Rob Hille, LNWM’s General Counsel and Chief Compliance Officer, was recently interviewed by International Investment Magazine on a topic that we do a lot of work on: controlling all sorts of risk, not just investment risk.

As Paul Golden, Family Office Correspondent pointed out in the article, “some of the non-investment risks faced by family offices include: security of data; physical safety and health of family members; prepare the next generation to take charge; protection against divorce and fraud and embezzlement by family office staff.” Even use of social media can present hazards.

According to Rob: “The ability to analyse large amounts of data has helped identify trends and areas that merit a closer look or require greater controls. Testing of systems can be better accomplished with new software and this can apply to internal processes as well as vendor due diligence.”