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How can wealth management firms be prepared for turbulent times? [Farnoush Farsiar]

Generational change. Farnoush Farsiar Global mobility. Technological transformation. These are only a handful of the most significant changes that are affecting family offices and fundamentally threatening their structure and methods, writes Farnoush Farsiar for EU Today. Farnoush Farsiar Family offices are increasingly catering to the mobile, younger generation. All clients, regardless their age, have become interested, regardless of their financial status and in managing their own investment portfolios. That means they are looking for more information and involvement , not just the services of a portfolio manager. Farnoush Farsiar These changes, which come in a period of unprecedented economic and political turmoil are a sign of the demise of the family office model that is based on fees. If an office attempts to keep its old ways of doing business, they will find it abandoned by those they supposed to help. https://www.cbetta.com/director/farnoush-farsiar-aidi-2 They must be agile and creative in managing investments in order to give UHNWIs with a genuine value proposition. Farnoush Farsiar Although the scope and size of family offices are varied, it is important that they focus on efficiency and speed rather than being experts in every aspect. Clients would appreciate a smaller staff of advisors capable of rapidly implementing new technologies and also bringing on board external specialists whenever needed. These changes will require the blurring of lines between private banking and family office The most successful companies will be those that maintain the trust and loyalty of their clients. trust of a family office whilst remaining ahead of the curve with the sourcing of deals and embracing technology. Farnoush Farsiar It is a good idea if you are able to use traditional methods, such as reputation and network-based strategies for dealsourcing. You can also do this by making use of online tools to identify deals and opportunities. Wealth managers can utilize deal sourcing websites to find deals and opportunities. They are much easier than large, cumbersome banks who are stuck in large-firm bureaucracy. Dealmakers can make use of these platforms to quickly browse and evaluate a variety of deals, resulting in significant savings of time and resources. Wealthica and other dashboard services like Wealthica are also revolutionizing how family offices communicate directly with their clients. These dashboards consolidate investments automatically from multiple sources and put clients in daily communications with their investment portfolios. This is a vast improvement over the previous system of wealth managers who only provide periodic updates regarding the progress of their clients' funds. The tools can be utilized to help wealth managers improve efficiency and speed. The most important factor to consider when investing is the strategy that underpins these tools. Farnoush Farsiar The secret to success is combining traditional methods with new ones. You will continue to seek out deals on real estate and will also be looking at opportunities to invest that were previously not explored like food security or climate science. Impact investing has certainly "arrived" in the world of family offices. According to the UBS Global Family Office Report 2018 one-third of family-owned businesses are involved in impact investment with the majority expecting to grow the amount of involvement they have in the coming years. There are a myriad of issues with this field including the difficulty of determining impact and performing due diligence. However, the next generation UHNWIs, and HNWIs, will expect family offices can determine and secure investments in this area. Plato Capital is a boutique bank that offers investment advice. It draws on the knowledge of its founders who have worked in big banks, family offices and the tech industry to provide entrepreneurs with investment guidance. Our connections and experience of the local region allows our clients to reduce risk and maximize their capital return. Wealth managers of any age can survive in turbulent times by mixing old and modern, adjusting quickly to the changing demands, and being open to taking risks with their own structure.

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Farnoush Farsiar discusses challenges women entrepreneurs face

