Value, Equity, Sustainability: Single Family Office Cost Allocation, Pricing, and Communication Practices

Family wealth executives often struggle with determining how to allocate fairly the collective expenses of managing shared family wealth. Drawing on 2008 FOX research, this 2009 FOX Fall Forum presentation examines pricing methodologies and practices used by both single and multi-family offices, with an emphasis on innovative strategies and a comparison of the most typical models. The presentation features:

• Trends and events affecting costs and allocation
• Typical sources of funding for family offices
• Common cost allocation and pricing models
• Complexity measures to take into account when structuring pricing
• Current data on internal costs, total office costs, and time and task allocation
• Communication best practices for talking about pricing with family clients