In mainstream media coverage of America's health care system, it is commonly implied that wealthy patients are largely immune to health care challenges and risks. The conventional wisdom is often that simply by paying high premiums for private insurance (or by paying cash), patients can get the best care and avoid - or override - any health care problems.However, in reality it is not this simple.
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The latest in FOX's original research studies examines the many ways in which family wealth advisors structure and implement their fee and pricing models in today's marketplace.This program will offer a comprehensive review of pricing strategies and practices that leading multi-family offices, private banks and other wealth advisors employ to realize full value exchange with clients.
Collaboration is necessary to both business and family success in the 21st century. Yet many families find it difficult to develop a collaborative culture - and collaborative leadership - when their family has traditionally been organized around the directives of a founding patriarch or matriarch.Business-owning families in particular may struggle with these kinds of paradigm shifts. New leadership skills are required to help family members make decisions, while simultaneously managing their emotional responses to the stress of change.
Recently, continuing changes across global markets, in combination with a weakening dollar, have led many family offices to consider holding funds in other currencies. How smart is this strategy - and how do the best of the best manage multi-currency investing?In this program, an interdisciplinary team of experts share their insights into both the investment and the legal/regulatory sides of active currency management.
When it comes to worries that can keep family leaders up at night, “PR crisis” ranks high on the list. Whether due to an actual event – or just a rumor – unwanted public attention can have powerful ramifications on virtually every aspect of the family’s functioning.In this program, a team of public relations experts working with some of the world’s leading families will address the special PR issues that family offices face today. Participants will learn new knowledge and hear strategic advice designed to help them better handle public relations risks.
As family offices begin planning summer meetings and retreats, leaders may find themselves faced with a multitude of questions – challenges that can begin with setting the agenda and continue through finding proven facilitators and meeting locations.
In their personal and business lives, wealth owners face a variety of risks, many of which could be mitigated or possibly even eliminated with the help of experienced investigative professionals.
Multinational families are not a new phenomenon; history is full of noteworthy family trees whose branches have spanned the globe for generations. Increasingly, though, even younger families find that business, marriage, or simply serendipity lead to many family members making their lives in different countries and different cultures. And as the family grows, children with different heritages and experiences become adults who must learn to connect across cultures in order to ensure the family’s ongoing health.
More and more, family members are heading off the beaten path when they travel. Whether the purpose is business, philanthropy, or pleasure, excursions to less-developed areas of the world present a special set of risks to manage – both for the individual traveler and for the family as a whole.
For business owning families, family councils offer opportunities for members to be involved with both the family business and the family system itself. A council can provide structure that helps members productively manage the strengths, challenges, and tensions that arise when a family has both an active operating business and multi-generational wealth. However, many leaders remain unclear about how to design and manage the “right” type of council for their family’s needs and priorities.