Family Office

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2018 FOX Foresight – What's on the Minds of FOX Members
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FOX Foresight keeps FOX members up to date on the latest thinking on matters that affect enterprise families. It summarizes what we have been learning from our members and our subject matter experts over the last year. Please share it broadly within your family, your office, and your advisors. FOX Foresight is presented in 8 chapters:

Closing In On Tax Reform: What This Means For You
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Now that The Tax Cuts and Jobs Act (the Act) has been signed into law, you may be wondering what this means for you and your family. The Act is broad in scope and will change the tax rules for individuals and businesses in 2018 and beyond. When thinking about the impact of the Act on you, your family, and your business, it’s important to remember that every individual has their own set of circumstances, and is uniquely affected by tax reform.

5 Rs to Demystify Cybersecurity
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Cyber risk has moved from the IT department to a full-fledged enterprise risk. Unfortunately, a cyberattack can hit a company at any time. There are, however, practical, actionable steps to ensure that when a cyberattack hits, your company and board will be both ready to address the threat and resilient enough to recover from it. Leveraging a flexible and uncluttered framework of readiness, resilience, resources, reporting and results—what we call “The 5 Rs”—is key.

Highlights from the 2017 Family Office Study – Benchmarking
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Demonstrating the value of a family office is no small task. The pressing priorities of an office often leave little room to fully comprehend the impact of all moving parts. The 2017 FOX Family Office Study explored several key components of family office operations such as cost, governance structure, education and client experience. Join FOX’s Director of Research, Monica Staco, who shared the perspective of 103 family office executives on the elements driving success in a family office. She also shed light on best practices to assess and demonstrate the value of a family office.

SEMINAR 5: Putting Data into Action: Analyzing Key Components Of Your Family Office
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If you’re looking for ways to compare your family office performance and demonstrate the value the office provides, this session is for you. FOX Benchmarking is designed to help participants celebrate their successes and identify changes to improve performance. Find out how data and insights from the newly released FOX Family Office Study apply to your office.

Generational Transitions Journey
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Family office executive, Jill Koosmann, with G5 family members, Katherine Hayes and Kate Tilney, will highlight how the family and office staff worked together to complete a significant generational transition. Learn how they worked together to meet the family’s current needs, while respecting the evolution of the family’s culture. By addressing questions about where they are going, what business they are in, and how to measure their success, the team learned a great deal in the process.

The Shifting Talent Paradigm: How Advisors Are Redesigning Their Talent Strategy
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FOX’s 2017 study on The Shifting Talent Paradigm: How Advisors Are Redesigning Their Talent Strategy can serve as a great resource for those seeking insights on what is changing the advisor labor market and how they can shape the best talent strategy for their firm. This report is organized into four sections:

Driving Performance in the Family Office: 3 New Approaches for the Data Driven Chief Financial Officer
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Financial reports and other real-time operational data are often lagging indicators of performance. These metrics, although perhaps lacking precision, may have been sufficiently effective in the past; however, they are less so now because they lag the current cadence of information dissemination and business volatility today. The challenge for many finance functions is to try to keep pace with all the modern sources of insight and analysis that internal and external stakeholders are receiving.

The GDPR and The Bottom Line
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For American companies who do business in Europe or who process the personal data of EU residents, the world of data privacy and security is about to get much more complicated. While U.S. privacy law is unsettled, with rapidly proliferating state and federal laws and regulations and uncertainty as to how strictly they will be enforced, the rules in the European Union are tough and about to get much tougher.