FON Magazine Summer - 2020

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FAMILY OFFICES & THE WORLD SKY RACE A RACE FOR THE PLANET, A RACE FOR HUMANITY

LUXURY

AFTERNOONS

CARE FOR A SPOT OF TEA?

INTRODUCING

DAWN

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We are corporate jet leasing, done right.

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ANDREW SCHNEIDER F O U N D E R /

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FON Marketplace is a game-changing online technology platform designed for family offices to access private deals and connect with other family offices to co-invest; research luxury goods and services; share philanthropic ideas; and more.

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hese past months have been challenging for family offices around the globe as well as for our team members. I hope that all of our friends and members are staying safe and invite you to contact me personally if we can help you in any way at this difficult time.

While working remotely and eventually back in our offices, we have been finetuning a new platform that I am extremely excited about. FON Marketplace is a gamechanging online technology platform designed for family offices to access private deals and connect with other family offices to co-invest; research luxury goods and services; share philanthropic ideas; and more. It was created to streamline the process of investing in a private placement which today is still an antiquated system.

We’re using a proprietary algorithm that enables family offices to easily identify the best opportunities. There is nothing like this available anywhere today.

During the 20 years I have been working with family offices, a common complaint is lack of access to good deal flow, alternative investments, and other services families traditionally seek. Many family offices have accounts at the biggest banks which may be too big to take advantage of the best private deals. This digital platform now provides family offices the ability

to connect with other families through co-investments, educational events, philanthropy and luxury products and services.

FON Marketplace was initially designed for only family offices that had their own deals and were looking for a few family offices to co-invest; however, as demand for our distribution grew exponentially, we decided to open the platform and allow other qualified issuers to list their offering.

FON Marketplace is the largest platform of private placements consisting of hedge funds, venture capital funds, private equity, direct deals, PIPES, and anything that falls under the definition of a private placement.

It is a pleasure to publish the summer issue of Family Office Networks Magazine, which is now published quarterly and which will soon become a monthly publication with new editions for Europe, Asia and the Middle East. The magazine focuses on our audience‘s interests in not just family office and investing news but also on the all too valuable luxury space, capitalizing on family offices’ penchant for the Arts, Jewelry, Antiques, Travel, Philanthropy and the rest of the lifestyle.

We hope you enjoy it and welcome your ideas and feedback.

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CHARLOTTE LUER E D I T O R - I N - C H I E F

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The Editor in Chief

During the past few months, we have had an overwhelmingly positive response to FON Magazine from luxury brands that are now relying on upscale magazines to reach their target audience following the cancellation of events such as boat shows and art exhibitions.

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t is a great pleasure to introduce the summer issue of Family Office Networks’ luxury lifestyle magazine, which represents the fourth issue of our quarterly publication and hopefully one of the best yet. Despite today’s challenging times, our team has worked hard to bring readers curated coverage of topics such as Rolls Royce Dawn: The Sexiest RollsRoyce Ever, A Stunning Sea-Front Villa on the Amalfi Coast, Removing theTarget: How to Avoid Real and Potential Personal Safety Threats for Your Family Office, and Family Office Profile – An Interview with Aradhna Gupta Dayal, CIO, Regal Ford Asia Family Office.

During the past few months, we have had an overwhelmingly positive response to FON Magazine from luxury brands that are now relying on upscale magazines to reach their target audience following the cancellation of events such as boat shows and art exhibitions. We’re committed to working with these companies to introduce more world-class opportunities to our families via exceptional custom content.

We’re proud to reach the top 4 percent

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of the U.S. and global population with an average household income of $5 million+ and average net worth of $100 million+.

Family Office Networks is also preparing to launch FON Europe Magazine, FON Asia Magazine and FON MENA Magazine to reflect our global focus. We will then have four full-color glossy magazines providing wealthy families around these regions with curated content on topics such as art, automobiles, yachts, jewelry, travel, family profiles, private aviation, philanthropy, family office trends and more. Content will be featured in both the print and online editions as well as on the magazine website where readers may also view past issues.

We hope you enjoy reading our summer issue as much as we enjoyed creating it.

Please let us know if you have ideas or feedback for future editorial.

Charlotte Luer Editor-in-Chief charlotte@fonmagazine.com +1.239.404.6785

SUREJ (SUNMAN) KALATHIL A

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As promised, I am also very excited to share my surrealistic photo art series in this issue. The article entitled, “Surreal Photos: Look like They’re Straight out of a Dream”showcases some of my Surreal photos.

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ello Readers! I hope you are all staying safe during these challenging times. It has been difficult for us to work remotely but we made it happen. We are pleased to introduce our Summer Issue of Family Office Networks luxury lifestyle magazine. We have covered all luxury related topics in spite of today’s crazy times.

I’m thrilled that the spring issue has been so well received by our readers. Since we have not had any of our in-person events scheduled due to the pandemic, I was not able to choose any photos for the Out and About section of this edition. I miss our events and hope we will get to see each other soon. Despite all of this, we did manage to adapt with the times and FON Webinars have been a great success.

During these past few months, I have been involved in designing the UI/UX for Family Office Networks Marketplace, which was initially designed for only family offices that had their own deals and were looking for a few family offices to

co-invest. FON Marketplace is the largest platform of private placements consisting of hedge funds, venture capital funds, private equity, direct deals, PIPES, and anything that falls under the definition of a private placement. I am honored to say that FON Marketplace has launched and that it has been very well received by our members.

As promised, I am also very excited to share my surrealistic photo art series in this issue. The article entitled, “Surreal Photos: Look like They’re Straight out of a Dream” showcases some of my surreal photos. I will really appreciate your thoughts and feedback.

I hope you enjoy our summer issue. Please do let us know if you have any suggestions to improve our upcoming issues.

Surej (Sunman) Kalathil Art Director surej@fonmagazine.com +1.561.827.9072

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www.wealthmetrx.com info@wealthmetrx.com (858) 371-4900

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SARA O’BOYLE O

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I am so excited to be a part of the launch of this fourth official issue of Family Office Networks’ luxury magazine.

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am so excited to be a part of the launch of this fourth official issue of Family Office Networks’ luxury magazine. I feel grateful that our team continues to publish and introduce new investment, luxury, and networking opportunities to our special network of family offices amidst the COVID-19 chaos through this magazine platform. The FON team has worked hard on delivering quality material to our niche audience and we aim to provide positive, informative, and engaging content as an outlet during these challenging times. I hope we succeeded in doing so with this Summer 2020 issue.

Also serving as the Executive Assistant at FON headquarters in West Palm Beach, FL, I have had the privilege of watching our talented team make a massive transition from in-person networking events to conducting online webinars for our members, which has shown to be a great success. This year, FON also officially launched a long-awaited digital platform, Family Office Marketplace, which allows family offices, high net worth individuals, luxury brands, service

providers, charitable organizations, and other allocators to connect under one, sophisticated platform. This platform will change the way information and deals are made between companies and investors in the future under FON operation. Please enjoy this issue of our lifestyle magazine and let us know if you have any feedback for future issues.

Please also let us know if you are interested in learning more about our new digital platform as we would be happy to provide more information. Our main goal is to allow our members to stay connected during times such as these.

Sara O’Boyle Executive Assistant / Copy Editor sara@fonmagazine.com +1.561.812.4000

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Luxury custom suits, shoes and bags handcrafted in Spain!

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www.pinandstripe.com

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Editorial FOUNDER /PUBLISHER Andrew Schneider 561.906.1181 andrew@fonmagazine.com EDITOR-IN-CHIEF Charlotte Luer 239.404.6785 charlotte@fonmagazine.com ART DIRECTOR Surej Kalathil (Sunman) 561.827.9072 surej@fonmagazine.com

Content FAMI LY

OFFICE

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PH IL AN TH R OPY

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ROLLS ROYCE DAWN

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SURREAL PHOTOS

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FAMILY OFFICE PROFILE

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LUX URY

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LIFEST YLE

LOOK LIKE THEY’RE STRAIGHT OUT OF A DREAM

A INTERVIEW WITH ARADHNA GUPTA DAYAL

The information in this issue of FON Magazine is for information purposes only. FON Magazine Inc. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon.

The information contained about each individual, company, product or organization has been provided by such individual, company, product or organization without verification by us.

Any form of reproduction of any content on this magazine without the written permission of the publisher is strictly prohibited. © 2020 FON Magazine.

All rights reserved.

FIN E

THE SEXIEST ROLLS-ROYCE EVER

COPY EDITOR Sara O’Boyle 561.812.4000 sara@fonmagazine.com

The opinion expressed in each article is the opinion of its author and does not necessarily reflect the opinion of FON Magazine or Family Office Networks.

Therefore, FON Magazine and Family Office Networks carry no responsibility for the opinion expressed thereon.

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LUXURY AFTERNOONS CARE FOR A SPOT OF TEA?

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FAMILY OFFICES & THE WORLD OF SKY RACE

THE TARGET 60 REMOVING HOW TO AVOID REAL AND POTENTIAL PERSONAL SAFETY THREATS FOR YOUR FAMILY OFFICE

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A LOOK INSIDE MOTORYACHT MI SUENO

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HOW GLAMPING IS THE NEW HOTEL

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A STUNNING SEA-FRONT VILLA ON THE AMALFI COAST

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ECONOMIC UNCERTAINTY BRINGS OUT BIG CHANGES IN THE ART WORLD

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THE LINDBERGH FOUNDATION THE SPIRIT OF THE FUTURE

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Rolls Royce D The Sexiest Rolls-Royce Ever PHOTO CREDIT: NAPLES LUXURY IMPORTS

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he 2020 Rolls-Royce Dawn is designed for those who seek to take on the open road in a convertible that inspires while empowering a sense of spontaneity and free spirit. Indeed, the open-top makes the Dawn perfect for taking on the open road in style while enjoying a breath of fresh air.

With a top speed of 155 mph, the Dawn goes from zero to 60 mph in 4.3 seconds. It’s smooth, quiet and handles expertly thanks to 10-spoke alloy wheels, satellite-aided 8-speed automatic transmission and the twin-turbocharged 6.6 liter 563 bhp V12 engine -- the same one used in the Rolls-Royce Ghost. The top may be raised and lowered in 22 seconds at speeds up to 31mph.

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Dawn

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“Take the best that exists and make it better.”

– Henry Royce

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The new Rolls-Royce Dawn seats four with rear access via hinged doors and the quality is unsurpassed throughout the sophisticated interior that buyers may customize through Rolls-Royce’s Bespoke program. There are also three collections for those who may be easier to please and opt not to do so. Soft brushed natural-grain leather seats, wood veneer trim, lambswool mats, and a decent-sized trunk for a convertible combine to ensure comfort. A dark brush metal inlay for the interior trim is optional for the 2020 model and represents yet another luxurious addition.

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Of course, the new Dawn offers all of the advanced connectivity and entertainment options a buyer’s heart could ever desire. Television, an 18-speaker stereo system, navigation with real-time updates, and an array of driverassistance features such as night vision further enhance the experience of cruising around in your Dawn.

Once you experience the energy of owning your own curated Dawn, you’ll be energized and grateful to be its master. The fact that the gas mileage is not ideal, and you’ve spent around a quarter of a million to purchase it, won’t matter one bit.

“Strive for perfection in everything you do.”

