RECAP: FOX 30th Anniversary Forum

Generation 4-7 Family Engagement: Constant Nurturing and Evolution of the Todd Family Enterprise

Presenters:
Andrew Hull, Chief Executive Officer, Todd Family Office, New Zealand
Charles Reid, Family Director, Todd Family Office; Chair, Todd Family Council, New Zealand

Moderator:
Charles B. Grace, III, Managing Director, Advisory and Education Services, Family Office Exchange

Session Description: 

Representatives from the Todd Family, a Gen 4-7 New Zealand family, shared how they keep 200+ family members (50% of whom are under age 20) connected and committed to the Family Enterprise through engagement and collaboration. The Family Office leader described how the office has adapted to drive client satisfaction, and how their strategic planning process center on creating understanding around the office’s relevance to the family.


“Culture is like a fingerprint on everything you touch.”
– Andrew Hull

Key Takeaways: 
  • Through constant nurturing and evolution, the Todds have fully evolved into an Enterprise Family. Their origins date to an 1870s pioneering patriarch, and since then they have cycled through entrepreneurship, joint ventures, and a business and governance evolution. Today, their primary focus is on engagement among more than 200 family members.
  • Their business and governance evolution focused on the operating business, philanthropy, and wealth management, and family heritage and stewardship. Since being formed in the 1970s, the Family Office role evolved as well. Instead of its initial focus on preserving wealth, the office is now oriented on doing what’s best for the family – such as building a strategic, open and ongoing dialogue with family members.
  • The family itself established a clear purpose: “we guard and grow family wealth – partnering and facilitating solutions for today and tomorrow.” Growing engagement with the Family Office has helped deepen relationships and trust.
  • At the advisory level, interactions are driven by strategy, relationships, and empowering family members, and consider the size of the family in their collaborations. In all areas, shared culture is an integral component.

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(FOX Members only)