Risk Management
Overview
By identifying and addressing potential risks, family offices and enterprise families can proactively mitigate potential threats, protect their assets, and minimize the likelihood and impact of negative events. With insights and sound advice from the FOX community, discover the best practices for risk management and build resiliency into your enterprise—ultimately enhancing operational efficiencies, enabling better decision-making, and ensuring long-term sustainability.
Curated Resources and Best Practices
For members of the FOX community, the curated resources here are part of the Risk Management Toolkit—which includes a brief overview and access link for each listed resource—that can be downloaded for future reference and further review with your family members and trusted advisors.
Crisis Management
- Global Risk Landscape 2024: Antifragility—Risk as a Driver for Success
- FOX Foresight 2021: Resiliency in Times of Uncertainty
- Family Office Crisis Response and Recovery (webcast)
Insurance Planning and Coverage
- The Wealth Report: Closing the Protection Gap in a Time of Increasing Risk
- Offering the Family World-Class Coverage via an Insurance Captive (podcast)
- The Definitive Guide to Captive Insurance
- Real Estate Manager's Survival Guide in a Hard Insurance Market
- Protecting Wealth in Turbulent Times: Risk Management Strategies for Affluent Families
- Up in the Air: Keeping Aflfuent Travelers Safe in an Unpredictable World
- Best-In-Class Insurance Advisors: A Checklist
- Should Your Family Office Consider a Group Excess Program?
- Insurance Program Evaluation and Request for Proposal (RFP) Process
- Liability Insurance: Protect Yourself Against Hidden Exposures (article and podcasts)
- Insurance Risk Management Road Map for Families of Wealth
- Life Stage Milestones: Personal Risk Management Considerations
Cybersecurity and Digital Privacy
- Cybercriminals Are Using AI to Target Your Finances
- 2024 Cybsecurity Trends, Updates, & Regulations
- 2024 State of Cyber Report
- Cybersecurity Resource Guide
- Cyber Resilience: Twelve Key Controls to Strengthen Your Security
- 10 Cyber Security Practices to Protect Your Business
- Control AI Cybersecurity Risks
- Cybersecurity: A Self-Defense Guide
- Cybersecurity: Action Items for Every Family Office
- Guide to Ransomware Prevention: Cybersecurity Leading Practices
- Avoid Becoming a Victim of Ransomware Attacks
- Cyber Attacks on Private Wealth Clients and Family Offices and Steps for Mitigating Your Risks (webcast)
- Cybersafe Solutions: Fundamentals Checklist
- Considerations for Everyday Situations: Checklist of Cybersecurity Best Practices
- 5 Tips to Protect Against ID Theft
Data Security
Personal and Physical Security
Risk Assessment and Preparedness
- Global Risks Report 2025
- Political Risk Report 2025
- Risk Outlook 2025: Private Client
- The 2024 Wealth Report: Cultivating Resilience in a Changing Landscape
- The People Risk Report 2024
- Protecting the Security of All Forms of Family Capital (podcast)
- Your Guidebook to System and Organization Controls (SOC)
- The Segregation of Duties in Critical Business Application and Processes
- The Evolving Risk Landscape: Discovering New Ways for Organizations to Assess and Manage Risk
- Family Office Management Liability Issues to Consider
- Natural Disaster Checklists and Preparation
Risk Mitigation Strategies
- Climate Disclosures Playbook
- Anti-Fraud Playbook: The Best Defense is a Good Offense
- Navigating the Black Swan
- Family Wealth Security Risks: Solutions for Families, Family Offices, and Family Enterprises
Social Media Risk
Regulatory Compliance
- Breaking Down the Decision to Declare the Corporate Transparency Act Unconstitutional (podcast)
- It's Here, Now What? Corporate Transparency Act Updates (webcast)
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
Risk Management Planning Tools and Templates
- FOX Member Templates are provided as tools that can serve as a guide and help meet your risk management needs, including establishing a cybersecurity family policy and an IT disaster recovery planning checklist.
- See also the personal security and safety and the travel policy, security, and guidelines for additional planning tools that can help with establishing smart, safety measures and policies. As for evaluating your insurance providers and services, see the insurance planning and coverage templates for the key questions to ask.
- FOX Consulting is available for families seeking tailored advice and solutions to meet their unique needs.
For more expert insights and guidance on other topics of interest, explore the full collection of Resource Toolkits.