As a strategic wealth coach (our term for my role at Ascent) I am often asked, “What does that mean?” I pause, raise my eyebrows, smile, and reply, “I’m a money coach, I help people deal with the emotional side of money.” This comment alone does not explain what a “wealth coach” is or what one does, so I typically carry on by providing a story or t...
What happens when you bring a group of family learning and client experience officers together to trade experiences and share lessons learned? Magic – in the form of answers to big questions, tried-and-true resources to take back to the office, and support from peers who understand what you do every day.There is something special about the FOX Coun...
Below is an excerpt from my article, Understanding the Voice of the Rising Gen, from the 2019 FOX ForesightTM publication.As wealth owners shift gears to succession planning, there is an entirely new set of issues to tackle. Preparing the Rising Generation for leadership is never easy. While each family is unique, certain transition themes rem...
In our first FOXCast episode, we check in with David Toth, Managing Director at FOX about his recently-published study, Transformation of the Ultra Wealth Business. Subscribe to FOXCast on Apple Podcasts here. Listen Now: Adapting to Change in the Great Transfer of Wealth Your browser does not support the audio element.KC: How is th...
In this episode, we check in with Ruth Easterling, Managing Director of Member Services at FOX on the importance of developing a strong trustee/beneficiary relationship.Subscribe to FOXCast on Apple Podcasts here. Listen Now: Mindfulness around the Trustee/Beneficiary Relationship Your browser does not support the audio element. Below is ...
Standard homeowners and umbrella insurance policies do not include coverage for personal injuries such as intentional infliction of emotional distress, slander, and defamation. In this age of rapid and pervasive social movements such as #MeToo, prolific scandals all over the news, and the ability of social media to exacerbate matters; how do high-p...
For the last two years our family office has been on a deliberate journey to change our culture. It's been a lot of work and learning as we go, but we now have year-over-year data showing that an overwhelming majority of our employees say that culture has dramatically improved. We know that there is A LOT of talk about culture and how importan...
In this episode, we sit down with Dan Tarlas, Senior Managing Director at Asset Consuting Group (ACG) to talk about what it takes to partner with families as investment consultants; managing risk appetites and creating an approach that is truly customized and objective.Subscribe to FOXCast on Apple Podcasts here. Listen Now: Investment Program...
Private equity is playing an increasingly large role in the global economy and impacting portfolio construction. Muted mark-to-market volatility and less short-term scrutiny in private equity appeals to investors and companies alike. One method by which a company ultimately exits private ownership is by going public through an Initial Public Offeri...
Just as family offices differ in most ways from other types of businesses, Human Resources (HR) in a family office presents its own unique challenges. That’s why family office executives find it beneficial to share their experiences with one another—because there are no one-size-fits-all methods and many of these challenges can only be understood b...
Below is an excerpt of an article that originally appeared on BDO.com Cyber-attacks and their success rate in network breaches are increasing in frequency and sophistication. At the root of many successful cyber-attacks are the vulnerabilities that exist within network infrastructure, software applications and the very humans that use those ne...
Earlier this year, we completed our 2019 FOX Survey on Values-Aligned Investing alongside our annual Global Investment Survey for the first time. We felt strongly that it was time to gather information on this growing trend - and share the findings with our members and their advisors – because there has been a fundamental shift in how families of w...
What is the difference between a life insurance review and a life insurance audit? In this episode, Steve Herlihy at Wellspring Associates sheds some light on why it might be time for your family to consider a life insurance audit, and outlines some life insurance basics that younger-generation family members should know.Subscribe to FOXCast on App...
A family vacation home is meant for families to spend time together, create new memories, and watch their children, grandchildren, and possibly great grandchildren grow. The home may also be a wise investment. But for most families, it’s first and foremost a place for enjoyment. Yet as many families find out, the very space designed to serve as a f...
Families that have accumulated significant assets want to know how to best prepare the “rising generation” to help them maximize the benefits available to them, while also minimizing the unique challenges that occur when navigating the world of wealth.Younger family members may have different approaches when it comes to family wealth. Understanding...