Examining the impact of their behavior on the family client gives family office professionals insight into how to enhance their relationship with the family; it also highlights some of the ways in which their behavior may lead to unintended consequences.
Family Office Best Practices
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Regulatory Changes and Their Impact on Long-Term Planning for the Family and the Family Office
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Two leading tax and legal advisors provide a global perspective on pending changes in regulation in many countries. They identify strategies for consideration based on alternative scenarios that may occur across jurisdictions and the impact this has on planning for the financial family and the private family enterprise. This presentation was originally given at the 2010 FOX Global Family Forum.
The Impact of 2a-7 Changes on Money Markets
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Due to new money market regulations and other structural changes in the cash markets, institutional and retail investors are reviewing their short-term investment options and liquidity needs. This paper provides an overview of money market funds, the recent changes in 2a-7 money market regulations, and our view of the impact on money markets.
Before You Hire: Legal Basics and Private Staffing
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Families who employ private staff are wise to conduct periodic audits and adjustments of their hiring processes, says a new paper from Mahler Private Staffing. A close examination of hiring protocols may reveal gaps that should be closed to protect employers and employees as well as to optimize the search process.
Keeping Up with Investment Management Issues
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The Wall Street Reform and Consumer Protection Act, signed by President Obama, includes a number of provisions that will have a significant impact on domestic and non-U.S. fund managers and investment advisers.
Ensuring Personal Security in a New Decade
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In an age of increased travel, easy access to information and global economic instability, personal security is a major concern for all wealth-owning families. In this 2010 FOX Financial Executives Forum presentation, a family office executive shares her experience in coordinating a security audit with a professional risk consultant to determine areas of family vulnerability, outline potential risk mitigation strategies and establish a process for evaluating potential security threats on an ongoing basis.
Best Practice Reporting
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Family office executives are always looking for ways to improve their financial reporting packages and their client relationships. In response to member requests, FOX organized a Best Practice Reporting Workshop in April 2010. Twenty members of FOX’s Financial Executives Network gathered in Chicago to learn about how one’s learning style impacts the creation and delivery of financial information and to develop a “best in class” reporting package.
The New Family Website: Communication Without Worry
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A growing number of families use social networking sites to stay connected and share personal and business information. For ultra-wealthy families, however, the risks involved with public websites can be significant. In this 2010 FOX Financial Executives Forum session, Mr. Thijssen reviews how advancements in technology make the creation of a family website easier and provide greater security and confidentiality for data sharing.
Income Tax Rates to Soar by 2013
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After 17 years of declining or fairly constant tax rates, investors face a changing environment of much higher tax rates on investment income starting in 2013. This brief from BNY Mellon Wealth Management details the coming changes in taxation and offers strategies for greater tax efficiency for business owners, investors and corporate executives.
Best Practices in Reporting
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Family office executives are always looking for ways to improve their financial reporting packages and their client relationships. This best practices document reflects the work of 20 members of the FOX Financial Executive Council™ who gathered to learn about how one’s learning style impacts the creation and delivery of financial information and to develop a "best in class" reporting package. This comprehensive document includes a client meeting checklist as well as exemplary quarterly, annual, and supplemental reports that can serve as models for other family offices.