The author of numerous tax and wealth management oriented publications, Philip Marcovici has also been a guest lecturer at the law school of Hong Kong University and at the Universities of Geneva, St. Gallen and Zurich. Philip has been an adviser to the Swiss Finance Institute and a lecturer on tax issues for the institute.
Philip lectures worldwide and runs training and strategic change programs for a number of the worlds’ top private banks. Philip is also a member of the Advisory Committee of the Hong Kong University of Science and Technology’s Tanoto Center for Asian Family Business and Entrepreneurship Studies ( HKUST Tanoto Center ).
Philip is a Founding Advisor to the Responsible Family Business and Wealth Ownership program created by Cambridge Judge Business School Executive Education and is one of the lecturers and facilitators for that course. See Responsible Family Business and Wealth Ownership
Philip has also been a guest lecturer at the Chinese University of Hong Kong, the Hong Kong University of Science and Technology and for the Tsinghua Kaifeng Family Heritage Centre in Beijing. Philip was formerly a member of the curriculum review committee for tax, trusts and wealth planning for the Singapore Wealth Management Institute, and is presently on the Editorial Board of WealthBriefing. Philip was also formerly a member of the adjunct faculties of Singapore Management University and Nanyang Technological University in Singapore (NTU) and a frequent lecturer for the Singapore Wealth Management Institute.
Philip Marcovici’s latest book, The Destructive Power of Family Wealth – A Guide to Succession Planning, Asset Protection and Wealth Management was published by John Wiley & Sons and is available on Amazon and through other online and retail booksellers. Order NOW at Amazon or Amazon UK
Philip wrote this book to help families navigate the increasingly complex world of succession planning and asset protection, and to share his views on the state of the wealth management industry. Philip’s book also contains his views on strategy for private banks, trust companies and others in the wealth management industry looking for success in a time of enormous change and challenge.
A blurb from Philip’s publisher:
The Destructive Power of Family Wealth offers thoughtful, holistic planning to ensure that your wealth remains a positive force for your family. Global taxation regimes, changing bank secrecy laws, asset protection and other critical issues are examined in depth to assist wealth owners and their advisors in planning, and the discussion includes details on essential tools for any wealth management strategy. This book also delves into the psychology of wealth, and the effect it has on different family members; wealth destroys families every day, and smart management means maintaining the family as much as it means maintaining and expanding wealth.
Some reviews of the book include: Review by Alex Scott of Sandaire
On Page 50 of Campden Family Business
Book Extracts – The Destructive Power of Family Wealth
Selected Articles by Philip Marcovici
Minimizing Political Risk
This article was written with Hussein Haeri of Withers, London, and Iraj Ispahani of Ispahani Advisory, and discusses political risk minimization and the need for families and family businesses to take political risk into account when structuring investments as well as their asset ownership structures.
Why Estate Duty Would be a Good Thing for Hong Kong: Addressing Inequality
This article was published in the Journal of the Society of Trust and Estate Practitioners and discusses why Hong Kong should reinstate Estate and Donation Duties. Wealth owners have responsibilities to society, and growing inequality is a reality that we all share a responsibility to address. A shorter version of this article was published in the South China Morning post and co-authored with Stefano Mariani of Deacons in Hong Kong. See: South China Morning Post Article – Estate Duty and Inequality
Global Tax Transparency and the Need for Effective Dialogue
Global moves to tax transparency are a good thing, but not all countries are ready for tax transparency. We need to consider how to deal with this as developing countries in particular will suffer under the new Common Reporting Standard and other transparency intitiatives.
In two parts, these articles appeared in the World Financial Review.
Wealth of Wisdom – The Top 50 Questions Wealthy Families Ask – With a Contribution by Philip Marcovici on How to Choose Trusted Advisors – Listen to the Podcast!
Link to a Podcast on How to Choose Trusted Advisors: Philip Marcovici on Choosing and Working with Advisors
We need advisors, but need to learn how to use them safely and efficiently!
Estate and Donation Duties in Hong Kong: Society of Trust and Estate Practitioners Hong Kong Branch Newsletter, January, 2019
More on Estate and Donation duties for Hong Kong as a step towards addressing income and wealth inequality.
Family Offices Become Financial Titans – Comments by Philip Marcovici – The Economist, December 13, 2018
Articles in The Economist on perceived evils of family offices – in interviews by the Economist, Philip Marcovici defended family offices, emphasizing that they are more of a force for good than generally understood. But income and wealth inequality is an issue that needs to be addressed.
Something Different, But Important: Qigong Meditations
Another book by Philip Marcovici, Qigong Meditations, published in 2007. Design by Sandra d’Auriol and photographs by award winning photographer, Almond Chu.
Qigong is a simple Chinese breathing exercise that provides health and spiritual benefits. This work features instruction on Qigong, accompanied by gorgeous black and white photography. The book provides an introduction to the subject, and sets out exercises. Very limited availability left on Amazon, so contact Philip if you are interested in buying one of the few copies left! Contact Philip