Andrew Cohen

Manhattan

Family Office Reporter @CrainCurrency. Previously at Sports Business Journal, Front Office Sports, SportTechie, Decrypt. [email protected]

Articles

Advisors seek transparency on DIY investing as Robinhood faces investigation

4 weeks ago | investmentnews.com | Andrew Cohen

As Robinhood faces an investigation from Massachusetts regulators over its recently launched sports prediction markets for March Madness college basketball games, financial advisors are understanding of their wealthy clients seeking DIY (do-it-yourself) investment platforms, but request transparency across accounts. “I try not to discourage it, because I think it’s okay for people to manage some portion of their money on their own.
Lower-grade debt a hot area for CLO ETFs, asset managers say

2 months ago | investmentnews.com | Andrew Cohen |Kirsten Chang

While Janus Henderson’s AAA CLO ETF recently surpassed $20 billion in assets under management, other fund managers and financial advisors say that CLO ETFs with exposure to lower debt ratings are becoming preferred targets for investors moving forward.
Cybersecurity poses real-world consequences for family offices

2 months ago | craincurrency.com | Andrew Cohen

The December killing of UnitedHealthCare CEO Brian Thompson has heightened concerns among high-net-worth families about the risks posed by their digital footprints, prompting many family offices to rethink their cybersecurity strategies. Thompson was shot Dec. 4 outside the Hilton hotel in Midtown Manhattan, where he was scheduled to attend UnitedHealth’s investors meeting — an event publicly detailed in company announcements.
Longtime Florida politician Tom Lee named CEO of Pepin Family Office

Jan 23, 2025 | craincurrency.com | Andrew Cohen

Former Florida Senate President Tom Lee has been named CEO of Pepin Family Office, representing the family that founded the Tampa-based alcoholic beverage distributor Pepin Distributing Company. Tom Pepin is the former CEO of Pepin Distributing, which was founded in the 1960s by his father Art Pepin. Tom’s daughter, Tina Pepin, announced the launch of Pepin Family Office earlier this week on LinkedIn alongside Lee joining as CEO.
Sotheby’s to host debut Saudi Arabia auction with works from Picasso, Warhol

Jan 16, 2025 | craincurrency.com | Andrew Cohen

Sotheby’s will host its first auction in Saudi Arabia on Feb. 8 in Diriyah, a town outside Riyadh. Auctioned items will include works from Pablo Picasso and Andy Warhol, luxury watches and game-worn jerseys from star athletes Michael Jordan and Cristiano Ronaldo.
Hamilton Lane: Expect more buyouts of family-owned businesses under Trump

Jan 14, 2025 | craincurrency.com | Andrew Cohen

Lower interest rates and a lighter regulatory environment under President Donald Trump are expected to fuel more private equity acquisitions of family-owned businesses, Hamilton Lane’s head of private wealth solutions told Crain Currency. “The new administration brings more certainty to the markets, where we had been going through some uncertainty over the last year,” said in an interview.
CEO Simran Kang explains how MyFO streamlines investment portfolio management for family offices

Jan 13, 2025 | craincurrency.com | Andrew Cohen

Simran Kang is the founder and CEO of , a Vancouver, British Columbia-based startup that simplifies the management of investment portfolios, data, documents and financial modeling for family offices and their advisers. In an interview with Crain Currency, Kang shares how her accounting experience working with ultra-high-net-worth families at PwC inspired her to create a fintech solution tailored to the needs of family offices. What led you to pivot from your role at PwC to starting MyFO?
Murdoch succession battle: Estate planning lessons for multi-gen wealth

Jan 10, 2025 | craincurrency.com | Andrew Cohen

The ongoing succession battle within Rupert Murdoch's multibillion-dollar conservative media empire underscores critical estate planning lessons for navigating the transition of family businesses across generations. “Only transfer control of assets that you’re willing to actually transfer control of at the creation of the trust,” said , founder of the St. Louis-based Matter Family Office. “That seems to be the big lesson Rupert Murdoch has learned.
Stephens names third-generation leaders as Warren Stephens picked as Trump’s UK ambassador

Jan 10, 2025 | craincurrency.com | Andrew Cohen

The family-owned financial services firm has announced its third generation of family leadership, with brothers Miles and John Stephens being named co-CEOs of the Little Rock, Arkansas-based company. The brothers succeed their father, Warren Stephens, who has retired from his roles as president and CEO but will remain chairman. Warren’s daughter, Laura Brookshire, has also been named senior executive vice president and chair of the executive committee at Stephens.
Synovus names new leadership for $11 billion family office unit

Jan 8, 2025 | craincurrency.com | Andrew Cohen

The has named Walt Deriso CEO and Hamilton Hilsman president to lead the firm’s banking and advisory services to ultra-high-net-worth families. Synovus Bank is headquartered in Georgia with branches in Alabama, Florida, South Carolina and Tennessee. Its family office division was founded in 1947 and maintains 45 team members who help oversee $11 billion in client assets under administration.