The nature and variety of investment alternatives, ever-changing tax laws and rigorous regulatory constraints make the work of managing multigenerational wealth more complex than ever. The common use of the term “wealth advisor” makes it difficult to distinguish between product providers and independent advisors who are paid to look out for the owners’ best interests.
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The process of identifying the right technology solution for your family office can be tough, especially if you don't know where to begin. This complementary whitepaper details the steps you'll need to take.This whitepaper includes:A breakdown of the key business objectives and goals associated with family office technology and softwareA sample family office systems architectureA look at a new approach to technology costs
Financial reports provide family members with a consolidated picture of their wealth holdings, allowing them to make fully informed decisions about their future. However, creating meaningful reports that advance, rather than distract from family members’ long-term goals is extremely challenging. The goal of this white paper is to spark new thinking about the ways that you deliver financial information to your clients.
The shift to a full cloud-based model for infrastructure and application delivery is here for family offices, if they choose to use it. Over the next five years in the wealth management space in total, there will be hybrid and convergence solutions (such as co-source) to provide a transition from ‘onpremise’ to the cloud, especially as legacy vendors try to extend the life of their aging applications. But, ultimately, there will be little on-premise IT left.
The study explores several components instrumental to the operations of a family office such as cost of services, governance structure, strategy and risk management and education. The report is designed to help family office executives and board members evaluate the office’s performance relative to 103 family office peers.First launched in 1991, the FOX Family Office Study is the longest running study of its kind and the only one that provides participants with a comprehensive report designed to articulate the value of the office.
FOX’s study on The Shifting Talent Paradigm: How Advisors Are Redesigning Their Talent Strategy can serve as a great resource for those seeking insights on what is changing the advisor labor market and how they can shape the best talent strategy for their firm. The full version of this report covers:
Disruptions in the Investment Industry, a chapter from the 2018 members-only publication FOX Foresight, discusses how families are materially modifying their investment strategies and portfolios amidst the current uncertainty across the investment landscape. It summarizes what we have been learning from the FOX community and our subject matter experts over the last year. Please share it broadly within your family, your office, and your advisors.
Trends Impactive Families, a chapter from the 2018 members-only publication FOX Foresight, identifies the three main forces—distrust in all major institutions by individuals, the rapid pace of innovation, and people everywhere living longer—that are influencing wealth management and affecting enterprising families. It summarizes learning by FOX subject-matter experts over the last year.
The FOX Global Investment Survey is designed to aid wealth owners and family office executives in their review of the family's allocation decisions and investment performance each year. This report highlights critical areas as to how families structure their investment decision-making, allocate across their portfolios, staff their investment teams, and in-source vs. outsource investment advice, all relative to 109 family office peers.
FOX has been tracking family office interest in direct investing for the past decade, and our recent Family Office Study confirms that FOX families remain focused on this opportunity and are increasingly active. The opportunity to invest in privately-owned family businesses has clearly captured the attention of many families, and the growing influence of direct investing families is evident across the private equity landscape.