– Henry Royce

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“SURREAL PHOTOS: LOOK LIKE THEY’RE STRAIGHT

OUT OF A DREAM”

BY: SUREJ KALATHIL AKA SUNMAN

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SNAIL ELEPHANT EVOLVING DIMENSIONS SERIES BY SUNMAN 20“ X 30“ ON METAL

ON Art Director/ photographer Sunman creates dreamlike images by merging surrealism with digital art. Sunman was inspired to create surreal dreamlike art after his visit to The Dali Museum in Tampa, Florida. A talented photo manipulator and creative director, Sunman is growing his portfolio of conceptual photography that evokes mystery and wonder, and encourages the viewer to explore their imagination. The name of the series is “Evolving Dimensions.” It is a black and white series with some pop color highlights.

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By merging majestic landscapes with human and animal subjects, Sunman’s images often try to connect mankind, space and nature. The “Snail Elephant” is the most popular work he has created. He received wide appreciation for it. In one photo, entitled “Solitude,” a woman is sitting by the rocky beach, and it is created from the manipulation of photos of Palm Beach and Sunman’s trip to Las Vegas.

SOLITUDE EVOLVING DIMENSIONS SERIES BY SUNMAN 20“ X30“ - METAL PRINT

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LAST VOYAGE BY SUNMAN 20“ X 30“ ON METAL

Sunman was awarded first prize for “Last Voyage” at the Jupiter Gallery of Art for a Space themed Exhibition in Florida. This Artwork was created after his visit to NASA’s Kennedy Space Center.

Sunman used photo editing tools and created the space-like environment.

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SUNMAN PRESENTING“LAST VOYAGE”

ETHERIC EVOLVING DIMENSIONS SERIES BY SUNMAN 20“ X 30“ - METAL PRINT

“My recent visit to NASA inspired me to take photos and I turned one into a piece of digitized photo art called “Last Voyage,” said Sunman. “I am honored that this digital work of art received this high-level recognition.”

Sunman‘s works as an Art Director at Family Office Networks by day and spends his free time pursuing his passion as a highly acclaimed artist and photographer with a portfolio that has been featured at gallery exhibitions throughout South Florida. His stylized approach transforms artistic images into oddly beautiful and distinctive portrayals of planetary and mystical images that complement the theme of his name -- Surej means Sun in Hindi.

Works from Sunman’s Art Collection also have been displayed at the Galleria Gilda in West Palm Beach, at the Miami Art Salon during Art Basel (2014), the Lighthouse ArtCenter in Jupiter (2016) and at the Digital Magic Art Show in New York City, which he won in 2014. Sunman‘s work was also featured in Miami Art Mob during Miami Art Basel ( 2019).

For More Information on Custom Digital work, Contact Sunman at Info@photographybysunman.com Ph: 561 827 9072 FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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FAMILY OFFICE PROFILE AN INTERVIEW WITH ARADHNA GUPTA DAYAL CIO, Regal Ford Asia Family Office and Founder & CEO, Access Alts Asia Please tell us about your family business.

I am the fourth-generation family member of one of the oldest landowning families in northern India, with operations in agriculture, gas, logistics and construction. My grandfather, Dr Sriram Gupta, was a well-known philanthropist who gave away 80% of his wealth to his people and lobbied for girl education, eradication of dowry and innovation in tech.

I got married rather early, at the age of 20, and moved to Hong Kong, which is where I set up my family office, Regal Ford Asia, in the late 1990s. This made us one of the first family offices out of Greater China and as the first female CIO, I truly had to earn my stripes in what was a highly male dominated world.

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Fortunately, we discovered a niche in property investing very early on, took risks and invested during every Asian financial crisis including SARS, thereby building a solid portfolio spanning high-end residential, agriculture, commercial and industrial real estate across Asia and Middle East.

Four years back, after my kids left for boarding school, I began my entrepreneurial journey by setting up Access Alts Asia, the first Asia-focused, cross-border investment club, which has now grown to over 300 thoughtful global investors with collective investible assets of over $1 trillion. As a group we are 4 a.m. buddies, and actively look at unique investment opportunities all the way from Shanghai to Silicon Valley.

“At the end of impossible lies the possible.”

- Family Dayal

Please tell us about your family members and any special areas of interest.

My father, a highly progressive and wise man, and who I was very close to, groomed me in many ways to take forward the family values, ethics and legacy. Humility, excellence in everything, integrity and giving back were high on the agenda, and I am thrilled to see those values passed on to my kids. Both my kids, Prady (20) and Pankhuri (17) are highly intelligent, independentminded Gen Next, who are passionate about making a difference.

Between them, they run Move4Migrants and Modern Migrants, two aid organizations to empower migrant and minority communities. Their efforts have touched the lives of over 5,000 people since launch.

A quick word on my husband who is one of the most progressive men I’ve met, and who has been the wind beneath my wings.

He remains a perfect Yang to my Yin with his unique calmness.

As a seasoned private equity investor, he acts as a wise council for my ideas and investments. As a family, we are slightly crazy and thrill/adventure seekers. When not debating world topics, we enjoy hikes in the Great Hong Kong Outdoors and traveling through old digs and ancient Civilizations. All of this gives us a great perspective on where the world is going next and where we can make the biggest difference.

How important is philanthropy and impact investing to your family?

We were one of the first families to think about Industrial Buildings Revitalization in Hong Kong, converting disused industrial buildings into usable, low-cost offices for small businesses that could not afford the exorbitant rents in Hong Kong’s pricey CBD area. What started out 10 years back as an experiment has turned into a huge success story, both for our family office as well as for our tenants, which include start-ups, designers, bakers, writers, educators and even yoga practitioners. We have combined this huge impact footprint with over 18% annualized returns for 25 years, debunking the notion that impact needs to be sacrificed to make money.

As a family we remain committed to philanthropy in areas of children, education and healthcare. I have served on charity committees for Teach for China, Youth Diabetes Association etc.

Another area of great concern to us is rehabilitation of work force post COVID-19, particularly in vulnerable communities of migrants and minorities that will be ravaged by joblessness, hunger and poverty under the “new normal”. To address

this, we have just started Modern Migrants, a specialized aid organization that will upskill workers and prepare them for the rapidly digitalizing industries of tomorrow, including education, healthcare and even the government.

What have been your best (and worst) investments?

The worst: We decided to go into Indian commercial real estate in mid-2000s, probably at the top of the cycle and just ahead of the country going into a decade of policy paralysis, choking all business activity. To add to that, we got hit by currency depreciation, a lack of corporate governance, delays in construction and finally (and as a rude shock) the local developer skipping town. Around the same time, we had a similar experience with a portfolio of apartments we tried acquiring in the then recession-hit Detroit.

Both these incidents taught us a valuable lesson: stick to our core geographies and skill set, and to only invest in well-regulated, dollar-denominated markets.

The best: Driving around New Zealand on a family vacation 17 years back, I was struck not just by the sheer natural beauty but by the large contingent of immigrants and farms up North.

We invested in our first farmland in New Zealand shortly afterwards and have never looked back since then. Three key factors underpinned our investments: a. See the big picture (New Zealand was having a huge influx of immigrants and therefore a revision in property prices) b. Impact (New Zealand had the fairest farming practices) and c. Grassroot level due diligence (we realized that Food would be a scarce commodity). Today, farmlands are sexy to own by families; but we were ahead of the curve.

How do you work with other family offices?

Networks are the new currency, and through Access Alts, we have created that first East to West bridge through which we connect families and institutional investors from US, Middle East and Europe to the likes of Tencent, JD.com and Baidu in Asia.

I also have a Gen Next club that I enjoy mentoring and learning from (they keep me feeling young) and a Deal Platform where we share ideas. Most importantly, COVID-19 has the potential to destroy family businesses that have taken generations to build.

Amidst this, we are working with other business owners and family offices to best adapt our businesses to the new normal, and strategically enter new business lines such as virtual desktops, drone deliveries and no-touch ID checks.

Future goals?

I am passionate about women on boards and as my daughter becomes a young adult, my next endevour would be to advocate for more women in senior, decision making roles. This is also an excellent time to acquire strategic assets at great valuations in industries that will be key post COVID-19. As a family office, we will keep an eye on that. Finally, I am keen to see an integrated, diverse society and a world without borders, and I hope the current pandemic acts as a catalyst for us to build that.

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A LOOK INSIDE MOTORYACHT M PHOTOS BY JIM RAYCROFT, DESIGNS BY PATRICK KNOWLES

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MI SUENO

A profile shot of one of designer Patrick Knowles’ favorite projects, Motoryacht Mi Sueno. At 182’ in length, she sports ample interior volume, generous deck spaces for sun lounging or swimming in her 2 pools and a host of locations to enjoy al fresco dining.

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The impressive staircase makes a very strong impression upon all who enter the vessel via her formal starboard companionway foyer. Spanning 3 decks, this entry hall also accommodates an elevator sufficient enough for 4 persons, decked out in all of the design features as that of the interior - a ride in her cab is an impressive experience!

Not to be overlooked is the perfect accent of a single piece of art, the incredible, delicate vase by Daum crystal out of Paris.

The amber tones of the crystal appears to have been blown out of the mahogany wood itself !

The dining salon itself is quite impressive! It seats 14 comfortably around a table of walnut and wenge wood with a high gloss finish - a sharp contrast to the surrounding millwork donning a low sheen satin finish. The overhead light fixtures and wall sconces echoe the circular detailing carried as part of the design DNA throughout the vessel. Underfoot are 2 species of natural stone with satin nickel perimeter inlays to add the perfect finishing touch.

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Mi Sueno’s main salon is tailored and clean in muted tones of olive and sand. Her dramatic millwork detailing includes Honduras Mahogany in both ribbon cut and quarter cut configurations, which underscores the strong architectural statement of her core design character, further enhanced by accents of redwood burl. Forward of the main salon seating arrangement is the dining salon and aft is a very unique wine cellar environment unlike any other.

Termed the Resort Deck this space features many entertainment elements such as an adult pool, a smaller wading or “kiddie” pool for the little ones, dual staircases leading to dual sun beds and to the pool with sky tables placed between both pools for refreshments while the owner and his quests enjoy the aquatic experience all day. Of course a forward facing riding seat to watch the horizon uninterrupted makes the perfect spot for sunrise or sunset, and a full service bar makes it certain no one will ever want to retreat from this incredibly detailed teak oasis!

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hirty, twenty, and even just ten years ago, the thought of spending a week in nature under the stars surrounded by mountains, clifftops, jungles, and lakes seemed like a lovely notion for a postcard and perhaps for a handful of adventure seekers who found it somewhat appealing for a couple of nights.

Nowadays travelers can broaden their comfort zone by experiencing some of the rarest and most exotic settings – gazing at the aurora borealis (Northern Lights) from a heated glass igloo in the Arctic Circle, sleeping in a bubble in the middle of a jungle while elephants walk by in Thailand, cozying up to a fireplace in a log cabin deep in the woods of the Tennessee mountains, and much more. What makes all of this unique is the luxury factor.

Luxury in these immersive experiences allows guests to connect 24

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to nature and the local community in a safe environment by creating a five-star setting – with over-the-top accommodations, amenities, and activities. And given some of the hotels have farflung destinations some of which are difficult to reach, there are less accommodations and capacity which make the experience that much more appealing and special to visitors. Who doesn’t like exclusivity and isolation? You can still get butler service 24/7 even in the middle of a jungle!

