Many family offices are in a period of change. New family offices continue to emerge; established family offices are shifting strategies and service models. Macroeconomic factors and the perpetually pending market downturn loom over daily operations. In a volatile environment, management liability insurance, such as Professional Liability (E&O), Directors and Officers Liability (D&O), Crime, and Cyber Liability have more value in perpetuating family legacy than in years past.In this webinar, we explored:
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One of – if not THE – most essential skills necessary in our profession is the ability to influence the outcome of our interactions with clients and colleagues. Ultimately, we need to be aware of the human element of business if we want to achieve our intended results. In this session, we explored how to navigate difficult conversations – whether giving feedback, making an important request, or giving bad news to a client – by focusing on the emotional variables at play.Learning Objectives:
The software selection process can be overwhelming and time-consuming. What are the options, what functionality do they offer, and how much do they cost? This webinar will help you navigate the different stages of software selection, how to take a real and impartial look at your options, and set the right expectations about the future landscape of life with the “perfect” software solution.
How far can markets go from here? In this mid-summer webinar, Deepak Puri, Managing Director and Chief Investment Officer for Deutsche Bank Wealth Management in the Americas, looked at how market gains can coexist with an outlook of slowing economic expansion and easing earnings growth, and whether the promise of continued accommodative monetary policy can remain credible.We also examined:
As families and business grow and become more complex, family governance structures are created to ensure the success of the family enterprise and the preservation of the family and its legacy. But, how do you ensure the success of your governance plan? From practical aspects like running effective meetings to keeping the family engaged while they pursue their lives and dreams elsewhere, this webinar explored the essential components of effective governance, such as:
Every family office has a long list of labor-intensive, repetitive activities that require data processing across multiple applications and currently consume precious staff hours. What if there were another way? In this session you will learn about new developments in Robotics Process Automation (RPA) and Intelligent Process Automation (IPA) and the possibilities they offer for your family office.
There are a myriad of cybersecurity issues facing families and family offices in today’s complex private wealth environment. While some of the challenges may seem unavoidable, families may unintentionally put themselves at risk because the complexity of family office activities and the potential impact of external factors aren’t proactively identified and addressed. One solution is to conduct a full diagnostic risk assessment and review of your internal controls to ensure that potential problems have been identified and proper mitigation strategies have been implemented.
How do you prepare next generation teens, and young adults to be responsible wealth owners? What meaningful activities can you organize to provide the training they need for their future roles as family leaders on the family council or governing board? A well planned education and communication plan for the rising generation can dramatically boost a family’s chances for producing responsible wealth owners.
Are you considering a profits interest structure? Have you had one for a while and wonder how others manage theirs? Many families have spent time in the last year working with their accounting and legal teams to evaluate their current structure and weigh the pros and cons of moving to a profits interest. This session provides an opportunity for those of you who either have a profits interest structure or are considering one to share your experiences and pose questions to your peers in similar circumstances and technical experts to leverage the wisdom and experience of the group.