted for their shares, properties, collectibles and other assets. It’s not enough to have a high income to be a high net worth individual, and depending on whom you ask the tiers of net worth can be confusing.
2. Ultra High NetWorth Individuals have a net worth of $30m and above.
3. High net worth individuals have a net worth between $1m and $30m, point at which they are considered ultra high net worth.
4. The step below is now considered a ‘mass affluent’ group, but there are talks of redefining the $1m (or even £1m) threshold in some countries.
5. The number of UHNW individuals is growing across the world, both in net worth and population.
6. The state of the world’s ultra wealthy population, or those with $30m or more in net worth, which expanded strongly, rising by 12.9% to 255,810 individuals. This was a sharp acceleration from growth of 3.5%, reflecting significantly more favorable conditions for wealth creation, despite still volatile geopolitics. Unsurprisingly, most can be found in the USA, in China and in Europe.
7. Buoyed by a synchronized upturn in the world economy, rising asset markets, and robust corporate earnings, the combined net worth of the ultra high net worth (UHNW) population increased by 16.3% to $31.5trn, implying healthy gains in average net wealth. A testament to the auspicious economic climate, the ultra wealthy population and its total net worth increased in all seven major regions, contrasting with the diverse performances seen a year earlier.
8. The global UHNW population is forecast to rise to 360,390 people by 2022, an increase of almost 105,00. The level of UHNW wealth is projected to increase to $44.3trn, implying an additional $12.8trn of newly created wealth over the next five years.
9. The share of women in the Global UHNWI population increased. The number of ultra wealthy women totaled just under 35,000, equivalent to a record-high share of 13.7%.
10. Hongkong overtook New York to become the worlds largest UHNWI city. Wealth creation was boosted by enhanced links with mainland China. New York posted the weakest growth among the top 10 cities.
11. Broad based wealth creation driven by robust increases in Asia and Latin America . All seven major regions recorded growth in their ultra wealthy populations and in combined net worth. The fastest growth was in Asia, which posted an increase in ultra wealth of 27%.

Old money vs. new money 

• There is a growing distinction between inherited wealth vs. self made wealth, with sectors like technology driving the number of self made UHNWIs globally and ‘new money’. In places like Europe it’s likely that wealth has already been running in the family for a number of generations if it hasn’t been squandered by the 3rd. 
• Regardless of how they got their money, younger UHNWIs are more technologically savvy and global in their outlook. They’re not all as internationally mobile as media might make us think but their level of openness is much higher compared to their boomer counterparts. 
• As far as display of wealth is concerned, most UHNWIs are very private individuals, suspicious of overt displays. This is especially true of new centres of wealth like the US West Coast where luxury consumption is skewed towards the experience (e.g. dining, wine, entertainment and travel), as opposed to the Middle East where a Vertu phone on display alongside another phone might not be such a strange sight. 

How do UHNWIs prefer to connect to one another and products or services?

• The wealthier you are, the bigger the pressures on your time. Despite all the technology, connecting is often better face to face or even over the phone, especially bearing in mind that UHNWIs are surrounded by staff or assistants who can filter through other means of communications such as email.
• Technology is facilitating the luxury digital e-commerce experience - it’s enabling the ‘holy trinity’ of newness, convenience and speed. While some brands have been slow to adapt, it would not be unusual to see future partnerships between luxury brands and platforms that have mastered the art of logistics. 

• At SFO the endeavor has been to bring the ULTRA rich on a common platform. 
• SFO Family Office Association (Family Office Association) is a global membership based organization dedicated to families of exceptional wealth and their Single Family Offices (SFO), Multi Family Offices (MFO) and Virtual Family Offices (VFO). We are committed to creating value for each family and their SFO / MFO / VFO that we serve; value that grows their wealth, strengthens their legacy, and unites multiple generations through shared interests and passions. We do this through proprietary research and hosting exclusive and intimate international events at world-class destinations that connect our membership with experts and industry thought leaders like you. Our events create face-to-face opportunities to build trust and spark lasting and beneficial relationships with the wealthiest families in the world.
• Our  private members’ club offering provides global family office services and business networking services around the world, 24 hours a day, 365 days a year. Our aim is to alleviate and empower both the personal and professional lives of those who value genuine fulfilment. Ranging from VIPs, Ultra-High-Net-Worth Individuals and CEOs, to High-Level Athletes, Corporations, Celebrities and Luxury brands, our members benefit from a high-standard 24/7 bespoke personal assistance anywhere in the world. From the ordinary to the extraordinary, from comfort-related to emergency requests, we operate in the purest  tradition within the strictest standards of quality of personalized service with your satisfaction in mind.