Essentially, glamping offers luxury in seclusion for those who wish to reconnect with loved ones- whether romantic, familial, or friend-wise. While glamping as has been trending for the past few years, five-star hotels are finding this to be the ideal solution for travelers who want to get away, but enjoy isolation away from the crowds. What better way than by creating

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You don’t need to wait for the world to resume to make glamping a part of your next WOW experience.

IA L. HOFFMAN

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TRAVEL TIPS: ASK ABOUT EXCLUSIVE BUY-OUTS. MANY PROPERTIES NEED AT LEAST EIGHT-MONTHS NOTICE. INQUIRE ABOUT HEALTH POLICIES AND SAFETY PRACTICES AT ANY HOTEL YOU DECIDE TO VISIT.

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accommodations that reflect the indigenous environment. It’s no surprise upscale hotel brands such as Belmond, Four Seasons, Six Senses, Aman, and others are capitalizing on this concept.

From bubbled domes and safari tents to treetop houses and igloos and other unusual structures, there are plenty of options for those who want to connect with nature anywhere in the world including Africa, Antarctica, Asia, Latin America, and the United States.

For instance, the Aman hotel recently launched Camp Sarika at their Utah property. The tents sit among slot canyons and sandy red stones in the middle of a desert. The pop-up is an offshoot of their well-known Amangiri resort which is situated nearby. These fully insulated luxury tents offer complete amenities yet have a camp feel.

Each tent features a private terrace, plunge pool and fire pit, and of course, access to the swimming pool, restaurant, and spa. Rates at Camp Sarika start at about $3,500 per night for a One-Bedroom Mesa Pavilion, including all meals and based on double occupancy.

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In Costa Rica, guests flock to the adult-only bungalow style Nayara Tented Camp, which is part of the luxurious Nayara Resorts and overlooks the Arenal Volcano which is within the national park. Visitors can sip sunset cocktails from their rooftop accommodations while gazing at a lush rainforest looking for wildlife. Guests have the opportunity to explore the nearby sloth sanctuary and enjoy daily yoga and meditation as well as excursions to the Arenal Volcano. Additional accommodations include air-conditioned tents which have plush canopy beds, plunge pools fed by natural springs, and double-headed outdoor showers. Pick your own coffee beans, zip line, water raft among other activities. Rates at Nayara Tented Camp start at $1,200 per night, including daily breakfast and morning yoga.

Luxury hotel brand, Anantara, is on the fast track to opening a series of glamping sites. Camp Nujum located in Abu Dhabi in the Qasr Al Sarab Desert Resort allows guests to sleep in a traditional Bedouin tent. Part of the experience is riding a camel and learning FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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about the Arabian culture. In Chiang Rai, Thailand the Anantara Golden Triangle Elephant Camp & Resort opened Jungle Bubble accommodations. The inflatable bubbles are transparent and offer a king bed and a non-transparent en suite bathroom. The accommodations are elephant proof and include air conditioning.

The Resort at Paws Up, the luxury ranch in Montana, is building The Green O, a new adults-only woodland retreat set on 37,000 acres. It is expected to open September 1. The resort-within-aresort is situated along a river and will have 12 accommodations — from an elevated Tree Haus to a Green Haus with a living roof —all with floor-to-ceiling windows. The accommodations will be scattered throughout the woodlands with focus on a central Social Haus, which will have open-fire cooking. Among new safety guidelines include bringing activities to guests — i.e. dropping off an ATV or e-bike, arranging socially distant guides, leaving a sanitized Lexus at the airport for guests to drive to the resort (following a bellman in a separate vehicle).

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The award-winning Lodge & Spa at Brush Creek Ranch in Saratoga, Wyoming issituated on 30,000 acres of natural solitude and wilderness. Located in the southcentral part of the state in North Platte River Valley, the enormous property is surrounded by dramatic mountain backdrops, lush green forests and rolling hills.Visitors can enjoy an array of accommodations from rooms to cabin suites and homes. An additional rustic glamping experience can be found in a yurt high in the mountains. during the guest’s stay there is much to indulge in - a spa with an outdoor pool, a grotto soaking pool, hot tub, sauna and steam room and three-meal dining services. Staying here is a luxury adventure as there are guides for many activities including fly-fishing, shooting, archery, horseback riding, and more.

In the vast Alaskan wilderness is Ultima Thule Lodge – a once-ina-lifetime experience where your senses are lost in amazement with a vista of a remote landscape like no other is situated in a world far from civilization lies Wrangell St. Elias National Park, the largest

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U.S. national park and its span is equal to at least six Yellowstones.

Imagine seeing or stepping foot on a glacier that no one else has before or hiking a mountain that you cannot believe actually exists and spending idyllic time at a stream or river where the salmon is abundant and the grizzly bears play with their cubs. While this family-owned lodge is merely your basecamp the adventures and this canvas-come-to-life environment leave guests breathless with anticipation. On a daily basis visitors embark on safari treks off the beaten path and literally land via plane wherever they want to go. Dine on the largest glacier on earth, taste wild berries, fish for dinner, and watch the abundant wildlife. Guests can expect plush glamping-style cabins – there are five in total – consisting of a large sitting room, two bedrooms and a full bath with plenty of cozy antique décor. While there is no cell service which is a great way to decompress from the rest of the world, there is Wi-Fi. You don’t need to wait for the world to resume to make glamping a part of your next WOW experience.

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ABOUT THE AUTHOR: Victoria L. Hoffman is the owner of the luxury agency Concierge & Events by Victoria that provides one-of-a-kind WOW experiences, luxury Virtuoso travel programs, and event planning.

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Luxury Afternoons

Care for a Spot of Tea?

BY VICTORIA L. HOFFMAN

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nna Russell, the Duchess of Bedford, was really onto something when she complained of hunger in the late afternoons to Queen Victoria. This gave her the idea of having light snacks and tea and she used this as a social occasion to invite friends. The rest is history.

Always hungry myself, I’m usually in search of the most fantastic afternoon teatimes wherever my team and I go.

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Always hungry myself, I’m usually in search of the most fantastic afternoon teatimes wherever my team and I go.

Why? I love the indulgence of luxury in its simplest form – admiring the shimmering beauty of fine porcelain, the artistic presentation of finger sandwiches, the dainty way the petit fours dress the three-tier server, and the overall admiration of the skillfully placed table settings along with its lace. A visit is not complete without an array of teas and of course, champagne. With an amplitude of fantastic experiences around the world we have curated our own list of favorites.

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ENGLAND Peggy Porschen Afternoon Tea at The Lanesborough - London At London’s The Lanesborough, guests will fall in love with the ethereal fairytale surroundings in the Michelin-starred Céleste where afternoon tea is served. Besides the exquisite floral arrangements and beautiful domed glass roof, the sweets include signature layer cakes and delightful dishes such as Strawberry & Champagne Cupcake.

The Mad Hatter’s Afternoon Tea at The Sanderson - London The name alone – Mad Hatters Afternoon Tea-should make anyone realize they are about to devour something

down the rabbit hole. The only thing missing is Alice and the Queen of Hearts, but instead you’ll find teapots adorned with kings and queens and sandwich plates decorated with zebras, birdcages and ticking clocks. Enjoy Tweedle Dee’s lemon curd financier, a mocha chessboard gateau and with the Mad March Hare vanilla pocket watch macaroon, and Alice’s cinnamon, apple and peach “Drink Me” potion. For the more traditionalists, there is of course, scones, clotted cream and fruit preserve. When in doubt have a glass of Veuve Clicquot.

Pret-a-Portea: The Couture Cakewalk at Berkeley Hotel - London This “fashionable” high tea is known for the creativity of its pastry chef in which the tea service is fashion-themed.

Sandwiches, biscuits, and pastries are made in the forms of shoes, handbags, and haute couture wear. Examples include Manolo Blahnik stiletto biscuits, Yves Saint Laurent sponge cake handbags, and a Giambattista Valli red macaroon dress with chocolate truffles. Guests can also take a masterclass and learn how to make a designer dessert. Go Haute Couture with a glass of Dom to complete your experience.

The Rubens at the Palace Hotel - London Where else can one find a spot of tea for $625? At this London-based hotel guests can get three cups from the pot.

The five-star hotel overlooks The Royal Mews at Buckingham Palace and serves afternoon tea daily. Diners can enjoy assorted scones, pastries and finger sandwiches along with an outstanding tea experience which is a collaboration with FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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tea merchants PMD Tea. Ceylon Golden Tips is a blended tea from Sri Lanka and is considered a rather expensive tea.

Tea pluckers hand pick the buds at sunrise and then sun dry them on a velvet cloth, turning the buds from silver to gold.

Note: there are other more economical afternoon services available to select.

Sketch at Mayfair - London If you’re looking for the place to be seen, then look no further than this swanky over-the-top restaurant which is helmed by the great Michelin-star chef Pierre Gagnaire and restaurateur Mourad Mazouz. Teatime starts early here– at 11:30 a.m. – in the pink Gallery which is very much alive with a whimsical vibrant, unique touch. The wait staff is very glamorous, the string quartet plays modern music instead of the classics as you’d expect, and all the while you’re wondering who is the man dressed in a pink suit and Panama hat. It turns out he’s the caviar man. Yes, this is an actual role. Besides the typical sweets and dainty sandwiches there’s more French flair cultivated here with an egg-andtruffle cheese puff and a foie-gras tartlet.

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FRANCE Le Meurice by Cédric Grolet - Paris Located at the elegant five-star Le Meurice in Paris is Restaurant Le Dalí (inspired by THAT Dali) whose afternoon tea is perhaps the most coveted in the City of Lights. And here’s why – when you have a pastry chef like Cédric Grolet who wins award after award as best pastry chef in the world, it’s a no brainer that all of his creations are magnifique!

La Mirande – Avignon, Provence This 14th century mansion-turned-hotel is located across from Palais des Papes and its elegant rich tapestries, silklined curtains, and antique furnishings draw the eye to the exquisite detail. Daily guests can partake in a high-quality afternoon tea with fresh cakes and pastries.

HONG KONG Upper House On the 49th floor of the Upper House Hotel is Café Gray Deluxe which offers a menu of international and Asian flavors. With an extensive selection, the afternoon tea consists of everything from prawn and mango tea sandwiches and jasmine macarons to rosé champagne. Additionally, the Cookie Department is currently offering a pop-up to go along with the service. Expect brownie-filled chocolate chip and peanut butter cookies among other flavors.

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UAE Ritz Carlton - Dubai Visit the Lobby Lounge at the Ritz-Carlton Dubai where the menu matches the dramatic landscape – the terrace overlooks the Arabian Gulf as well as the Palm Jumeirah and its gardens. Sip champagne while dabbling on a sandwich of roast beef with Pommery mustard or one made of cucumber, chives and sour cream.

UNITED STATES Baccarat Hotel – New York City Perhaps the most extravagant teatime can be found in NYC’s Baccarat Hotel where guests have four different options – from classic British service to caviar-focused with a Russian theme to a French one known as King Louis XV (expect quiche Lorraine) and lastly, the unusual Turkish afternoon tea which is for the spicier connoisseur.

