p { padding-bottom:3px; } li { padding-bottom:0px; } Tackling the 'One, Two, Threes'Let’s never forget integrated services are the crucial deliverables by a family office and these services provide the best evidence to judge the performance of the office. There are three key inputs related to services, (1) strategy and goals, (2) scop...
While folks residing on the coasts are keenly aware of the threats that hurricanes can pose in terms of water damage, most families are unaware that the main risk of water damage actually stems from within the home itself. We sat down with FOX member, Anne Martin, Senior Risk Management Specialist and Water Damage Mitigation Technical Specialist fo...
Recently, a FOX member inquired about the best practices of onboarding a next generation family member into the Family Council. "What does the first year look like for them?" "What should be done to welcome them into the Council?"In my experience, many families prepare for the next generation's entry into the council by establishing a learning path...
Disruption in our industry is inevitable, whether it is the growing transitions of businesses and wealth, or technology innovations such as robotics that will transform how we do things. .blog-banner{ display:none; }
Even in a tight labor market, family offices maintain a remarkably high employee retention. And that’s a good thing...right? Family offices have built compensation and benefit plans that have been excellent at helping to retain employees. The question facing them is: How will they adapt these plans to keep up with the need to recruit a new generati...
The season for entertaining is here — Thanksgiving, Christmas, Hanukah, New Year’s Eve, the Super Bowl, all great reasons to get together with family and friends. In addition to the excitement of planning, organizing and hosting a social event, the importance of managing risks associated with entertaining, especially at home, is essential. Wh...
Engaging a coach can be an effective way to develop your leadership skills, engage better with your teams, and accelerate your career development. FOX recently sat down with Austin McDonald, President and COO of McDonald Development Company, to discuss how coaching can help you unlock your leadership potential, whether it is through peer coaching o...
As family interests expand beyond the core operating business and foundational family office services, the family, executives, and entities involved typically experience growing complexity. This complexity may be experienced through:Unclear decision channelsBeing overwhelmed with administrative details, new projects, acquisitions and lack of p...
Engaging a coach can be an effective way to develop your leadership skills, engage more effectively with your teams, and accelerate your career development. FOX recently sat down with Austin McDonald, President and COO of McDonald Development Company, to discuss how coaching can help you unlock your leadership potential, whether it is through peer ...
Adapted from an article in Trust & Estates.Crafting an Entrepreneurial VisionWhen there’s disruption, there’s opportunity. Therefore, it’s important that successful business-owning families continue to focus on shaping meaning and purpose for the family.For families that intend to remain family-influenced and owned, it’s crucial to take the tim...
When families think about “risk mitigation,” they typically are thinking about preparing themselves to handle problems when and if they occur, perhaps by creating a private trust company (PTC) to succeed individual trustees, or by purchasing insurance to guard against the losses that may result. However, as Benjamin Franklin once said, “An oun...
We all are experiencing the outsize impact of political issues on the markets. For this reason, I’ve tapped PIMCO’s Head of Public Policy, Libby Cantrill, to discuss global challenges to investors through a political and economic lens, including the rise of populist movements and challenges to democratic institutions around the world at our upcomin...
Below is an excerpt from my article, Forging a Direct Investment Path, found in the 2019 FOX ForesightTM publication.Family offices are forging ahead—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.Family offi...
Advantages of a Prenuptual AgreementPrenuptial agreements get a bad rap and carry a mostly negative stigma because they are associated with one spouse wanting to protect assets from the other upon a termination of the marriage by death or divorce. That may be one purpose, but these agreements can be so much more. They can:Encourage a healthy discus...
FOX Councils provide an exclusive, small-group setting to share knowledge, discuss experiences, and gain insights. Our FOX Financial Executive Council, consisting of CFOs, controllers, and tax managers who work in family offices, met in January. We asked one of the Council Chairs, Jane Flanagan, to share what’s top of mind for these membe...