Russia’s Oil Revenues Now Come At The Price Of High-Risk Exposures And Dependencies
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
Oil exports are crucial to the Russian economy. In some years, crude oil and oil product exports accounted for up to 50% of federal budget revenues and around 20% of GDP.  The full-scale invasion of Ukraine resulted in a series of embargoes, price caps, technological sanctions and contractual disputes that have undermined sales to some countries and regions while opening opportunities to trade with others. Embargoes And CapThe United States imposed an embargo in March 2022. The EU was more cautious and introduced an incremental ban that eventually became a complete embargo on crude import ..read more
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Brussels’ Tech Controls On China Will Not Toe Washington’s Line
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
This month, the European Commission (EC) is due to present policy proposals for screening outbound investments and updating existing EU regulations on inbound investment screening and dual-use export controls. These are part and parcel of EU measures to “de-risk” trade and technology exchanges with China, even if not named as such. The EC has identified 10 critical technology areas for the EU’s economic security. Four are priority areas: advanced semiconductors artificial intelligence (AI) quantum technologies biotechnologies EU Vs. U.S.Three of these four priority areas (biotechnologies are ..read more
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Richer Is Greener: Cleaner GDP As Nations Grow Helps To Cut Greenhouse Gas Emissions
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
Poor countries often accept a dirtier environment as a trade-off for higher incomes. However, economic development eventually changes the cost/benefit calculus in favor of a cleaner environment.  Transitioning from agriculture to manufacturing involves energy-intensive production of basic materials. As incomes grow, people have the willingness and means to demand cleaner production and possess the technical capacity to adopt less polluting methods.  At a later development stage, economies transition from manufacturing to the production and consumption of services, which tend to have ..read more
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Generative Artificial Intelligence Will Test Major National Elections In 2024
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
For the first time, the Financial Stability Oversight Council, in its annual report released on December 14, mentioned artificial intelligence (AI) as an “emerging vulnerability in the financial system,” highlighting concerns about AI’s “black box” problems and data and privacy concerns. However, a more significant concern for AI in 2024 may be navigating the global electoral calendar. Over one-quarter of the world’s population will participate in national elections across 76 countries, including the United States, India, Russia, Ukraine, Indonesia, Egypt, South Africa, and possibly the United ..read more
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Single-Family Converting To Multi-Family Offices
Financial Advisor Magazine » Private Wealth
by Russ Alan Prince
6M ago
For various reasons, many single-family offices have or are opening or considering opening their doors to ultra-wealthy non-family individuals and families. While this perspective is relatively new, it is gathering steam. In evaluating the investment returns of many single-family offices, they often represent “smart money.” Many single-family offices have produced superior investment returns over extended time frames. Some family members and non-family senior executives see this as an opportunity to expand and bring in additional ultra-wealthy families as clients. The result is: Becoming or e ..read more
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Chile Deal Seeks To Fast-Track Lithium Production
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
Chile’s state copper producer Codelco and the country’s leading private lithium producer, New York-listed Sociedad Quimica y Minera de Chile (SQM), are thrashing out the details of a memorandum of understanding against an end-of-first quarter deadline to establish a joint venture to produce lithium in northern Chile’s Atacama Salt Flat.  Chile has among the world’s largest lithium reserves. Moreover, they are contained in brine rather than rock, making for low production costs.  Yet, the country has been slow to exploit these resources, due mainly to legal requirements for state-con ..read more
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Single-Family Offices Are Exceptional Clients For Leading Private Client Lawyers
Financial Advisor Magazine » Private Wealth
by Russ Alan Prince
6M ago
Leading private client lawyers are legal professionals who engage in wealth planning services, including estate and asset protection planning. Exit and succession planning, and cross-border and international tax and related planning. In addition, a core defining characteristic of leading private client lawyers is that they consistently earn US $1 million or more annually from their practices working with wealthy clients. This figure does not include sharing in the profits of the law firm or additional monies they receive for managerial responsibilities. According to Angelo Robles, founder and ..read more
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Yemen’s Huthis Will Be Undeterred By Red Sea Warnings
Financial Advisor Magazine » Private Wealth
by Oxford Analytica
6M ago
The response by the Huthis—the Iranian-backed militant group controlling northern Yemen—to a warning from 12 countries 10 days ago to cease their attacks on Suez-Canal-bound shipping transiting the Red Sea was to launch further attacks this week that required U.S. and U.K. forces to shoot down 18 drones, two anti-ship cruise missiles and one-anti ship ballistic missile. That was followed by U.S. and U.K. counter-airstrikes on 16 Houthi command centers, munitions depots, and air defense systems in Yemen. Oil prices, unsurprisingly, spiked on concerns that fears of the Gaza war spreading regiona ..read more
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The Preference For Family Offices
Financial Advisor Magazine » Private Wealth
by Russ Alan Prince
6M ago
For various reasons, the ultra-wealthy, where possible, choose single-family offices to coordinate and oversee critical aspects of their lives, especially their financial ones. The ability of high-performing single-family offices to be in sync with ultra-wealthy families, act proactively and be right on point is a great advantage to these families. Based on the perceptions and insights of senior management of founders’ single-family offices, the discontent between what they wanted and needed and what they were getting from their previous professionals was a solid motivator for establishing the ..read more
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Conducting Multi-Generational Family Meetings
Financial Advisor Magazine » Private Wealth
by Russ Alan Prince
6M ago
Wealthy families have tremendous potential to veer off course, resulting in diminishing the family fortune and severe intra-family conflicts. Many ultra-wealthy families are taking action to mitigate the possibility of family members distancing themselves and lessening the family’s financial position. One approach that has shown to be quite effective is family meetings. Among wealthy multi-generational families, family meetings can help avoid the thorny problems that arise from inheritors receiving substantial monies without the proper preparation to manage the assets. While prevalent among th ..read more
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