The Palm Court, Plaza Hotel – New York City

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at this historic Manhattan hotel in New York City. Imagine the life of Eloise who lived at the hotel (famous from the children’s book) or F. Scott Fitzgerald strolling by. Visitors can select from three very different services - The New Yorker Tea, The Champagne Tea, and The Children’s Eloise Tea. The first one is focused on classic NYC dishes such as lox and bagels, the Champagne one is the sophisticated choice with caviar and foie gras, and the last one is more focused on children’s dishes including pink cotton candy. All three teas offer plenty of finger sandwiches, scones, and desserts.

Russian Tea Room – New York City The Russian Tea Room remains a New York institution with iconic landmark appeal probably because it’s been around for almost a century. Located near Central Park, the restaurant has been a magnet for celebs, socialites, and power players through the years. Perhaps most dazzling is its glitzy décor such as its 24-carat gold ceiling, opulent artwork, and brilliant red leather banquets. Expect a typical English menu, an exotic selection of Indian teas, and plenty of caviar.

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FAMILY OFFICES & THE WORLD SKY RACE

A Race for the Planet, A Race for Humanity

BY ALAN FARNHAM AND DON HARTSELL

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lan Farnham is a former editor for Forbes Magazine and Fortune Magazine, member of the American Institute Aeronautics and Astronautics Committee for Lighter-than Air, and airship historian.

“We are excited by our being a new member of the Family Office Network. We are in the midst of an epic challenge and adventure which will impact the future course of all and chart a new sustainable path for thriving on Planet Earth. We are inviting Family Offices to become involved in developing and promoting the World Sky Race by adding their experience, resources, and impact investment to the race. The World Air League will connect Family Offices with influential and strategic partners around the world.”

Don Hartsell World Air League Commissioner, Managing Director, Member of the Explorers Club

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Entering the Tour de France of the skies, the competing airships and their teams representing the pride of nations will be chasing the $5,000,000 World Sky Champions Prize. The Race route will fly over more than two billion people, making the Race the most connective event experienced and seen by the largest live audience in all of history. And, on the top of that, the Race will be internationally televised and the center of global viral social media. More than just diamonds and gold, the winners will gain world-wide iconic celebrity-status and make history by being the first ever to circumnavigate the planet in an airship. No one remembers second place.

The World Air League® (WAL) is organizing the World Sky Race® (Race), the historic first race of airships to circle the planet, starting on the London Greenwich Prime Meridian September 2023 and finishing in Paris at the Palace of Versailles May 2024.

At the ground floor, visionary Family Offices will support and engage in the creation of an uplifting event for our entire world and amplify its impact by leveraging their global networking connections and resources. Beyond the headlines of today, the journey and purpose of the World Sky Race is to chart a new horizon, by providing the world with reasons to Look-Up. Family Office Networks will be active in their elite involvement from airship team ownership to branding for legacy to fulfilling philanthropic environmental and educational missions.

The Race will consist of sixteen legs with sensational stops and fly-overs of important, select and exotic destinations of the world.

The Race Summit Host Sites will include the opulent panoramas of London, Berlin, Monaco, Rome, Cairo, Delhi, Singapore, Kyoto, San Francisco, New York, and Paris. Each will be the center stage of the world’s attention. Family Offices around the world will be seen on the red-carpet at each of the Summit Host Sites along with heads of state, airship team owners, A-listers, and elite press in attendance.

Governments around the world are involved in Race logistics and permissions. Ministries of Tourism are the white knight champions for their country, each vying for the prestige of being included on the Race route. Egypt has given permission to land at the Great Pyramids. Italy will allow flying over the Roman Coliseum. The Portuguese Navy has offered two frigates with helicopter decks to be a part of the escort and safety net for crossing the Atlantic Ocean. We have a Navy!

The Race route will fly over more than two billion people, making the Race the most connective event experienced and seen by the largest live audience in all of history.

PROPOSED RACE ROUTE AROUND THE WORLD INCLUDING FLY OVERS OF UNESCO WORLD HERITAGE SITES FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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THE FUTURE OF AIRSHIP TRAVEL - AEROCAT R12 BY AEROVEHICLES

A Race for the Planet The World Sky Champions Prize will be an agent of change

as a positive technology and commerce disrupter. The power of prizes is proven. The 1994, $10,000,000 XPrize for civilian space flight produced a space industry that will create fortunes measured in trillions of dollars. The 1919, $25,000 Orteig Prize awarded to Charles Lindbergh for his historic non-stop New York City to Paris flight ushered in the global aviation industry that we enjoy today. The 1714, £20,000 Longitude Prize, awarded John Harrison for developing synchronized time navigation yielded the technology edge enabling the United Kingdom to be the world’s leading naval and commercial power for several centuries.

Encouraging a future green and sustainable evolution in aviation, the World Sky Champions Prize is currently funded with $1,000,000. The prize is an incubator for advanced lighter-thanair (LTA) aviation technologies. The prize will inspire inventors to invent, investors to invest, and adventurers to compete. This 50

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will modernize LTA flight, which until now has used technology dating from the 1920s and 1930s. Right out of the box, the Race will demonstrate a new kind of flight with greater fuel efficiency, less pollution, and less destruction to the environment than the kind we know today.

Airships fly because, like balloons, they are naturally buoyant, getting most of their lift from safe, inert helium gas. They use motors to go forward in the air, but don’t need runways to taxi to take off—they just float up! Nor do they need airports to land. Result? Compared to planes, their energy needs and infrastructure costs are small.

For governments around the world, infrastructure construction and maintenance costs are among the biggest items in their budgets. Additionally, building infrastructure entails destroying

the environment: Paving roads, building bridges, dredging harbors and waterways all destroy everything that gets in their right-of-way. Essentially, LTA reduces and, in many instances, will eliminate the need for massive new infrastructure. In this jet age, airships may seem antique. But the reverse is true.

Environmentally, their time is now. LTA fuel and pollution savings are greater than 80% compared with other aircraft.

The development of LTA based aviation will open trade, commerce, and tourism by connecting all of humanity. Peter Bakker, CEO of the World Business Council for Sustainable Development, said, “Humanity is divided into two halves. Sixty percent of us have roads, railroads, runways and harbors. Forty percent have cow paths, jungle trails and tundra crossings.” LTA aviation will connect both of these halves without imposing an environmental cost. Building roads through pristine environments disrupts local cultures of indigenous peoples—and it’s expensive. It is said, “The wireless cellular revolution eliminated the last mile of copper lines, the most expensive mile.” The LTA revolution will eliminate the last 1,000 miles of roads. World-wide, governments will calculate the savings.

The World Sky Race Prize will have an impact that is positive, profound, and sustainable.

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A Race for the Humanity The Race route will take the airships over more than 130 UNESCO World Heritage Sites, the most iconic monuments to humanity’s cultural achievements. Imagine the photo ops and social media possibilities.

Differing from other sporting and entertainment events, the World Sky Race will be dedicated to a work that will always be in progress—educating the next generation. The United Nations estimates there are 59,000,000 teachers in the world. With the support and guidance of our Family Office educational partners and sponsors, the Race will reaffirm the universal truth that education—foundation of civilization—is based on story telling.

For teachers to be inspiring, they need to connect subjects with story-telling. The stories need to be inter-active and live. They need to be provocative and relevant.. For an entire school year, classroom discussions around the world will start with the fun question, “Where are the airships today?” – inviting discussion of geography, history, science, math, and more.

Telling the story of the Race will weave diverse threads into a virtual tapestry spanning the globe. Classrooms connected by the internet will explore horizons near and far. As the airships are traveling over them, classrooms will be selected to present the day’s internet lessons. On that day, the students presenting will be global leaders with 2-3 million fellow students watching their smiles, listening to their stories of who they are and where they are, and learning. The lives of the students who present will be forever changed, as they become true citizens of the world. With our Family Office Network partners, we can reach the world’s next generation while they are still in their classrooms, preparing for their missions in life. The shared bond and dividends of this unique educational experience and investment will last a lifetime.

The Race route will take the airships over more than 130 UNESCO World Heritage Sites, the most iconic monuments to humanity’s cultural achievements.

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Branding and Legacy In 1998, Richard Branson sealed his status as a social media celebrity adventurer when he, Steve Fossett, and Per Lindstrand attempted to circle the world in a balloon. Seven days after its launch from the Moroccan desert, the enormous balloon with its intrepid explorers ditched into the Pacific Ocean northwest of Hawaii on Christmas Day, nearly 9,000 miles short of their goal of being the first to circle the globe in a balloon. Branson was fined $150 by U.S. Customs for entering the United States without a passport. That was just small change out of his funding $8.25 million for the effort. According to Virgin, the branding value of the publicity for this seven-day effort exceeded $240,000,000.

Branson’s expedition was pre-internet. There was no Twitter, no Facebook, no Instagram, and no social media. There were no international competitive sports, no educational programming, no environmental recognition, and no entertainment. Today, now, each World Sky Race Airship Team will have a greater branding value than Branson’s 1998 flight.

Back to the Future The 1920s and 1930s are described as the golden age of airships.

Long before planes had evolved, Zeppelins were the first craft servicing as international airliners, with scheduled operations between Europe, North America, and South America. They were huge domineering ships of exploration that inspired awe in everyone who saw them. They commanded the skies. And they offered, too, the height in luxury, with fine wines, champagne, and caviar served in an elegant lounge furnished with a grand piano.

Delivering passengers over the oceans, they were the Concorde of their day. By the time the Zeppelins retired from service they had logged more than 50,000,000 passenger miles.

USS AKRON (ZRS-4) OVER NEW YORK CITY

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HINDENBURG (LZ-129) OVER NEW YORK CITY

THE HINDENBURG’S BLÜTHNER — A GRAND PIANO IN THE AIR

COCKTAIL STEWARD ON THE HINDENBURG

OBSERVATION DECK AND DINING ROOM ON THE HINDENBURG

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AEROCAT R12 PANORAMIC SOCIAL OBSERVATION LOUNGE

The iconic 1937 “Oh, the Humanity” crash of the Hindenburg

has created the impression that Zeppelins were not safe, and that that accident stopped their usage and development. Instead, it was improvements in airplanes that made Zeppelins obsolete.

The availability of helium also was an issue: At the time, helium was produced only in the United States, and was thus considered a strategic asset. It was withheld from other nations, which was why the Hindenburg was filled with flammable hydrogen.

Another issue with airships was their handling: Landing was labor-intensive, requiring hundreds of men to pull down a motorized flying balloon that would otherwise float away. In the aviation technology race, the airplane won—at least, back then.

Today, the aviation technology race has a new chapter being written. Airships are now the safest form of aviation travel.

Airships are sustainably green and commercially profitable. As an agent of change, the World Sky Race will usher in a new golden age for airships. It will be this century. Prior technical disabilities have been resolved, with point A to point B speeds faster than trucks, ships, and rail. Airships are second in speed only to airplanes, but consume far less fuel and have a minimal carbon footprint. The Race will encourage a fresh start with modernized materials and engineering. Savvy Family Offices participating in the Race will observe first-hand engineering proofs that will disrupt global logistics and air freight commerce. They also will

AEROCAT R12 PRIVATE ADVENTURERS’ SUITE

be at the starting line of the race to build the luxury sky-yachts of tomorrow, for travel and entertaining business connections around the world. The World Sky Race will start that race as well.

