Family Office Best Practices

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The Cost of Complexity: Why Does It Matter?
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Private trust companies; profits interest structures; direct investments. The world of family wealth management is getting more complex all the time. As families and their office management teams evolve and learn best practices, there is a natural tendency to add more complexity to their structure and operations. Recently, we’ve seen this movement exhibit itself in several ways. Click here if you would like to participate in the survey.

Inside Scoop: D&O Insurance Tips and Trends
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In this episode, two industry experts share their thoughts and practical guidance on directors and officers insurance (D&O), covering the fundamentals of the protections that A-B-C D&O insurance coverage provides and the three topics that D&O insurers are focused on right now: event-driven litigation such as cyber breaches; board diversity, and shareholder activism around ESG. They also explain how you can be better equipped to negotiate your insurance coverage, especially during the renewal process.

The Happy Middle - A Hybrid Work Environment
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In the last year, workers around the globe have experienced remote work, not by choice, but by necessity. Not surprisingly, many have found it a positive experience and hope they can continue working remotely even after the pandemic is over. Others miss the office and can’t wait to get back. No one size fits all. Now that the pandemic is coming to an end, organizations have an important decision to make. Stick with remote working, return to the office or something in the middle.

Family Office Regulatory Update
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Regulatory change is in the air. With the Corporate Transparency Act, post Archegos crackdown, and a congressional focus on tax revenues, family offices are in the center of critical regulatory conversations. What are the implications to existing and future family structures, privacy, and reporting? What is being done in Washington DC to bring an industry voice and balanced perspective? FOX brings together a panel of experts to explore the implications and potential scenarios for family office executives and key advisors to consider in their planning.

FOX Complexity Study: Results and Interpretation
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FOX recently completed a new study on Complexity and Value. The study centers on the complexity that is reflected in a family’s size, structure and planning, and how that in-turn drives complexity and cost in the office. The study also reveals how the office provides value to the family in managing inherent complexity, mitigating risks, and leveraging opportunities. Attendees got the chance to review and discuss the findings, learned how to interpret their own office results, and explored how to use the study for the benefit of the family and the office.

Key Considerations When Creating a Family Office
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A family office is more than a cost-effective solution to managing great wealth. When done properly, it provides customized services and support that fosters a shared experience of wealth stewardship. Establishing a family office should be approached the same way as creating any other successful business: start with a good plan.

Do I Need a Multi-Family Office?
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Ever wonder if a multi-family office is right for you? In this podcast episode, Tolleson Wealth Management's President Richard Joyner answers that question. He also shares the trends he sees in the family office space.

How to Prioritize Diversity in Your Organization
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Hear what fellow FOX members are doing to make diversity a priority in their firm. No matter what size budget, attendees will walk away with concrete examples of how to implement and execute impactful diversity initiatives.Kelly Lora Ewart, Vice President of Strategic Relationships, PURE InsuranceLucy K. Park, Partner, Perkins CoieHaley M. Rives, CFA, Director, Asset Consulting GroupModerated by Carin Ojala, Director of Recruiting + Professional Development, Warner Norcross + Judd LLP