Family businesses thrive when collaborative learning and stakeholder engagement remain high. In this environment, resilience increases enabling all levels of the organization to assess threats and respond effectively to crises. Effective decision-making (growing assets, good outcomes) also develops in this setting, facilitating the development of a new generation of leaders ready for the demands of an ever changing business environment. Flourishing businesses, of course are challenged by changes in the external marketplace and competitive challenges.
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It is widely accepted that asset allocation is the most important investment decision for a portfolio yet, in recent years, many Chief Investment Officers at large institutions are questioning the mainstream asset allocation frameworks. These CIOs recognize that investment portfolios today face an elevated risk of bad investment outcomes, but existing frameworks may not be helpful to avoid big losses without lowering expected portfolio returns.
Real estate investing always involves the underwriting, pricing, and management of a number of risks. Many of these are local and asset-specific. But understanding the impact of macroeconomic, capital market, and demographic risks are also critical to successful property investment. There are times when economic and capital market trends seem relatively benign if not predictable. This is not one of those times.
This session will discuss one family office executive's experience running a significant trading portfolio targeting a double-digit return with minimal drawdown. The speaker will share some surprising observations as to what market opportunities family offices should be pursuing, and how they can best exploit their distinct “edge” in the pursuit of returns.
The session will present the investment and allocation practices from institutional investors but incorporate the critical element of tax management in seeking an optimal after-tax asset allocation. The session will analyze the approach used by the Yale Endowment through the lens of a taxable investor.
Investors have been moving significant capital out of active long-only strategies, driven by the relatively low number that outperform the passive benchmark over time, especially relative to their fees.
This webinar discussed how high net worth families and their respective offices, as well as family-owned and operated businesses, are facing increasingly complex security risks in both the physical and cyber domains.
This webinar analyzed the meaning and understanding of “situs” as it relates to Private Family Trust Companies, and focused specifically on the concepts of trust company situs, trust situs, and tax situs. Many people, in and out of the trust industry, utilize the term “situs” without a clear understanding of its many meanings. The speaker evaluated situs in terms of three relatively easy to understand precepts: trust company situs, trust situs, and tax situs with a focus on what to do “in” and “out” of a particular to state.
Inadequately checking the background of a prospective family office employee or performing an improper background check can be hazardous for a family office, resulting in claims of negligent hiring, reckless endangerment, and possible scrutiny from the EEOC, OFCCP, and the courts.
What do families tend to underestimate or overlook in the due diligence process? A single misstep in understanding the market the target business operates in, evaluating the sustainability of product line and customer level profitability, or assessing and motivating the management team, can wipe out a generation of wealth and reputation. Jason Abbott and Bill Clogg from FTI Consulting’s Transaction Services practice led a discussion on the most critical commercial, operational and financial due diligence steps involved in acquiring a business or property.