With unique vulnerabilities, the family office is a prime target for fraud. Family office fraud is not often in the news due to the industry’s penchant for privacy, but it does occur. Many family offices serve as investment managers, giving employees proximity to cash and other assets. Nonetheless, through education, training and periodic risk assessments, that risk could potentially be reduced. Learn several steps that family offices can take to limit fraud.

Source: Wall Street Journal May 22, 2017 11:15 UTC