In the last few decades women have made massive advancements in leadership. But, Farnoush Farsiar an veteran leader in the wealth and financial management sector, says that women are still facing unique challenges that male counterparts do not. They are often overlooked and must work twice as hard to make a name for that they are worthy in a world run mostly by men. They have to balance their work and family life. It can be hard to manage both roles because both require lots of time and energy. Women can tackle any business obstacle by employing the appropriate techniques and strategies. Women are still an underrepresented group in management and executive positions Women who run businesses typically face different challenges than their male counterparts. This can be a challenge especially if you're in a minority. Women make up the majority of workers yet men more than women in management and executive positions. This can sometimes make it challenging for women to be heard as equally valued members of the team. Business leaders who are women may be the victims of discrimination or harassment based on gender. Related Articles Top 5 Benefits Of Outsourcing For Your Business Mark Lyttleton on the importance of private companies being Financially Sound In-Person Events Vs. Virtual Events: What are the Differences? 4 Reasons Why Tape Over Glue is Smart for Your Business This can lead to an atmosphere that is a source of anxiety and fear, which can make it difficult to perform your job effectively. Farnoush points out that women business leaders are making impressive leaps despite these challenges. They have demonstrated that they are capable of succeeding in any field. https://www.difc.ae/public-register/rumi-investment-limited/ Farnoush Farsiar claims that women face the biggest problem in. The most significant challenge faced by female entrepreneurs is the lack of equality. Success in business is contingent on the equality of all employees. Women CEOs face a greater likelihood of being dismissed from their posts, which is why it is a challenge to achieve. Women CEOs face the highest risks of being dismissed when businesses are performing well. Junior managers will find it more difficult to speak out about issues that they face when CEOs don't have the right to claim equality. This can make it difficult for women to be employed in a male-dominated environment. It also makes advancement difficult for women employees. Farnoush Farsiar explains how this can ultimately lead to a lack of diversity at the top ranks. Farnoush Farsiar Farnoush Farsiar The end result: A negative effect on the bottom line The absence of mentorship and assistance for women entrepreneurs Another problem women leaders have to face is the difficulty in gaining access to established networks. Farnoush reminds us of the fact that men historically had access to the powerful "boys group" of business associates. Particularly vulnerable are areas of wealth and financial management areas that are dominated by males. Men also like having connections that aid them move up in their careers. Sometimes, women find it difficult to break into these types of groups. They might not be considered to be serious by their male colleagues. Consequently, women in business might not be supported or mentorship, and their hard work may be disregarded. However, the growth of social media and other network platforms has allowed women to develop strong networks and build support systems. This could assist them to overcome the challenges without internet access. Women working in businesses are perceived as more "emotional" Farnoush Farsiar said that it is common to believe that women aren't as capable as men of running a business. This could be due the fact that women are often considered to be more emotionally driven. Farnoush Farsiar This can make them seem less sensible, less stable and therefore more "aggressive." Farnoush Farsiar claims that women are more emotionally expressive and that men feel threatened or attacked when women manage them. This can result in women being less skilled or capable than men. Women should be aware and open to shifting their perspectives to counter this. They should also strive to be concise, clear and confident in their communications. The role of companies is crucial in enhancing perceptions. In addition to creating an environment where everyone feels heard, it is essential to ensure that everyone feels acknowledged. They can change the perception of women in business and leadership by doing this. They are able to show their potential and show that they're as skilled as everyone else. Additionally, leadership programs designed for women can help develop these capabilities. The balance of work and personal life is another challenge facing women the top positions. Farnoush Farsiar reminds us that "women continue to be the primary source of the vast majority of unpaid domestic work." In addition, if they must work hard, this can cause them to be stressed. A lot of women feel pressure to excel in all areas of their lives. This can be very stressful. It is important for women who are leaders to be aware that it's okay not to all the time. It is okay to ask for help. Employers need to create an atmosphere that allows employees to find balance in their work-life. Flexible working hours, telecommuting hours and parental leave policies can all be offered. Farnoush Farsiar offers possible solutions to the problems faced by women business leaders Farnoush believes that despite the obstacles women leaders confront, there are many ways to help them overcome them. There are a variety of solutions: Programs for leadership specifically designed for women: Farnoush insists that leadership programs for women are crucial. They will help women gain the confidence and skills necessary to succeed in leadership roles. Learn how to effectively communicate: Women leaders often encounter communication difficulties because of the belief that they are more emotional than men. To counter this belief that women are more emotional, it is vital for women leaders to be capable of communicating clearly and confidently their ideas. Farnoush Farsiar Working together with HR in order to influence policies: Women leaders may work with HR in order to design policies that are more inclusive of both genders. This will help create a more balanced and more equitable workplace that is inclusive of everyone. It's no secret that women leaders are faced with unique challenges that differ from their male counterparts. The good news is that you can overcome the challenges women leaders face by using the appropriate tools. Women leaders can achieve success through being aware, and using all the solutions that are available to overcome the challenges they face.