Learning from the past to create a new future in luxury air travel, the Aerocat R12 was designed by Aerovehicles. Aerovehicles is also the manager of the official South America Airship Team for the Race.

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Esteemed Friends, Supporters and Advisory Directors The Race is about making connections. Among the esteemed friends, supporters and advisory directors for the Race are distinguished members of the Explorers Club, including: Zahi Hawass, Ph.D., former Egypt Minister of State for Antiquities; Bertrand Piccard, Ph.D., first to circumnavigate world in balloon, first to circumnavigate the world in solar- powered plane; Sylvia Earle, Ph.D., Time Magazine‘s First Hero for the Planet, National Geographic explorer-in-residence; Kathryn D. Sullivan, Ph.D., first American woman to walk in space, former Under Secretary Commerce for Oceans and Atmosphere; Erik Lindbergh, Chairman Charles A. and Anne Morrow Lindbergh Foundation, member XPrize Board of Directors; John and Martha King, National Aviation Hall of Fame, Explorers Club Lowell Thomas Awardees; and, Norman Augustine, Ph.D., retired Chairman and CEO of Lockheed Martin, former Chairman American Red Cross, US National Medal of Technology.

“ When I set out to build a solar-powered airplane capable

of flying around the world, I wanted to send a message that clean technologies could do more than we ever thought possible, if only we let go of our assumptions and certitudes and thought about how we do things in a different way.

DR. BERTRAND PICCARD FELLOW MEMBER OF THE EXPLORERS CLUB

I am pleased to be involved with the World Air League as they are embracing the idea that we must find new ways of doing things to move toward sustainable aviation. The World Sky Race is an opportunity to release ingenuity from its usual constraints and enable us to think in every direction, developing new technologies and solutions to aviation challenges.”

“I have had the privilege of seeing Earth from the

extraordinary perspective of outer space. That perspective reinforced for me the uniqueness and unity of our home planet. The World Sky Race aims to rekindle the spirit of innovation and exploration in youth around the globe, remind them of our common fate, and equip them to develop solutions that will allow humankind and nature to thrive on our changing planet.”

DR. KATHRYN D. SULLIVAN FELLOW MEMBER OF THE EXPLORERS CLUB 5588

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The Explorers Club was founded in 1904 to organize the first expedition to the North Pole.

‘Firsts’ by Explorers Club members include: First to the North Pole; First to the South Pole; First to the summit of Mount Everest; First to the deepest point in the ocean; and First to the Moon.

DR. SYLVIA EARLE HONORARY PRESIDENT FOR THE EXPLORERS CLUB

Airship Team Ownership: an adventure befitting a largerthan-lifetime of accomplishments For Family Offices with operations domiciled outside of the United States, the World Air League has been advised that structured financing for starting a Race airship team is potentially feasible and available. This would be backed

by U.S. government 85% guarantees through the EXIM Bank under their program for encouraging exports of U.S. manufactured aircraft. Ownership of an Airship Team representing a nation in the World Sky Race will generate the highest acclaim and will facilitate the most unique connections for hospitality, business, government relations, philanthropy, research, and entertainment.

Do you want to know more? communications@worldskyrace.com www.worldskyrace.com

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Removing theTarget

How to Avoid Real and Potential Personal Safety Threats for Your Family Office

BY MOLLIE PAGE

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ou worked hard to earn your wealth, but your lifestyle might place a target on your personal safety. Recent Federal Bureau of Investigation (FBI) reports show predatory crime in America has decreased 50 percent since the 1990s, but cybercrime continues to grow, stealing over $835 million from Americans over 60 years old in 2019 alone. With great wealth comes great risk. But many family offices renounce the warning signs and continue to expose their personal safety to avoidable dangers.

Is this your truth? Do you feel safe in all situations? You probably shouldn’t according to Mark Baker, a 30-year veteran of law enforcement who provides crime risk assessments to wealthy families through RE1Safe. As a tactical safety trainer, Mark says a large number of high-profile individuals expose themselves to predatory criminals every time they leave the house.

“I was in London a few years ago and met a very notorious British rock band member who inquired about the need to hire a security consultant. After discussing his family, touring and 60

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travel plans to identify risk exposures, the rocker agreed to take my advice to consider added security and the need to ‘have a security plan.’ After we finished at the musical venue, he grabbed his guitar and he and his family started walking toward the exit to hail a taxi. I asked him, ‘Where are you headed?’ He responded, ‘To a taxi stand a few blocks down and through Hyde Park.’

‘Alone?’ I asked. ‘Yes. I know the way!,’ he replied.”

Baker reminded the man that he was transporting a very expensive vintage instrument and that his face would not go unrecognized on the streets of London. Aside from paparazzi, the rocker was about to create a potential fanatic mob situation.

“I couldn’t believe he was so naïve after nearly 50 years of fame!”

While most wealthy individuals don’t have to endure paparazzi on a daily basis, some might underestimate their vulnerability to real-life and cyber criminals. Ask yourself: Is my business or digital identity at risk of ransomeware? Am I traveling to a country with a high-crime rate? Do I trust my inner circle to guard my privacy? Fortunately, there are solutions to improve your personal safety both online and IRL.

Smart Technologies Might Not Be Safe According to Amazon, there are 100 million Alexa-enabled devices currently in operation around the globe. Yet hackers continue to access these and video-enabled door cameras daily.

Being plugged into the internet 24/7 comes with great risks. Ask a few unlucky celebrities about their viral sex tapes.

While the convenience of smart technology promises to improve our lives, the safety risks are cause for concern. “Social media platforms contain an abundance of information that could be used to gather intelligence on individuals,” says Baker. “What you’re doing, where you’re going, who you are with, and where you are located at any given moment. Vacation photos and location postings can jeopardize your personal safety, your home security, and make you, your family, or your valuables an easy target.”

firewalls, you can protect yourself digitally by never using openconnected internet in hotels, airports, and public places (cafes, etc.). High-profile individuals are often also targets of “cuckoo’s eggs” attacks, in which hackers gain access to their computer and upload illegal items like child pornography or fraudulent tax documents. Have an information technology risk specialist assess your safety on all personal devices, including cellphones, laptops, and tablets.

If you have wealth and enjoy technology, you might want to hire a digital security specialist who can assess your smart-technology risks. This includes your safety in high-performance vehicles that have internet-enabled systems (e.g., Audi or Tesla) or have bluetooth integration. Security professionals recommend you always walk to your vehicle with the key fob in your hand as it has a panic alarm button to scare away intruders or call attention to your endangerment. However, a hacker in San Francisco recently invented the “keyless repeater” which helps users break into any luxury car that uses a wireless key fob system. It sells for $9,000.

Fortunately, many automotive insurers have coverage plans that will cover the expenses related to attacks and fraud.

Viruses and malware attacks are on the rise. Beyond antivirus software, Fort Knox encryption and passwords, or hefty

Do I Need a Bodyguard?

You are at risk of personal safety and could benefit from protection if you are a:

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CEO of a large company on the verge of announcing big news that affects shareholders or employees, e.g., mergers, quarterly earnings, acquisitions, bankruptcy/restructuring, layoffs.

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High-net worth individual about to end a romantic relationship.

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Celebrity currently in the news or traveling to unfamiliar areas or abroad.

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High-profile politician or candidate.

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Big lottery winner or recent heir to a massive fortune.

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Privacy vs. Personal Safety Privacy is precious. But when you have great wealth, your need to remain private can be disabling. This is especially true if you continue to think your public rituals and unassuming behaviors should be no different than most people. Even if you drive a Honda, wear t-shirts and jeans, and never miss a Sunday dinner at home with the family, if you have great wealth, you need to watch your back.

“I tell my wealthy clients to incorporate some spontaneity in their everyday schedules,” says Baker. “Leave for work an hour later one day, drive a different route home, be unpredictable in your daily habits. This prevents someone who might be tracking your activity from planning a crime.”

Unfortunately, most criminals are not strangers. They work in your home, live in your home, or have high-level or special access to your private data or property. These include professionals you trust or have put your family’s safety in their hands. Chip Olson, CEO of RE1Advisor, the agency that provides the RE1Safe program, says background checks are a good first step when hiring help. “Our company will often go one step further and do risk assessments on long-time employees. If an employee is in serious financial distress this increases their chance of theft or embezzlement.”

Olson said his company has also been asked to help in cases where family offices must hire at-home healthcare for aging loved ones. “This is definitely not an area where you want a stranger that hasn’t been properly investigated. It’s also good practice for wealthy individuals to have all care professionals and home staff sign non-disclosure agreements.”

Christopher Lombardo, a Florida divorce attorney for high-net worth individuals, said his decision to have his 30 employees

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participate in an active shooter training class has changed the way he does business now.

“When you receive death threats in writing you know these individuals don’t care anymore about logic or the law,” said Lombardo. “The class helped us identify our weaknesses and taught us how to be reflexive.”

Instead of an open reception area, Lombardo’s office now has added security features including cameras, more exit doors, and a restructured reception area that keeps employees safe. They’ve also purchased police-grade mace and trained key personnel on how to use it and developed an emergency plan that illustrates where to run or hide if a threatening individual enters the building.

Unfortunately, a too common occurrence these days is the purchase of a firearm without proper weapons training. Baker, who also leads active shooter training classes across the country, says in most cases he discourages clients from carrying a firearm in public, unless you have been properly trained and are familiar with the laws and issues concerning concealed carry. “If you are in an altercation, you are bringing a firearm into play, that very well may be used against you. A gun could prompt an aggressive response from someone who wasn’t planning on being aggressive, or from a bystander that witnesses what he or she may perceive as an active shooter threat and respond with deadly consequences.”

Instead, Baker suggests you “pay attention to those around you and their mannerism or behaviors. Travel with a companion and walk confidently, with purpose. Be cautious of people hanging around with no visible purpose. If you carry a purse, clutch it between your arm and body. Avoid wearing headphones, earbuds or constantly looking down at your phone. If you are distracted, then you are an easy target and a terrible witness when trying to describe what happened after a crime.”

Staying Safe Beyond Borders With passports in hand, thousands of high-net worth Americans travel abroad each month in search of exotic respite, adventure, or economic opportunities. Typically not naïve to international travel, these globetrotters are often also experienced in navigating foreign customs, international business laws, and currency exchange hurdles. But there’s been growing concern over the personal safety risks facing these travelers. Here are some tips to keep you safe when traveling abroad:

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Check the U.S. Department of State’s Travel Advisories website to review international travel advisories/warnings (travel.state.gov).

security does not mean you are paranoid. “Many wealthy people think they can hide their wealth by just behaving like regular citizens. But criminals don’t normally target regular citizens; they are searching for people of means and the internet is making the task much easier.” From public records to vacation pictures, there will always be a thread of data on you that paints a picture for a criminal. So why don’t high-net worth individuals employ a security specialist or develop a personal security plan for themselves or family? Baker says it’s because of several factors:

• Perceived cost is the main reason as people believe a service this intimate must be expensive.

Enroll in the Start Traveler Enrollment Program which alerts U.S. Embassies and Consulates of your travel plans.

• Having additional visible security personnel may be

For high-profile individuals, consider ransom and kidnapping insurance.

