Join FOX and our partner Grant Thornton as we explore the findings from our research on the current state of compensation and benefits in the family office space. This year’s surveys focused on Board, Trustee and Committee compensation, in addition to benefits and compensation offered to family office staff. We will explore themes and insights within our data, and how you can use this information to navigate the current talent marketplace. By the end of this webcast, attendees will be able to:
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The use of a specific ownership structure to provide for the deduction of investment management fees has evolved since 1941 to most recently in 2018 when guidance was provided by the U.S. Tax Court in determining whether the activities of a family investment management company constitute a trade or business. With a review of the details of that evolution, guidance is provided on implementing a Lender-Type structure through the use of a Private Trust Company.
Many newly wealthy families can credit their expanded fortunes to a major liquidity event, most frequently the sale of a business. For many in this group, recently acquired wealth creates a host of new and, sometimes unexpected, challenges. While the challenges will vary from family to family, the members of this group share some common needs. In this piece, we look at what those needs are and how they might be addressed when creating a comprehensive financial plan.
When a strategic plan is developed with the family's values and mission in mind, they can serve as a family-endorsed roadmap for family offices. Join this session to hear about FOX's own work with developing a vision and mission statement, and from a seasoned family governance expert who has worked with families and family offices to create proven strategic plans that are driven by the core values and mission of the family itself.
As Family Offices evolve and become more complex, attracting the right talent to deliver and manage services requires compensation that is competitive with other professional firms. Join this session to discover how family offices can create a compensation program that attracts unrivaled talent to serve the family.Eric Gonzaga, Principal, Human Capital Services, Grant ThorntonKen Cameron, Director, Human Capital Services, Grant ThorntonModerated by Peter Leo, Director, Human Capital, FOX
Many family offices choose to outsource services for a variety of reasons including their inability to hire in-house staff for all areas of service. This session will feature panelists with family office outsourcing experience in functions like tax compliance, payroll, human resources, bill pay, and more.Scott Metsch, Pulver Metsch, LLCAmjed Saffarini, CEO, MaestroModerated by Peter Moustakerski, CEO, FOX
It’s no secret the UHNW world is facing a myriad of talent challenges, from increased outsourcing to designing competitive incentive and compensation programs, to convincing the family that the office needs more staff. Join a panel of trusted family office advisors with deep family office HR experience as they address these often-nuanced situations.
Get up to speed on the latest results from FOX’s compensation and benefit survey. Glen W. Johnson, President of Membership, FOXHilary Leav, Director, Insights & Research, FOX
The family office talent landscape is more competitive than ever before. Hear from a family office HR expert on how you can employ proven processes to engage and retain. We discussed the importance of the employee experience including flexibility, how roles are constructed, and how you can tailor it to meet your workforce needs. They also discussed competitive total rewards and how leadership has to adapt to be effective in the current talent environment. Additional learning resources will also be provided.
Real estate as an asset class requires constant attention to ever-changing variables. Implementing a defined, analytical, yet flexible asset management process within your family office’s direct investment function is critical to ensure your portfolio is positioned to meet intended goals.