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Talent development is an opportunity and challenge for any business, but the distinctiveness of a family office presents flexibility and greater challenge. In this webinar we explored:Why talent development may matter more in the family officeTalent development opportunities in the family officeCareer profilingSuccessionRising GenSkills development/maintenanceBest practices & resources

A cherished beach house, lakeside cottage, mountain retreat, ranch, or other vacation property can foster deep emotional ties for families, creating unique opportunities and challenges over multiple generations. For some families, they can be touchstones for the extended family to gather and serve to define family identity. For families with operating businesses, shared investments, complex trusts, and other shared assets, such properties can be a gathering place for cousins to get to know one another and build relationships.

FOX’s annual estate planning review webinar lead participants through a thoughtful discussion of some of the most important topics and developments that were covered at the 54th Annual Heckerling Institute on Estate Planning. Key legislative, regulatory, and case law updates impacting ultra-high net worth families and their family offices were reviewed.

Having a clear strategy and making sure there is alignment between the family and the family office as part of the execution of that strategy is critical. To make that happen, oversight of the family office must be well articulated and undertaken by the family or the office board. Oversight and measurement of performance cannot be successfully left to management alone.

Families who share in the ownership of diverse assets will benefit from developing a broad-based framework for planning their future together, which FOX defines as Family Enterprise Thinking. Families are strengthened from identifying their common interests, knowing what holds them together, and sharing a multi-generational vision.

During this webinar, Kristi Kuechler discussed how family offices are forging ahead despite volatility and uncertainty in the markets– increasing their appetite for direct investments in real estate and operating businesses - as they continue to reassess the more traditional approaches to building investment portfolios.

In light of the favorable tax court ruling in Lender Management, LLC, v. Commissioner and the fact that miscellaneous itemized deductions (§212 deductions) are no longer deductible per the 2017 Tax Act, we are seeing a lot of interest in the profits interest structure. In this session, Tom Ward explored the pros, cons, and reasons why family offices use this structure, as well as the impact of tax reform on those who use it.

FOX Public Webinar - The State of the Ultra Wealth Advisory Business There has been a 15% drop in the pricing of wealth management services for ultra-high net worth prospects since 2012. What is the cause of this and the other trends shaping the ultra-wealth advisor market? FOX director of advisor research David Toth and FOX director of membership Karen Rush framed the issues that are affecting wealth advisors today, including business growth, pricing strategies, and what's on the mind of ultra-wealthy families.

Advisors and Family Offices can achieve sustainable engagement and build advocacy with their clients/families by constructing a great client experience.

Aligning the advisory relationship with the family’s objectives is as much an art as a science. Many families don’t realize that a wide spectrum of advisory relationship structures exist, and that they have the ability to design and customize a relationship that best suits them. Where a family falls on the spectrum is most commonly driven by the family’s desired level of involvement and decision-making in various aspects of their investment program.