• Fear it may create a constant reminder that, at any time,

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Don’t put your name or phone number on luggage tags.

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Report any suspected virtual or real scams to the FBI.

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Have a plan to “check-in” with a friend or relative living in your home country on certain dates and/or times while traveling.

One of the most prevalent scams affecting international travelers today is virtual kidnapping. This crime involves a person stealing your personal information (and oftentimes cellphone) and contacting loved ones while they know you are not available. In some cases, they will lie and tell family that you’ve been kidnapped and demand money in exchange for safe return. In other cases, they call or stop you directly and warn you that you’ve been issued a “fine” that must be paid immediately or you will go to jail. The FBI recommends you get to a safe place and contact the FBI or U.S. Embassy. Wealthy individuals should also discuss these scenarios with family and advise them to call the FBI if they receive a suspicious phone call. Baker says being vigilant about personal

perceived as “privileged” or “above” their friends.

danger may be present, thus raising their level of anxiety and resistance to a visible security team.

• It will hamper their lifestyle and flexibility or the notion

that they have never needed it before thus creating a false sense of security.

Ultimately, the question is: What do I need to do to feel safe or have a plan to protect the ones I love? Baker believes hiring a security agency to perform a full risk assessment is as important as getting a wellness checkup with your doctor is each year. A security contractor can help you identify areas of weakness in your home or business and recommend steps for added protection. Most agencies provide personal security assessment reports for a fee, and then you decide whether to proceed with or decline the recommendations. Just remember: Having a personal safety plan is simply another step in protecting your health – and life!

It’s better to have the vaccination than the virus.

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A Stunning Sea-Front Vi on the Amalfi Coast

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ituated at the mouth of the Valle dei Mulini, Amalfi enjoys a rich tradition as the first of Italy’s Four Maritime Republics. A curving, scenic highway renowned as one of the most beautiful roads in Italy follows the coastline’s natural course and features spectacular views of rock and sea cliffs. The towns along the Amalfi Coast are graced with stunning homes that cling to the rock and connect via covered alleys and stairways.

One spectacular villa that overlooks the Amalfi Coast’s rocks is a historical estate that dates back to the 18th century. Its current owners restored the seven-bedroom, eight-bathroom home while maintaining its original features. The estate features three floors, each with a charming view of the sea and Positano’s bay.

The main floor is home to a bright living room with big windows and a special suite highlighting the Montgolfier brothers, inventors of the hot air balloon. This level also features a panoramic terrace that serves as a breathtaking spot to enjoy the view of the surroundings.

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A charming staircase then leads to a sleeping area with four seaview bedrooms balconies overlooking the terrace. Suites feature frescoed domes with original paintings, charming marble fireplaces, doors painted by artists of the School of Naples, and tiled floors with ceramic decorations.

The Romeo and Juliet suite is situated on the lower floor and has private access as well as a charming balcony overlooking the sea and the Afroditis swimming pool, which is complete with a sunbathing area, showers, a bar and changing rooms.

The estate is surrounded by grounds featuring a luxurious garden and olive trees typical of the Campania region. Besides its priceless setting, this exclusive villa also features a 360-degree view of lovely landscapes and even the Island of Capri.

illa

One spectacular villa that overlooks the Amalfi Coast’s rocks is a historical estate that dates back to the 18th century.

THE VILLA IS CURRENTLY FOR SALE AND POTENTIAL BUYERS MAY REQUEST INFORMATION AT WWW.LIONARD.COM/SEA-FRONT-VILLA-FORSALE-AMALFI-COAST.HTML

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Why Family Offices Choose Concierge Medicine

BY SARA O’BOYLE

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n today’s traditional medical setting, physicians find themselves spending less time on direct patient care and more time meeting tedious documentation deadlines for insurance and government related orders. As a result, physicians and patients alike feel frustrated from the lack of time and frequency with one another to better treat and prevent illnesses. The healthcare industry is no stranger to breakthrough medical innovations—from the development of new antibiotics, perfecting life-saving surgeries and now, new medical delivery models with an emphasis on patient satisfaction such as concierge medicine.

Concierge medicine, also known as boutique medicine or retainer-based medicine has grown and evolved over the last 25 years into a trusted healthcare alternative to better meet the needs of both doctors and patients willing to make the switch. Concierge Choice Physicians, the second largest concierge care medical practice, recently released a survey which revealed a whopping 98 percent of patients felt more satisfied with the communication, access and relationship with their concierge physician.

Below are some of the reasons we see family offices joining this revolutionary healthcare model.

1. Concierge care incites stronger, trust-based physician-patient relationships.

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intimate settings, such as the patient’s own house and of course, the time spent together which is not present within traditional offices. One of the largest benefits of concierge care is round-the-clock accessibility of physicians. Due to their smaller patient panels, concierge doctors spend more one-on-one time with patients as well as more time scanning their charts and history to become true experts on their health and family history. “Whereas a traditional practice may have 2,000+ patients, concierge practices typically have a total patient panel of 400-500 and as a result, these doctors see much less patients on the daily,” explains Dr. Tarah Freyman of Balda Health. “I block off about an hour of time for each patient whether they’re coming into my office or I’m heading to them for a house visit.”

“My patients are like family to me,” explains Dr. Laura Balda of Balda Health. After-hour and weekend access, home visits, and telemedicine features make for closer relationships, resulting in greater peace of mind for patients. Physicians are available via email, text, video conferencing and phone calls on the patients’ whim for any medical needs, questions, or concerns. Appointments can be made within hours of request and annual check-ups can last anywhere from an hour to two hours long. Concierge physicians have the time and funds available to provide these specialized services while patients reap the benefits of their retainer.

2. The retainer-based model is cohesive, smart, and financially efficient.

In the concierge care model, patients pay a monthly or annual flat membership retainer fee in advance for medical service. According to the American Academy of Private

Physicians (AARP), this rate fluctuates anywhere from $1,500 to $25,000 a year. When concierge care was first introduced in the mid-1990’s, the rates were much more exclusive. With time and advancement, concierge care is becoming more affordable as more plan options are made available.

The retainer fee does not replace health insurance – emergency room visits, out-of-network care and specialist visits are not included, but the goal of concierge medicine is to treat issues before they develop into needing any of the prior mentioned. The concierge model has shown to be efficient in a mutually beneficial fashion for patient and physicians alike. Physicians can see fewer patients for larger amounts of time, resulting in lower burnout rates and better functioning practices while patients benefit from the personalized, comprehensive care.

3. Retainer-based care is the future of telemedicine and IoT-devices, which allow for an increase in preventative care.

IoT devices have transformed many fields of study, especially that of healthcare. From glucose monitors, electrocardiograms, and even devices such as Fit Bits, these devices are connected to physicians’ own personal technologies to better monitor their patients in a concierge care practice.

Noel Guilliama, founder of OXIO Health, believes the future of telemedicine lies within the concierge medicine model. “The aggregation of concierge medicine will be augmented by telemedicine – by using IoT devices, which allow data to be captured and stored.” Data is stockpiled into a large file, making the patients’ history more revealing in possible underlying issues, diseases, and illness before they become worse. This is also helpful for those who are healthy but wish to keep an extra eye on their health.

Telemedicine allows physicians to teleconference with their patients from the comfort of their own homes. Private platforms are used so HIPAA regulation is not compromised.

The patient can use any mobile device available to them, eliminating the need for a trip to the office and saves them the wait time. Some concierge physicians also include more advanced telemedicine practices, which include abilities to monitor patients’ vital signs and share x-rays among other tests seamlessly and easily – all remotely. The ability to access this data at any time for long periods of time allows for concierge medicine to continue to provide preventative rather than reactive care.

4. It is the safest option for primary care in a post-COVID world.

Conventional physician practices have been marked by despair amid the COVID-19 global pandemic. The impact of coronavirus continues to unravel today. Masks and social distancing techniques are going to be around indefinitely.

In the meantime, families continue to seek ways to stay smart about their exposure in these unsure times, especially among those with members aged 65+.

Boutique medicine is expected to climb in the next few years, in fact, Mr. Guilliama states “Concierge medicine and the post-COVID world shows a positive correlation – they’ll be working hand-in-hand.” It is a risk now to walk into a hospital, let alone stay and be treated in one.

Procedures and medicine often given in a hospital setting can now be done in the patients’ home, avoidant of any unnecessary exposure to the virus. This is especially helpful for the elderly and those made vulnerable by diseases that render them immunocompromised.

As today’s telemedicine environment continues to grow and become a new normal, concierge medicine is expected to continue to expand alongside it. Countless family offices feel their transition has changed their medical experiences for the better in that they receive preventative, customized care and feel more important to their physician. Concierge care is an evolutionary medicine for those willing to invest in their most important asset, their health.

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ECONOMIC UNCERTAINTY BRINGS OUT BIG CHANGES IN THE ART WORLD

By: James R. Hedges, IV

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rt is a curious asset class- often viewed as a discretionary expenditure by the world’s wealthiest people. In the 1970’s, 1980’s and even into the 1990’s, the art world was a very insular, small circle of private individuals and collecting institutions. It was a world inhabited by those with a passion for the art who largely amassed remarkable collections over the course of collecting for decades. From time to time, one would read about a collector whose collection was worth extraordinary amounts of money, but the art world was never pedestrianized, and it was always viewed as an insider’s game which required special connections for access to the highest quality investment-grade works of art.

However, the 1990’s and early aught’s saw a massive change in the way in which the art world operated. During this period, wealth creation was at the fastest pace in human history. Newly minted millionaires and billionaires wanted in on the art game, and the art market of galleries and auction houses responded with an ample supply of new product to acquire. Aware of the outsized returns that could be achieved in the art world, a new breed of collector entered the market: the speculator: those who felt art was not only something that afforded social status and represented a very high level of achievement and cultivation, but also a world in which one could easily and regularly flip works into an appreciating market and make remarkable returns, which often outpaced traditional investment markets.

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The greatest counter-intuitive surprise about the art world is that it does tend to perform very well in periods of financial market uncertainty. As both a collector and private art dealer (of Andy Warhol photographs and outsider art), I have been struck by how well art performs in times of uncertainty. For example, in the current COVID-19 pandemic and its subsequent financial volatility, one would naturally assume that art sales would be down.

My experience is the exact opposite. Collectors view art as a store of value, a more stable form of wealth protection that the stock markets which are routinely up and down 20-40% from peak-to-trough at a time and a means to put assets into things of personal value, rather than financial value alone.

With all this said, it’s also worth pointing out that financial volatility, such as that we are now experiencing, draws a whole new set of sellers into the market, and there can be extremely interesting distressed asset investment opportunities for those collectors who need to raise cash in a short time frame. Said another way, the “bid” is still strong in the art market, but there are certain “offers” which can offer great opportunities for making some great money over the long term.

AN D Y W AR H OL , D IAN E V ON F U R S T E N BE R G AN D E G ON V ON F U R S T E N BE R G , 1976, 3. 375 X 4. 25 IN

ANDY WA RHOL, K EI T H HARING A T AN D Y W A R H O L ’S MON TA UK E S TATE, “ EO TH EN”, 1 9 8 4 , 8 X 10 IN

Enter the new art world: art-as-an-asset-class. Art does have a

diversifying impact on one’s investment portfolio. It can generate great returns, short term and long term. It is also a very global market with investor demand coming from nearly all corners of the globe. Therefore, as one market may be depressed, there are also collectors in other markets who may not be impacted, thereby keeping overall global demand for art high. Adding to this global demand picture, one must also acknowledge the store of value aspect of the art world. It is not uncommon for wealthy individuals in countries with currency controls and other limitations on their local investments to use art as an asset class to transcend their local borders in favor of a global currency.

