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.
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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.
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.
Track 2 - THE RISING GENERATION - Social Media…How Do You Protect Yourself and Your Family?
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More than 58 million Americans use social networking sites several times per day. Social media has created a new sense of reality—a reality that its benefits have outweighed the risks. Liability risks involved with the use of social media include defamation, invasion of privacy and negligence. This session provides awareness into the risks as well as the solutions to minimize the evolving dangers of social media.
This session is a review of the latest trends in cybercrime and why it’s growing exponentially. There is big money in hacking secure financial information, no matter the size of the business and for these criminals, the opportunities are limitless.In this session, practical steps were provided that will help secure and monitor business networks, in addition to lesser-known steps that can be taken now to protect individuals and their businesses against these endless threats.
Track 6 - DEVELOPING PROFESSIONALS - Implementing an Agile Vertical Leadership Framework
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Our world is becoming more complex and interdependent. Business cycles, planning horizons, and even generations are all getting shorter in a world where everything affects everything. To be a leader today requires the agility to develop how you think, not just increasing what you know. This concept is known as vertical leadership, the number one trend in leadership development today. This track provides the necessary tools to become more agile leaders and the practices needed to develop these key agilities in their lives.
With the aging of the Boomer generation comes the challenge of eldercare and its ultimate impact on families and designated caregivers. Often those caregivers are a part of the Sandwich Generation—a generation of people, typically in their 30s to 50s, responsible for both bringing up their own children and caring for their aging parents. Margalit Tocher and Andrea Hasten trace the challenges and obstacles of the aging generation and provide strategies and guidance for caregiver families.
Distributions have many implications for the Private Family Trust Company (PFTC). The responsibilities of the PFTC in preserving the corpus and being true to the role of the trustee must also align with the changing needs of the family. This peer dialogue centers on a case study examining the art and complexity of family distributions and provide tools, strategies, lessons learned and insight into preparing for the intricacies inherent in distributions.