Family Office

We are in a period of extraordinary wealth creation and accumulation that is driving the need for more family offices and expanding the breadth and depth of services that support the important work and collective well-being of the family. It's about the sustainability of the family office and preparing it for the long run. With the future of the family office in mind, see how you can build a best practice family office and evaluate your current office operations. 

Curated Resources and Best Practices for Your Family Office

Beginning with a top FOX thought leadership, look to and learn from the classic FOX Guide to the Professional Family Office that opens the door to the inner workings of today's family office and the challenges facing families who want to manage their wealth collectively for the long-term. From there, explore the different types of family offices that are available and why the cost of complexity matters. Along with your peers, discover how family offices are creating road maps and goals around people, process, technology, and data to reach operational success. 

For members of the FOX community, the curated resources here are part of the Family Office Toolkit—which includes a brief overview and access link for each listed resource—that can be downloaded as a planning material for further review and discussions with your team and the families you serve. For tailored advice and solutions, contact the FOX Consulting team who has helped dozens of families start a family office using its Family Office Blueprint™ process.

Family Office Best Practices

• FOX Guide to the Professional Family Office 
• 2024 FOX Foresight: Future of the Family Office
• The Family Office Source Book 
• Family Office Answer Book: The Next Chapter for Family Office Professionals 
• Does My Family Need a Family Office 
• Why the Modern Family Office Matters 
• Keys to an Effective Family Office Governance Framework
• The Family Office Journey Toward Operational Excellence 
• Utilizing Operational Liftouts to Build an Agile Family Office (podcast)
• Family Office Location Guide 

Types of Family Office

• Establishing a Hybrid Family Office to Serve a Multigenerational Family (podcast) 
• Maximizing the Strategic Impact of Your Single-Family Office (forum session replay)
• Boundaries That Matter: Managing Family Assets Outside the Family Business 
• Do I Need a Multi-Family Office (podcast) 
• Why is the Family Office Model Becoming More Prevalent (podcast) 

Roles, Goals, and Metrics 

• The Family Office Industry Supports the Evolving Family Enterprise 
• Is Your Family Office Reaching Its Full Potential? 

Complexity and Costs 

• Strategic Approach to Managing Family Office Complexity (forum session replay) 
• The Cost of Complexity: Why Does it Matter? 

Family Office Design  

• An Introduction to Family Offices 
• Charting the Family's Course to Creating a Family Office
• The Family Office—Why Have One? (podcast) 
• Key Considerations When Creating a Family Office 
• Building a Successful Family Office: Top 10 Questions to Answer 
• Building a Family Office with Outcomes in Mind 
• When Family Office Meets Family Business: Best Practices and Top Trends 
• Breaking Away: Separating Family Wealth Management from the Business 

Family Office as Risk Manager 

• How Family Office Internal Controls Safeguard Assets and Mitigate Risks
• Cyber Attacks on Private Wealth Clients and Family Offices and Steps for Mitigating Your Risks (webcast) 
• Managing Risks for the Family Office 
• Family Office Risks: Managing the Impact of Change 
• Top 10 Internal Controls to Mitigate Cybersecurity in the Family Office 
• Surveying the Risk and Threat Landscape to Family Offices: Insights and Recommendations 
• Demystifying Risk Management for Family Offices 

Family Office Services  

• Starting a Family Office Direct Investment Function 
• Investment Resourcing a Family Office 

Outsourcing vs. Insourcing 

• Managing Outsourced Services for Family Offices (forum session replay) 
• The Great Advantage: Outsourcing 
• Sharing a Family Office Advisory Relationship?  

Regulatory Requirements 

• Exploring the Family Office Regulatory Landscape (forum session replay) 
• A Conversation with SEC Commissioner Hester M. Peirce (forum session replay) 

Virtual Family Offices 

• Integrating Fiduciary and Family Office Structures with a Virtual Family Office 
• Virtual Family Offices: Six Tips for Success
• Tips for Working Remotely (podcast) 

Family Office Benchmarks 

• Insights from 2024 FOX Family Office Compensation and Benefits Survey (webcast) 
• The 2023 Global Family Office Compensation Benchmarking Report  
• 2023 FOX Family Office Benchmarking and Complexity Study 
• 3 Keys to Creating a Sustainable Office
• Family Office Trends and Solutions – with Case Studies (webcast) 

Profits Interests and Management Companies 

• The Lender Bagel Structure: Can You Harvest the Tax Savings? 
• Evolution of the Lender Structure: Deduction of Investment Management Fees 
• FOX Hot Topic Webcast: Profits Interest Structure (webcast) 
• Family Office Structure: Lender Decision

Family Office Tools, Templates, and Consulting 

• FOX Member Templates, which include sample service agreements and other tools that provide guidance toward meeting your family office needs. For the sample family office job descriptions, check out the Human Capital Templates. 
   
• FOX Consulting is available for families seeking tailored advice and solutions for their family office needs and goals. 

For more expert insights and guidance on other topics of interest, explore the full collection of Resource Toolkits.