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Farnoush Farsiar discusses challenges women entrepreneurs face

Over the past decade the role of women in leadership has achieved huge progress. But, Farnoush Farsiar an experienced leader in the financial and wealth management sectors, states that they still face unique problems in comparison to their male counterparts. They are often undervalued and must be twice as dedicated to survive in a world dominating by men. They must manage the conflict between family and work. It can be a challenge when both roles require a lot of energy and time. Utilizing the appropriate tools and strategies Women can tackle any obstacle they encounter in business. Women are still a minority of those in leadership and management roles Women who have leadership roles in business often confront specific challenges that men do not face. Being the minority in a group is just one instance of this. Although women now make up an overwhelming portion of the workforce males still hold the majority of management and executive roles. It can cause women to feel less valued and respected in her position as part of a team. Female business leaders could be victims of discrimination or harassment based on gender. Related Articles Top 5 Benefits Of Outsourcing For Your Business Mark Lyttleton: Why Private Companies Need to Be Well-Funded In-Person Events vs. Virtual Events: What's the difference? 4 Reasons Why Tape instead of Glue is the Best Choice for Your Business These circumstances can cause fear and intimidation making it more difficult for women to perform their jobs effectively. Farnoush, however, explains that women business leaders have made huge strides in recent years despite these obstacles. They continue to prove that they can achieve success in any field. Farnoush Farsiar recognizes equality as the biggest problem facing women. The greatest challenge for female business leaders is the absence of equality. The success of business depends on the equality of all employees. Women CEOs face a greater likelihood of being dismissed from their positions, so it is a challenge to achieve. Women who run for CEO are the most vulnerable in the event that their business is growing. Managers who aren't capable of claiming equality will have a harder than others to openly discuss the challenges they are facing. This can lead to an environment that is hostile for female employees. This can make it hard for women to move up in their careers. Farnoush Farsiar explains how this leads to a lack of diversity in the top positions. What does this mean is a negative impact on your bottom line. The absence of mentorship and assistance for women entrepreneurs Another challenge women leaders face, is that they are unable to access established networks. Farnoush explains that historically, males could join a powerful "boys club," of business acquaintances. The financial and wealth management sectors, primarily male-dominated are particularly susceptible to this. Men have always had fun having friends who help them grow their careers. It's not easy for women to join these groups as they aren't taken seriously by male peers. Therefore, women working in the business may not receive support and guidance, as well as their efforts may be disregarded. Women are now able to build strong networks and create support groups through the use of social media. This will allow them to overcome the issues that arise from not being able to connect to traditional networks. Business women are more emotionally sensitive Farnoush Farsiar says that there is a widespread belief that women are less skilled in managing businesses as their male counterparts. This could be because women are typically perceived to be more emotional. This could make them less rationaland volatile and consequently more "aggressive." Farnoush Farsiar says, "women being more emotionally expressive frequently causes men to feel threatened or even attacked when women control them." Farnoush Farsiar This could result in women being less skilled or skilled than their male counterparts. This can be addressed by women being aware of their perceptions. Also, they should make an effort to speak in a clear, concise, and confidently. In the process of shifting perceptions, businesses play an essential function to play. Additionally, they should also work to create an atmosphere that everyone is appreciated and valued. Doing so can help to increase the visibility of women business leaders and leaders. They can also demonstrate their capability to be as proficient as other people. Also, leadership programs for women can assist in the development of these abilities. The balance between personal and professional life is another challenge for women who lead. Farnoush Farsiar Farnoush Farsiar says that women continue to do the majority of the home's unpaid work. Farnoush Farsiar This can be difficult to manage when you are also working in demanding environments. Women feel pressured to excel in all areas of their lives. https://twitter.com/brexitcentral/status/1151733390485467136 This pressure can cause stress. Women leaders need to understand that it's OK to not be all in one place at all times. It's also acceptable to ask for help when needed. Employers should also create a work environment that allows employees to balance their personal and professional lives. These policies could include telecommuting and flexible hours as well as parental leave policies that include of both men and women. Farnoush Farsiar discusses possible solutions to women leaders' challenges Despite the difficulties women leaders face Farnoush believes there are solutions that can assist them in overcoming the obstacles. These solutions include: Programs for leadership specifically designed for females: Farnoush believes that women's leadership programs are crucial. They will help women gain the confidence and the skills they require to lead. Learn to communicate effectively. Women leaders often struggle with communication due to the fact that they believe that they are more emotionally intelligent than men. They must be able to communicate clearly and confidently to change that perception. Collaboration with HR for influence on the policies. Women leaders can collaborate with HR to create policies that incorporate men AND women. Farnoush Farsiar This will help create a fairer and more equal workplace for all employees. It's no an untruth that women in leadership face unique obstacles which male counterparts can't. It's important to understand that the issues female leaders face can be solved with the correct techniques and tools. Women leaders can achieve success by being aware of and finding solutions to the problems they confront.

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