Family Office

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Building a Family Office With Outcomes In Mind
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A common question that a family often asks prior to building a family office is “What is a family office anyway and does my family actually need one?” The answer depends on the family’s goals, as well as understanding the four different types of family offices that are commonly used: (1) single family office, (2) family business office, (3) family virtual office, and (4) multi-family office.

Innovations in Financial Services: A Look at the Future
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Consistent with the World Economic Forum’s mission of applying a multi-stakeholder approach to address issues of global impact, The Future of Financial Services Report completed in June 2015 provides insight into how disruptive innovations are reshaping the way financial services are structured, provisioned and consumed. Michael Drexler and Jesse McWaters will share insight into the transformative potential of new entrants and innovations on business models in financial services.

Technological Innovation in the Family Office: Where are the Opportunities?
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Researchers have determined a link between technology innovation and economic prosperity as well as a unique relationship between the usage of internet-based technologies, different types of innovation, and performance at the firm level. As internet-based technologies continue to be an enabler of innovation, it is critical that families, family offices, and the advisory firms serving them stay abreast of the types and caliber of technological innovation that is available.

Aligning Culture: Making Culture Personal
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As research continues to validate the need for cultural alignment within families as well as between families and the advisors who serve them, there is continued need for effective assessments that measure culture and clear approaches to manage sustainable change.

Cybersecurity is Like a Sponge: 5 Ways to Contain Your Data
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It’s tempting to imagine the computer systems as airtight vaults, impenetrable and immune to cyberattacks. But this would be a risky move. In reality, IT infrastructure is more like a porous sponge with gaping holes where data can leak when things don’t go according to plan: a staff member might lose a laptop, a system might experience a configuration error, or sensitive information might accidentally be published online.

Addressing the Top 10 Compliance Issues Facing Employers in 2016
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Compliance with employment law is increasingly complex and the issues are ever-expanding. It may seem as though three new regulations surface for every one that you’ve tackled. While no one has a compliance crystal ball, the Society for Human Resource Management has identified a top 10 list of Employer compliance issues for 2016. In this session we discussed the issues on this list and give you strategies to handle them effectively.

Family Office Management Liability Issues to Consider
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Successful family offices combine financial, philanthropic, legal, and administrative operations and help ensure that family objectives are achieved from generation to generation. These responsibilities create a range of liability risks for the family office entity and its executive and professional staff. With these risks, it is important for family offices to be aware of management liability red flags and take protective measures to prepare for potential claims.

The Missing Link for Family Offices
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Families can face a deluge of competing challenges when managing their wealth which is why successful families rely on an ‘expert generalist’ to safeguard their interests. Ultra-high net worth (UHNW) families often, despite their good fortune and abundance of resources, struggle with a myriad of challenges associated with wealth management. This article outlines why the role of a family office "quarterback" is vital to families, what to look for in an ideal candidate, and where to look.

Financial Firms Face Further Scrutiny OF Their Cybersecurity Practices — Is Your Firm Ready?
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On September 15, 2015, the SEC issued a new Risk Alert on cybersecurity that registered Broker-dealers and Investment Advisors need to review closely. This latest alert by the SEC's Office of Compliance Inspections and Examinations (OCIE) follows an announcement in April 2014 that it would examine the securities industry to identify cybersecurity risks and assess preparedness of Advisors and Broker-dealers. The initial findings from these exams were published in February 2015.