While art is illiquid and costs money to store and insure without any offsetting yield, it is also a market in which there is a rather broad set of categories and artists that are ‘investment-grade.’

The higher one goes up in the food chain, the more stable the values tend to be, and as such, we increasingly see more investors looking for ways to diversify their portfolios into art.

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Your legacy is the impact that your philanthropy achieves

Our global portfolio of carefully vetted nonprofits lets you harness the power of innovation to fight social injustices.

OUR SERVICES ARE 100% FREE MYLEGACY@EPIC.FOUNDATION

SAN FRANCISCO | NEW YORK | LONDON | PARIS | BRUSSELS | GENEVA Epic Foundation is a 501(c)(3) nonprofit charity in the United States, a Registered Charity #1163753 in the United Kingdom, an Endowment Fund in France, and a Foundation in Switzerland.

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A ND Y W A R H O L , M ON T AU K BE AC H , 1977, 21. 25 X 27. 25 IN

In closing, one final word of caution, this current moment of stress has also brought more fraudulent sellers to the market than are normally visible. Recently, I was presented an opportunity to acquire a small collection of works by Andy Warhol valued at approximately $5 million. The story and purported provenance made this situation attractive enough for me to board an airplane to fly cross-country to evaluate the works in a warehouse. Upon my arrival, it took me about a half hour to determine that the works were, indeed, fake. I’ve also noted in recent months a number of works attributed to artists which I can determine to be fakes as well. Second tier auction houses which are easily sourced through platforms like Live Auctioneers are regularly offering works that are not authentic. I’ve seen around a dozen examples of this in the past few months. So, extra caution and diligence is really needed at this time, more than ever.

Hedges Projects, LLC is the world’s leading private dealer of photo-based works by Andy Warhol and a leading advocate for Outsider Art. Hedges Projects is also active in making both equity and debt investments into art.

ABOUT THE AUTHOR: James Hedges is an avid investor and art collector. Hedges founded alternative investment advisor LJH Global Investments in 1992 and later founded art-finance lender Montage Finance in 2010. Art & Antique Magazine named Hedges as one of “The 100 Collectors in America. He has been an active philanthropist and art collector for over 25 years. Hedges resides in Los Angeles and spends his time between there, a ranch property in Aspen, and a home in Europe.

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CHARLES LINDBERGH

The Lindbergh Foundation Spirit of the Future

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n May 20, 1927, Charles Lindbergh accelerated the Spirit of St. Louis over the dirt runway at Roosevelt Field in Long Island, New York and took to the air. A crowd of about 500 onlookers watched Lindbergh just clear the telephone wires at the end of the strip and disappear into the early morning light.

That the flight got underway at all was something of an unlikely success story. In 1919, New York hotelier Raymond Orteig had offered a $25,000 reward for the first aviator to fly non-stop between New York and Paris. Over the years, multiple teams had tried, many spending far more than the value of the prize money in the attempt. By 1927, six men had died, three had been seriously injured and two others had simply vanished. None had come close to succeeding.

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Lindbergh convinced a small group of St. Louis businessmen to invest in an improbable and audacious idea: that an obscure 25-year-old U.S Air Mail pilot, taking an approach which went against all the common wisdom of the day, could succeed where some of the best known and well-funded pilots in the world had failed.

The group raised $10,580 for Lindbergh to build a plane of his own design: simple, efficient and light. Unlike the tri-motor aircraft and multi-pilot crews favored by most other teams, he would get by on a single engine and he would do it alone.

Thirty-three and a half hours and 3,600-miles later, Lindbergh landed at Le Bourget Field in Paris to claim the prize.

The flight proved to be an inflection point in modern aviation. Within 6 months, the number of pilots in America tripled and the number of licensed aircraft quadrupled. Within 18 months, the number of passengers buying tickets on commercial flights increased 30-fold.

85th Anniversary Explorers Club- Neil Armstrong (sitting) L-Rt. Yolanka Wulff, Erik Lindbergh, John Petersen, Reeve Lindbergh, Katie Prybil, Kristina Lindbergh (sitting) Astronaut (last man on the moon) Gene Cernan, Gregg Herrick, James Lovell (apollo 13), Larry Williams, David Treinis, Rusty Whitley, Judy Schiff, Martha King, Daniel Bennett and John King.

While Charles Lindbergh would forever be remembered for that flight, what is less well known is that he and wife Anne Morrow Lindbergh, an aviator and author herself, were among the nation’s earliest environmentalists. Seeing the planet from above affected them profoundly and they dedicated much of their lives to the idea of preserving the earth amidst advancing technology. After Charles Lindbergh’s death, the Lindbergh Foundation was founded in 1977 by astronaut Neil Armstrong, aviation pioneer Jimmy Doolittle and other friends of the Lindberghs to preserve their vision of promoting balance between advances in technology and preservation of the environment.

“We’re exposing the public to the bleeding edge of aerospace technology,” said Lindbergh Foundation Board Chairman Erik Lindbergh. “Many of the speakers are focused on moving the needle forward around the environment. It introduces these individuals to investors and gives them content they can share.”

Charles and Anne Morrow Lindbergh

Lindbergh Innovation Forum

The Lindbergh Foundation has evolved during its 43-year history, but Executive Director Arvind Iyer believes that its core mission is more relevant today than ever.

“The organization has met its moment,” he said, “where the notion of balancing technology and the environment is not just mainstream, it’s something that society expects.” Iyer, himself a pilot, started as a volunteer after seeking out an organization that combined his passions of aviation and conservation. He was fascinated particularly by the Foundation’s Air Shepherd Program, “a great application of advanced technology to a critical cause,” which utilizes drones to protect African elephants and rhinos from poaching.

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ERIK LINDBERGH LANDING IN PARIS 2002

As the 100th anniversary of Charles Lindbergh’s transatlantic flight approaches in 2027, the Lindbergh Foundation is focused on an ambitious trio of programs to “create positive transformational change in aviation, and, through aviation, in society at large,” said Iyer. Titled the 100th Anniversary Campaign, the multi-year project will seek to develop clean, quiet aircraft and technology to remove carbon dioxide from the atmosphere, tackling head-on the global threat of climate change.

The first program, the LEAF STEM Challenge, comes at the problem via our youngest thinkers. (LEAF stands for Lindbergh Electric Aircraft Flight and STEM for Science, Technology, Engineering and Math.) The innovative, hands-on program challenges kids in grades 8 through 12 to design, build and fly an electric airplane with increasing loads, along the way immersing them in authentic aerospace problems and encouraging them to pursue STEM careers. After running successfully in Seattle for the past 5 years, the program is ready to expand nationwide this year.

The Lindbergh Innovation Forum exposes aviation researchers, entrepreneurs and executives who have breakthrough technologies to a wide audience. The programs are held at aerospace conferences and airshows around the world and feature six to nine speakers along with panel sessions. “We’re exposing the public to the bleeding edge of aerospace technology,” said Lindbergh Foundation Board Chairman Erik Lindbergh. “Many of the speakers are focused on moving the needle forward around the environment. It introduces these individuals to investors and gives them content they can share.”

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Erik Lindbergh, as his name might suggest, has a deep and personal connection to the Lindbergh saga. Lindbergh, the grandson of Charles and Anne Morrow Lindbergh, has followed a path which is in many ways a continuation of the one forged by his grandparents. In 1996, Gregg Maryniak and Peter Diamandis approached him with a bold proposal. The two entrepreneurs decided that if the Orteig Prize could ignite the aviation industry, they would create a prize to do the same for spaceflight. “We were trying to get commercial spaceflight unstuck,” Maryniak said. “I’d been writing for years that space needed a Lindbergh-like event. After Peter read (Charles Lindbergh’s memoir) Spirit of St. Louis, he said that we ought to do a prize just like the Orteig Prize and we decided to start the X Prize Foundation.”

The $10 million X Prize, the largest cash prize in history, would be awarded to the first private manned space program.

LEAF STEM CHALLENGE

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Much like the Orteig Prize, the X Prize became a multi-year effort as teams struggled to push technology through previously uncrossed boundaries, causing financial stress for the organization.

Erik Lindbergh would soon follow his grandfather’s path quite literally and, in the process, help push the X Prize over the finish line. Lindbergh, a pilot and flight instructor, decided to undertake the daunting task of duplicating the 1927 transatlantic crossing himself. He believed his flight could both help the X Prize and give him a personal understanding of what his grandfather had experienced. “I was able walk in my grandfather’s footsteps,” he said, “realizing I didn’t need to fill his shoes.”

In May 2002, the 75th anniversary of his grandfather’s flight, Lindbergh flew a custom, carbon fiber, single-engine plane called the New Spirit of St. Louis from New York to Paris in just over 17 hours. The flight raised $1 million for the X Prize and helped the organization regain sound financial footing. Two years later, SpaceShipOne roared into space to take the prize, ushering in a new era of human spaceflight. SpaceShipOne now hangs wingtip to wingtip with the Spirit of St. Louis in the National Air and Space Museum and commercial spaceflight is an over $300 billion industry, with dozens of companies competing to launch humans and cargo into space.

The relationship between the X Prize and the Lindbergh Foundation has proved fruitful and cross-pollination between the two organizations continues to this day. Erik Lindbergh serves on the board of the X Prize and Gregg Maryniak is Vice Chairman of the Lindbergh Foundation.

1 0 0 TH A N N I V E R S A R Y B R O N Z E L A P E L P I N

Forever Flight, the third leg of the Lindbergh Foundation’s 100th Anniversary Campaign, is a joint venture between the two organizations and may be the most ambitious either has yet attempted. The prize-based program will seek to replicate the breakthrough innovations that resulted from the Orteig and X Prizes by offering a massive prize (the exact amount remains to be seen, but it will have lots of zeros) for technology which can capture carbon from the atmosphere and for development of zero carbon fuels, thus attacking climate change from both ends by both removing planet warming greenhouse gases and by decreasing their release.

As the Lindbergh Foundation embarks on their next audacious adventure, they hope that other, like-minded individuals will join them for the ride. “We’re trying to create a community of changemakers who share our vision of creating massive transformative change,” said Iyer. “I invite everybody to join this campaign and contribute either financially, through expertise or through your encouragement.” As a start, Lindbergh said, the Foundation will assemble “100 seed donors, people who believe that we can create a future for aviation that will lead us into a sustainable future for our kids and our children’s children for the next hundred years.” This group, modeled on Charles Lindbergh’s original backers, will be asked to donate $10,580, the cost of the Spirit of St. Louis, and will receive exclusive invitations to events leading up to the anniversary as well as a 100th Anniversary bronze lapel pin designed by famed St. Louis sculptor Don Wiegand.

To punctuate the occasion, Lindbergh is mulling once again duplicating his grandfather’s route across the Atlantic, this time taking passengers along in a clean, quiet, zero carbon aircraft. While he recognizes the challenge of planning a flight using a technology that doesn’t yet exist, he remains, in Lindbergh fashion, undaunted. “If it was easy,” he mused, “someone else would do it.”

