Family Offices Industry News

New Multi Family Office Establishes Name in Israeli Finance World

By Kathleen Leahy

New Multi Family Office Establishes Name in Israeli Finance WorldMulti-family office and wealth management firm Lucid Investments ( has established itself as the newest player in Israel's booming finance industry. Lucid was founded by Karen Schwok, a highly regarded management professional in Israel who has won numerous awards for her accomplishments. The firm seeks to assist high-tech entrepreneurs, families and trustees in developing strategies for long-term investment success and asset management within a dynamic economy.

Previously, Karen Schwok established and served for six years as CEO of Pictet Wealth Management Israel, a subsidiary of Pictet & Cie SA, the third largest bank in Switzerland. Schwok helped lay the groundwork for the bank's expansion into Israel. Prior to that, she established the first institutional desk in Israel at Bank Leumi, the second largest bank in Israel.

Traditional international banking services are not ideal for leading high-tech entrepreneurs and startups; these young visionaries dedicate all their time and energy to pursuing their products and services, leaving them little time for fund management. As a firm, Lucid Investments brings 15 years of experience with entrepreneurial clients and understands what these clients expect from their family office team, and is capable of exceeding those expectations.

Another factor leading to increased demand for the kind of services offered by Lucid is the immigration of Jewish people back to Israel. A flexible tax regime encouraged over 30,000 new immigrants to settle in 2016, a 12-year high. These immigrants have complex asset management needs, and they naturally expect knowledgeable and professional help in achieving their financial goals. Lucid Investments sees itself as a partner in the process of choosing and implementing a comprehensive investment and asset management strategy.

Israel's continuous economic growth is mainly thanks to the rapid influx of wealth in the high-tech sector, which have led many to call it the "startup nation." In keeping with that name, Israel hosts the DLD Tel Aviv Innovation Festival, an internationally known gathering of corporations, venture capitalists and intriguing startups, from September 4-7.

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by Kathleen Leahy

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