• As an SFO Family Office Association member, you will come face-to-face with some of the world’s wealthiest people in curated, intimate settings in Greenwich, Palm Beach, San Francisco, Miami, Martha’s Vineyard and Napa. You will be part of the conversation – a respected stakeholder in this privileged group. In an industry where all marketing looks the same, you will shine in private, intimate environments that foster conversations capable of seeding trust.

MEMBERSHIP BENEFITS

• Invitations to intimate settings with qualified Family Office Association members.
• The opportunity to host family-only events with your firm.
• Face-to-face networking opportunities around the world.
• Inclusion in our exclusive Family Office Association directory of trusted providers.
• Co-author white papers that we will market to our extensive network.
• Resource Library.
• Annual Retreats.
• Exclusive Access.
• Investment Summits.
• Cocktail Parties.
• Private Dinners.
• Best Restaurant VIP Access and Table Bookings.

EXCLUSIVE EVENTS

INVESTMENT SESSIONS • SOCIAL ACTIVITIES • IMPRESSIVE SPEAKERS • ROUNDTABLE DISCUSSIONS

SFO Family Office Association brings our community together to learn and socialize at invitation-only events at private resorts and residences around the world and may include among others the below communities:

LEGENDARY SPEAKERS FROM PARTNER ORGANIZATIONS ACROSS INDUSTRIES

• THE FAMILY BUSINESS NETWORK
• BUSINESS NETWORK INTERNATIONAL
• FAMILY BUSINESS MATTERS
• FAMILY BUSINESS UNITED
• FBN
• FBNASIA

MEMBERSHIP OPPORTUNITIES

PREMIUM MEMBERSHIP $5,000 Monthly  BUY NOW	PLATINUM MEMBERSHIP $15,000 Monthly BUY NOW	PINNACLE MEMBERSHIP $25,000 Monthly BUY NOW

 

Family Member & Single Family Office Executives
MEMBERSHIP OPPORTUNITIES

• Welcome to this private organization dedicated to successful individuals, families and their single family offices. We create value that grows wealth, strengthens legacy, and unites multiple generations through shared interests and passions.
• Join an exclusive community among the world’s most prosperous families. The Family Office Association is where successful families connect and share within a community that is as extraordinary as they are. Here you will be able to turn to peers for the specialized expertise and resources specific to wealthy families and single family offices. It is these connections, together with proprietary research, practical tools and methodologies, and access to top experts and thought leaders, that have made the Family Office Association so valued by its members.

INSIGHTFUL & RELEVANT EVENTS

• Relationships are at the heart of the Family Office Association. Our events create face-to-face opportunities to build lasting and beneficial connections. Our national summits in Miami, Palm Beach, Boston, San Francisco, Martha’s Vineyard, Los Angeles and New York blend world-renowned speakers with investment insight, thought leadership on timely issues.

FAMILY & SFO PRIVATE GATHERINGS

• Connecting with other families and other family office executives is essential to our members. That is why we have added family retreats and symposiums, intimate roundtables, and member-hosted gatherings in private homes to our calendar. Whether it is a topic-focused lunch roundtable for eight to fifteen families, a symposium in a member’s home, or a family office masterclass, these events are where peers can candidly share with peers in a sheltered, distraction-free environment.

WEALTH MAGAZINE

• Wealth is the flagship magazine that covers the topics most critical to family offices and wealthy families. It includes coverage of our national meetings, family symposiums, and topic roundtables, along with thought leadership from other families, family office experts and relevant, vetted content from the Resource Council.

THOUGHT LEADERSHIP

• Membership gives you access to thought leadership and original proprietary research on vital topics, cutting-edge family-office focused management advice, insight into key trends, and new opportunities and approaches for investing.
• Exclusive research on single family offices and successful families including best practices and real results
• White papers on timely topics by noted authorities
• Regular audio podcasts with industry leaders
• Proprietary investment data and statistics

FAMILY OFFICE TOOLKITS

• Our families share expertise best practices at our events and directly with each other. We work to capture that expertise in practical family office toolkits that we publish regularly. Toolkits Include:
• Starting and restructuring guidance, tips and cautions
• Vision and mission templates
• Family constitution
• Board and committee charters and bylaws
• Working agreements
• Investment policies
• Next generation planning

BECOMING A MEMBER

• Our organization puts an emphasis on the personal connection among family offices, as well as resources. Friendships, business connections and shared expertise are what make the Family Office Association unique, and why we are careful to build our membership by personal introductions and referrals. Qualified prospects are invited to join at one of three levels best suited to their needs. Dues are paid by credit card monthly or annually in advance at a discount. Members may cancel at any time during the year.