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Protectors Should Be Wary of Conflicts of Interest
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In the latest issue of Private Banking Newsletter, Baker & McKenzie examines the case of Centre Trustees (CI) Ltd & Another v Van Rooyen & Others, in which the Royal Court of Jersey endorsed the removal of the protector who had put himself in a position where his own interests were in serious conflict with the interests of the trust beneficiaries.

An Overview of External Succession Planning for the Registered Investment Advisor
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While it is always a good practice to be prepared for possible future transitions, the current economic climate makes succession planning imperative. A well designed succession plan will help protect client relationships, ensure business continuity, promote economies of scale and provide procedures for dealing with the eventual retirement of advisory firm founders.

Restoring Balance to GP/LP Relationships
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While it is critical to reward good performance by general partners, risks and returns should be equitably shared. Non-marketable alternative asset investors should hold frank discussions with general partners about fee arrangements, fund sizes and other activities that may dilute a proper alignment of incentives.

Conflicts of Interest in Private Banking
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The crisis of confidence in private banking has some obvious causes. It also has one not so obvious remedy: change the ownership structure. This remedy, however, requires a high level of involvement in all aspects of the business. For those families willing to make the commitment, Mutual Private Bank says, the only confidence that matters may be in their own choices.

Redefining Ways to Deliver Trusted Advice
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This PriceWaterhouseCoopers study of global private banking and wealth management provides insight into the themes and trends affecting the world of wealth management as well as practical suggestions for actions wealth managers should be taking. The study is conveniently divided into six sections covering performance, client service, products and services, talent, operations and technology, and risk management.

Technology Update – New Product Solutions and Approaches
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Find out what new products are available to family office executives to better respond to the needs of increasingly complex offices. in this 2009 Financial Executives Forum presentation, discover ways to more effectively utilize existing technology to improve business processes needed to fulfill the functions of a family office.

The Total Package: Single Family Office and Multi-Family Office Benefits and Retention Strategies
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This presentation uses survey data and case studies to explore non-monetary incentives employed by single and multi-family offices including policies for paid time off and other benefits and perqs. Most single family offices are smaller organizations that employ 20 or fewer people. Their policies related to non-monetary incentives vary depending on the philosophy and preferences of their owners. Some offices have informal or unspoken agreements about time off and other benefits while others have formal policies that mirror those used in larger, corporate environments.

The Economics of Talent
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Compensation and benefits often represent more than 50% of expenses for multifamily offices and wealth advisor firms. In this presentation from the 2009 FOX Wealth Advisor Forum, you will learn the best ways that firms can source talent and structure short and long-term compensation to ensure staff continuity and firm profitability.

Impact of Trust on Client Decision Making in Today's Economic Whirlwind
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In this 2009 FOX Wealth Advisor Forum presentation, hear from an accomplished branding and marketing expert who will discuss insights from his quantitative analysis of high-net-worth and ultra-high-net-worth behaviors. Dr. Taylor will address the way that the economic downturn and market volatility are affecting the investment strategies of ultra-wealthy individuals, and the potential of a widespread “flight from risk.” Dr.

The Multifamily Office Solution
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In a more challenging investment environment, families are more frequently seeking to partner with investment advisors that manage the entire relationship, leading to a dramatic increase in demand for family office providers. Multifamily offices have emerged as an attractive structure because of their solutions-driven approach and capacity for shared resources.