Evolving Client Needs and Expectations Are Changing the Role of the Family Office
Overview
How are you managing changes in your family? How about the changes coming down the road? We shared examples of how the shift in family priorities and the influence of the rising generations are driving the family office evolution.
Moderator: Glen W. Johnson, Chief Operating Officer, Family Office Exchange
Mindy Kalinowski Earley, CMP, CFBA, Chief Learning Officer, Family Office Exchange
Gaby Griffin, Market Leader, Business Owners and Family Executives, Family Office Exchange
Insights and Key Takeaways
In our fast paced world, we see how client needs and expectations are changing the role of the family office. Here, Mindy Earley (Chief Learning Officer at FOX), and Gaby Griffin (Market Leader, Business Owners and Family Executives at FOX), share how the family office can meet these evolving client needs.
Griffin explains that along with changing roles inside the family office, is the growing complexity and risk profile of the family office. Rather than then the tax and accounting background of executives in the traditional family office, we are now seeing a deeper legal or corporate background. Family offices are also showing newer roles, such as a Relationship Manager (RM), who works together with both internal and external members of the office to serve the family.