The internet and connected devices are transforming the world, mostly for the better. But for all the advantages cyberspace brings, there are also growing risks for businesses and families, all of which are relevant for family offices. We’re all vulnerable, but wealthy families are particularly attractive targets in the eyes of cybercriminals. Learn how it's possible to manage cyber risks, while taking full advantage of digital technology.
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Companies devote significant time and attention to managing underperforming employees. This often leaves top performers feeling neglected and unappreciated. In these situations, appropriate talent strategies must be utilized in order to prevent unnecessary turnover. In this webinar, we will explore best-practices involving: Motivating Top PerformersStrategic RetentionStay Interviews
The Journey of the Family Office: A Formulated Approach to Modernizing Business Processes
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Briar Hall, a longtime FOX single family office member, has embarked on a journey to review business processes for all critical functions within the office. All Briar Hall offices start with a carefully formulated approach to each function, but things change - employees change, family member needs change, and soon the process either doesn't look like it did originally or the process itself has changed or needs to change.
One of the mandates for the financial executive is to ensure effective accounting controls and efficient processes. This session brings to life how two offices moved forward in addressing risk and growth issues that required a review of internal controls and business processes. Join this session to hear the approach, process, outcomes, and changes implemented in a family office and a multi-family office. You’ll learn:
BREAKOUT C: Lessons Learned in Moving to the Cloud
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There is a lot of talk of moving to the cloud, but most FOX members have yet to make the leap. Sarah transitioned her office to the cloud last year and will share her experience, from finding the right solution, to the impact of this change on staff time and productivity to the cost of making the change.
Employers and employees have a lot to think about and keep track of when it comes to health benefits. One of the most obvious, but often troublesome issues, is telling employees just what those benefits are. Employers who provide health benefits are required by law to tell employees what the available benefits are and to do so in plain terms that are easy to understand. Enter the Summary Plan Description (SPD), which must be delivered to employees every new plan year.
The Future of Work—A Journey to 2022
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Tremendous forces are radically reshaping the world of work. Economic shifts are redistributing power, wealth, competition and opportunity around the globe. Disruptive innovations, radical thinking, new business models and resource scarcity are impacting every sector. Businesses across the world are beginning to understand that they need a clear and meaningful purpose, and mandate for the decade ahead if they are to attract and retain employees, customers and partners.
President Trump’s recently released proposed budget for Fiscal Year 2018, titled “A New Foundation for American Greatness,” has numerous points of interest for employers, including proposals to: cut the Department of Labor’s budget; slash the budget and workforce of the National Labor Relations Board; reduce the budget of the Office of Federal Contractor Compliance Program and merge it with the Equal Employment Opportunity Commission; implement mandatory E-Verify for all employers; and establish a federal paid family leave program.
A Family Office Case Study: Evolving Servicing and Structure to Meet the Needs of the Family
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As Market Street Trust Company reaches the 30-year milestone as a private trust company, Marianne Young, President, and Rachel Sherman, Vice President, Client Service, discussed the evolution of Market Street’s early leadership, governance, and services to its current form as a shared family office and private trust company. Over the course of the webinar, they shared the benefits, roadblocks and considerations involved in the formation of a private trust company as well as the continued progression of client and family office services, both in depth and complexity.
Elements of Sound Performance Management: Goal Setting, Performance Improvement and Performance Reward Systems
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Succession planning, development of the next generation, finding and keeping key staff members… all seem to be constant quests in the Family Office. In this session, we explored how to incorporate helpful goal setting principles in creating expectations for your staff and apply practical tips for providing effective performance feedback within your organization.