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One tradition that some FOX members take quite seriously is that of documenting their family’s, company’s and even family office’s history. To assist other FOX members who haven’t yet decided upon the best means of accomplishing this challenge, we talked with two family group, the Richardson Family and the Laird Norton Family, who have done an extr...

The senior generation of a financial family usually has some notion of when and what to tell the next generation about the family finances. This is typically based on the family goals and family philosophy on how to reach those goals. For example, if parents are concerned that their offspring will fail to become productive members of society if all...

Family Office Exchange LLC is often asked about resources that are available to teach basic concepts in money and finance. In response, we've researched some of the best Internet resources available.

Leadership succession and governance are important issues for every financial family. However, these issues are especially complex for business-owning families. To explore succession from an expert perspective, FOX spoke with Kelin Gersick, co-founder and senior partner of Lansberg, Gersick & Associates, a consulting and research firm specializing ...

Selling the family-owned business is one of the most important financial decisions and transactions that any family will face. Business owners, their children and grandchildren will live with the results for a long time to come. Getting it right is important to maximize family wealth, and some basic advance planning — even several years in advance ...

Family transitions are not only difficult, but potentially explosive. Younger family members often have a high sense of anxiety because they don't know what will happen next. At the same time, those in control may be unaware that others aren't happy. Mounting tensions can cause families to delay change as long as possible, often compounding the pro...

“Mentoring is more than just a relationship between two individuals,” said James Ruddy, who launched a discussion on the topic at an enlightening and laughter-punctuated session at the 2005 Family Office Exchange CEO Forum. An attentive audience heard four diverse perspectives on the role of mentoring as a means to educate and groom successive gene...

The transition of family leadership from one generation to the next is never a smooth road. Family members are often confused about their roles and apprehensive about where a new leader might take them. It's no surprise then that many families avoid facing the challenge of transition until it is inevitable.

The death of a matriarch. The sale of a family business. Big events can throw a financial family into flux. Tough transitions can be managed smoothly, however. Three industry experts gave practical advice on transitions to an audience of about 300 family members and office executives at the FOX Fall Forum, held in October at the Four Seasons Hotel ...

Affordability, vitality, resiliency, and employee wellbeing are the key areas of focus when it comes to employee benefits in 2025. With this outlook, see how organizations will embrace innovative strategies as the cost of healthcare benefits—driven largely by skyrocketing pharmaceutical prices—will continue to pressure employers who are committed t...

We’ll examine how to successfully navigate the challenges that arise with the aging and cognitive decline of a family member and/or board member from the perspective of the family office. Aging experts emphasize several strategies for identifying cognitive impairment and ensuring early detection, along with resources and approaches for handling the...

When a family unit is comprised of multiple generations, conflicting perspectives and ways of being often come into play. While these generational differences can challenge unity and harmony, they also offer valuable insights and unique contributions when it comes to navigating important family matters. So how do families leverage these differences...

Successful family meetings are an essential component of managing a family-owned business, especially for wealthy families. Such gatherings are not only about ensuring the smooth operation of the business, but also about facilitating family harmony and ensuring that relationships and the family’s legacy continue through generations. Learning from e...

Join this engaging session on a variety of topics related to the human capital of a family office. The first half will cover trends in the workforce and labor market, from the challenges of a multi-generational team to compensation and family office career paths. Our second half will be dedicated to fielding audience questions so come prepared to s...

When is the right time to start talking about succession within the family office? Who starts the conversation so that it is comfortable, non-threatening, and becomes a planned process rather than a one-time event? Hear from families, family office executives, our thought leaders, as well as executive recruiters on how to navigate the succession pr...