{"id":44185,"date":"2017-08-01T10:10:03","date_gmt":"2017-08-01T08:10:03","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/risk-perception-and-diversification-strategies-insights-into-the-world-of-the-highly-wealthy\/"},"modified":"2017-08-01T10:10:03","modified_gmt":"2017-08-01T08:10:03","slug":"risk-perception-and-diversification-strategies-insights-into-the-world-of-the-high-modern","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/risk-perception-and-diversification-strategies-insights-into-the-world-of-the-high-modern\/","title":{"rendered":"Risk Perception and Diversification Strategies \u2014 Insights into the World of the Highly Wealthy"},"content":{"rendered":"

Prof. Dr. Yvonne Br\u00fcck\u00adner<\/strong> \u2014 Mana\u00adging Part\u00adner at ResFu\u00adtura, Insti\u00adtute for Entre\u00adpre\u00adneu\u00adrial Future Stra\u00adte\u00adgies, Frankfurt\/Main<\/p>\n","protected":false},"excerpt":{"rendered":"

Time and again, promi\u00adnent high-net-worth indi\u00advi\u00addu\u00adals get invol\u00adved in spec\u00adta\u00adcu\u00adlar ventures that seek to push the boun\u00adda\u00adries of the usual or even the possi\u00adble \u2014 among them, for exam\u00adple, Elon Musk, who not only wants to supply the ISS with SpaceX, but also to colo\u00adnize Mars, or the hardly less ambi\u00adtious Larry Page and other Google execu\u00adti\u00adves, who are inves\u00adt\u00ading substan\u00adti\u00adally in the explo\u00adita\u00adtion of space resour\u00adces. But are these typi\u00adcal invest\u00adments for the ultra high net worth indi\u00advi\u00addual group? <\/strong><\/p>\n

A series of studies, the only one of its kind to date, provi\u00addes answers to these and other ques\u00adti\u00adons rela\u00adting to the risk and asset stra\u00adte\u00adgies of high-net-worth indi\u00advi\u00addu\u00adals. In addi\u00adtion to the atti\u00adtu\u00addes and stra\u00adte\u00adgies of the wealth holders, it also docu\u00adments assess\u00adments by close confi\u00addants: the family offi\u00adcer. Some excerpts from the findings of seve\u00adral years of rese\u00adarch, to which more than 100 parti\u00adci\u00adpants contri\u00adbu\u00adted, are summa\u00adri\u00adzed in this article. <\/strong><\/p>\n

Risk appe\u00adtite<\/strong><\/p>\n

Indeed, for many high-net-worth indi\u00advi\u00addu\u00adals, entre\u00adpre\u00adneu\u00adrial ventures are funda\u00admen\u00adtally part of their self-image. Only 30 percent say they prio\u00adri\u00adtize asset manage\u00adment over active entre\u00adpre\u00adneur\u00adship, and only 16 percent give more weight to preser\u00adving exis\u00adting assets than to start\u00ading new acti\u00advi\u00adties. Entre\u00adpre\u00adneur\u00adship and inno\u00adva\u00adtion are in many cases a funda\u00admen\u00adtal part of iden\u00adtity. Accor\u00addin\u00adgly, the willing\u00adness to take deli\u00adbe\u00adrate risks remains unch\u00adan\u00adged for the majo\u00adrity: Only around one-third of respond\u00adents say they are less willing to take risks in mana\u00adging their own assets today than before 2008, compared with twelve percent who report an increase in their willing\u00adness to take risks. There is a striking discrepancy between the risk appe\u00adtite of wealth holders with a core busi\u00adness focus and those who are not (or no longer) active as entre\u00adpre\u00adneurs: While only one in four high-net-worth indi\u00advi\u00addu\u00adals without entre\u00adpre\u00adneu\u00adrial acti\u00advity report increased restraint, 54 percent of owners of a single family-owned core busi\u00adness say they are taking fewer risks today.<\/p>\n

The latter appear to be much more affec\u00adted by deve\u00adlo\u00adp\u00adments in the context of and as a result of the finan\u00adcial crisis. This is proba\u00adbly due not least to their signi\u00adfi\u00adcantly more limi\u00adted flexi\u00adbi\u00adlity: The company\u2019s risk profile is prima\u00adrily deter\u00admi\u00adned by market conditions,<\/p>\n","protected":false},"featured_media":41392,"comment_status":"closed","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2553,2595],"product_tag":[1545,2069,2268,2272,2278,2283,2288,2292,2295,2296,2297,2300],"class_list":{"0":"post-44185","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2017","8":"product_cat-prof-dr-yvonne-brueckner-en","9":"product_tag-financial-crisis","10":"product_tag-innovation-en","11":"product_tag-brueckner-en","12":"product_tag-yvonne-en","13":"product_tag-risk-perception","14":"product_tag-diversification-strategies","15":"product_tag-high-net-worth","16":"product_tag-risk-appetite","17":"product_tag-assets","18":"product_tag-entrepreneurship","19":"product_tag-asset-holder","20":"product_tag-market-failure","21":"pa_sprache-english-3","22":"pa_sprache-german","24":"first","25":"outofstock","26":"taxable","27":"shipping-taxable","28":"purchasable","29":"product-type-variable"},"yoast_head":"\nRisk Perception and Diversification Strategies - Insights into the World of the Highly Wealthy - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/risk-perception-and-diversification-strategies-insights-into-the-world-of-the-high-modern\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Risk Perception and Diversification Strategies - Insights into the World of the Highly Wealthy - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Time and again, prominent high-net-worth individuals get involved in spectacular ventures that seek to push the boundaries of the usual or even the possible - among them, for example, Elon Musk, who not only wants to supply the ISS with SpaceX, but also to colonize Mars, or the hardly less ambitious Larry Page and other Google executives, who are investing substantially in the exploitation of space resources. But are these typical investments for the ultra high net worth individual group? A series of studies, the only one of its kind to date, provides answers to these and other questions relating to the risk and asset strategies of high-net-worth individuals. In addition to the attitudes and strategies of the wealth holders, it also documents assessments by close confidants: the family officer. Some excerpts from the findings of several years of research, to which more than 100 participants contributed, are summarized in this article. Risk appetite Indeed, for many high-net-worth individuals, entrepreneurial ventures are fundamentally part of their self-image. Only 30 percent say they prioritize asset management over active entrepreneurship, and only 16 percent give more weight to preserving existing assets than to starting new activities. Entrepreneurship and innovation are in many cases a fundamental part of identity. Accordingly, the willingness to take deliberate risks remains unchanged for the majority: Only around one-third of respondents say they are less willing to take risks in managing their own assets today than before 2008, compared with twelve percent who report an increase in their willingness to take risks. There is a striking discrepancy between the risk appetite of wealth holders with a core business focus and those who are not (or no longer) active as entrepreneurs: While only one in four high-net-worth individuals without entrepreneurial activity report increased restraint, 54 percent of owners of a single family-owned core business say they are taking fewer risks today. The latter appear to be much more affected by developments in the context of and as a result of the financial crisis. 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