SPIRIT OF ST.LOUIS COCKPIT

Family offices are invited to assist the Lindbergh Foundation and its programs as a volunteer, advocate or sponsor. Please visit http://lindbergh.aero/ for details.

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IN T ROD U C ING O U T E AST 2018 C ÔT ES D E PROVE NC E ROSÉ @outeastlife www.out-east.com FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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PYC Therapeutics

Leading the Precise Medicine Revolution Company highlights include: Proven RNA expertise – PYC’s Chief of R&D has co-invented two FDA approved drugs that were commercialized by Sarepta Therapeutics (Exondy51 and Vyondys53), and the company is partnered with the clinicians at the world‘s second largest inherited retinal disease registry (the Lions Eye Institute);

PYC Therapeutics is part of the ‘precision medicine’ revolution targeting rare genetic diseases.

The company combines world-class expertise in RNA drug design with propriety intracellular delivery technology to develop highly precise and safe medicines.

PYC’s research operations are based in Australia, where the company is publicly listed on the Australian Stock Exchange.

The company recently opened an office in Cambridge, Massachusetts, where the CEO and Chief Medical Officer are now based. The US expansion is part of PYC’s plan to introduce its technology to US-based investors and partners and ultimately build a global RNA therapeutics company.

For information, please contact Douglas Huey, CEO at douglas.huey@pyctx.com or visit www.pyctx.com 78

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Differentiated delivery technology – PYC can overcome the central challenge for genetic medicines – delivery into the cell. The company’s proprietary cell-penetrating peptides are both more efficient and safer than competitive approaches, allowing privileged access to drug targets; Compelling lead program – PYC’s lead asset targets a monogenic form of Retinitis Pigmentosa, an orphan eye disease representing a $1 billion per year market.

Phase 1 trials for this drug will begin next year with an accelerated path to market to meet this unmet need (no treatment options currently either in market or in clinical development). PYC has demonstrated efficacy of its drug in patient-derived models and animal models; Growth opportunities – The company has six additional earlier stage development programs in its retinal pipeline, and it is exploring opportunities for its technology in other tissues including CNS and liver.

Trusted Legal Advisor. Pepper focuses on assisting family offices in deploying and managing their investments, as well as assisting families in the creation and structuring of their family offices.

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Innovative Medicine Partners LLC Innovators in the Field of ObGyn/Infertility

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nnovative Medicine Partners (IMP) is a dynamic network of medical visionaries working in collaboration to develop novel medical procedures and devices. Our expert team possesses an unparalleled level of experience in all aspects required to bring medical devices from concept to commercialization.

The IMP team has developed state-of-the-art medical devices, within their subsidiaries InnoMed One and InnoMed Five, that support advances in standard of care procedures developed to address multiple problems within the field of infertility. This groundbreaking research will change the lives of those struggling to conceive a child.

IMP is working to secure final funding for project completion and commercialization so that global medical device manufacturers have an opportunity to acquire these devices within the next 14-16 months. These technological advances present a potential $1.5B annual revenue stream.

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For more information, call Peter Falkner, CRS at 251.680.7664 or email : pfalkner@innovativemedicinepartners.com

“Our family has never had those kinds of investment opportunities.”

Private Client Services at BDO With personal wealth, comes financial complexities. With BDO Private Client Services, comes unique opportunities. Not only do we help affluent individuals and families manage day-to-day financial activity, we advise on long-term needs such as estate income, gift taxation, and retirement and life insurance planning.

BDO also offers investment opportunities with some of the world’s most successful private equity firms.

It’s all part of the exceptional range of private client services available from one of the world’s largest and most respected accounting and advisory organizations.

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Accountants and Advisors

Scott Hendon National Private Equity Industry Group Leader 214 665 0750 / shendon@bdo.com

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Exro Technologies Inc. Optimizing Performance for Smart Energy Conversion

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xro Technologies Inc. – Optimizing Performance for Smart Energy ConversionExro Technologies Inc. (CSE: XRO) (OTCQB: EXROF) is a Canadian energy technology company dedicated to commercializing an electric power module that helps to make motor systems smarter. The company’s patented technology optimizes existing motor products by dynamically sensing and adapting variable inputs and matching them to desired outputs, thus creating measurable performance gains and an extended lifespan.

“Our novel approach is scalable to optimize the performance of electric vehicles, UAVs, pumps, grid storage, industrial motors, vacuums and all other variable torque applications that require smart energy conversion,” said Chief Executive Officer Sue Ozdemir. “We are improving the way energy is consumed and accelerating the global transition to clean energy.”

Electric motors are the single biggest consumer of electricity as they account for about two-thirds of industrial power consumption and about 45% of global power consumption, according to an analysis by the International Energy Agency.

Exro’s technology provides industries a new way to look at energy—from electric vehicles, to industrial equipment, to renewable applications like wind farms.

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The 6,500-square-foot Exro Innovation Center, scheduled to open spring of 2020 in Calgary, willtransition the current Victoria lab into one Calgary based center. The company’s new laboratory space will expand its service capabilities to customers, provide larger test capabilities, and showcase how its technology can be applied to dramatically improve the performance of electrical motors. The Center will also host collaborative events to explore global advances in energy consumption and electric motor innovations.

Three strategic partnerships to date include: anagreement with Finland’s Aurora Powertrains Oy, which in 2019 released an all-electric production snowmobile called the eSled; an agreement with Potencia in Mexico servicing the last mile vehicle segment that will integrate Exro’s customdriver and EPM module into small passenger commercial vehicles (taxis) and fleet delivery trucks; and alicensing agreement with Motorino Electric that will integrate Exro’s Electric Power Module technology into Motorino’s CTi electric bicycle.

“Our vision represents a multibillion opportunity for Exro’s energy management system solutions that is aimed at accelerating the worldwide adoption of electric and renewable power systems. The target global market size includes 63 billion bikes and scooters, 55 billion electric vehicles, and 14 billion e-recreational vehicles such as snowmobiles, boats and ATVs and we anticipate global market growth in the electronic motor sectors to continue as the demand for low-impact, zero-emission vehicles accelerates,” said Ms. Ozdemir.

For information, visit www.exro.com or email Sue Ozdemir at sozdemir@exro.com.

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Akamara Therapeutics, Inc A Private Immunotherapy Company Changing Lives

demonstrates meaningful single-agent, anti-tumor activity in multiple additional in vivo solid tumor models, including melanoma, lung and colorectal cancers.

Akamara recently conducted a successful pre-IND meeting with the U.S. Food and Drug Administration (FDA), with positive feedback supporting the company’s plans to submit an Investigational New Drug (IND) application for AT1965 in the second half of 2020 and of the clinical strategy and development approach for AT-1965. Akamara expects to initiate clinical development of AT-1965 in a clinically enriched solid tumor population by the end of 2020.

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kamara Therapeutics is a private immunotherapy company seeking to change the way people live by developing innovative B cell therapeutics.

Akamara is well positioned to capitalize on important emerging science supporting B cell activation as a therapeutic approach in human cancer. Despite positive impact on survival by approved immuno-oncology agents, many patients still do not benefit, and high unmet patient need remains.

The company’s lead program, AT-1965, is a novel small molecule B cell activating cancer immunotherapy. In preclinical models of triple negative breast cancer, AT-1965 shows compelling in vivo tumor regression and the ability to induce an immune memory response. AT-1965 also 84

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A strong management team has been directly involved in the development of nearly 10 approved pharmaceutical products for the benefit of patients and has the relevant experience to lead AT-1965 into the clinic and beyond.

Based in Cambridge, Massachusetts, the company is also supported by premier scientific advisors and backed by leading scientific entrepreneurs.

Akamara is seeking funding to advance AT-1965 through its initial solid tumor clinical trial and to support the growth of the company as a clinical-stage organization.

For more information, contact Susan Graf, CEO at sgraf@akamaratx.com or 908-672-8051.

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RELIANT IMMUNE DIAGNOSTICS

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On a Mission to Demo-cratize Healthcare

he telehealth market was already growing at mindboggling rates, and then COVID-19 happened.

According to U.S. News and World Report, telehealth claim lines increased 4,347% nationally, from 0.17% of medical claim lines in March 2019 to 7.52% in March 2020. Frost & Sullivan predicts a 5-year 38% CAGR for the U.S. telehealth market.

COIVD-19 changed everything—especially for telehealth. Overnight, as the country went on lockdown, people had to get their healthcare differently—from home on their smartphone or computer. Entire healthcare systems rapidly switched to telehealth to provide healthcare to their non-COVID-19 patients. In early March, President Trump declared that the Centers for Medicare & Medicaid Services (CMS)—will temporarily pay clinicians to provide telehealth services for beneficiaries residing across the entire country during the pandemic. Now in both houses of Congress, bipartisan bills have been proposed to extend CMS coverage of telemedicine permanently.

Not all telehealth platforms are built for comprehensive quality healthcare. Most platforms solely provide a secure video chat room for doctors and patients to discuss ailments.

Other platforms are only available for patients who have insurance and are for patients that are in-network. Most telehealth platforms are just a HIPAA compliant Zoom with no options for real-time patient testing or tracking a patient’s health data. Just like the regular doctor, you almost always need an appointment to video chat with a physician.

Aiming to bridge these existing gaps and increase access to quality healthcare, Reliant Immune Diagnostics built the MDBox platform to not only connect patients with medical providers from the comforts of their homes but also provide healthcare professionals with the ability to administer onsite screening tests for flu, strep and sore throat, pink eye, urinary tract infection, and more at healthcare centers and in-store clinics. The firm ac-

complishes this with a suite of diagnostic tests, A.I. and machine learning-driven diagnostic tools, and personal health data tracking. In contrast to many other telemedicine platforms, MDBox is a complete consumer-driven healthcare platform that enables healthcare providers to test, diagnose, and monitor the health of patients, including COVID-19 symptoms—all in one place Reliant Immune Diagnostics is on a mission to democratize healthcare.Reliant Immune Diagnostics was founded

by Dr. Henry (Hank) Legere III. He believes that everyone should have greater access to healthcare at a more affordable price utilizing technologies that we already use every day. “You would be blind if you didn’t notice the medical social economics disparities, not just globally but in our communities,” says Legere who attended Columbia University College of Physicians and Surgeons in New York City and completed an immunology fellowship at Harvard Medical School, Brigham and Women’s Hospital. Dr. Legere says it is his curiosity, entrepreneurship, and his sense of fairness that stirred him to begin his success journey of designing a complete consumer-driven health platform that can provide testing, diagnosing, and monitoring solutions.

There is absolutely no need to schedule an appointment. Patients are connected to a healthcare provider within minutes and pay a flat fee of less than $50. Therefore, the patientpays for the visit and prescription charges if needed—that’s it. There are no subsequent billings; patients are saving several hundred dollars to even a thousand dollars per visit, especially compared to an E.R. or Urgent Care visit

The MDBox telehealth app is available at no cost on Apple App Store and Google Play Store. The company is headquartered in Austin, TX. For more information, please visit www.reliantid.com or www.mdbox.com FON MAGAZINE / SUMMER ISSUE 2020 / FONMagazine.com

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