Chris Herbert is a Relationship Manager at Family Office Exchange (FOX). He brings to his role a background that is rooted in the Financial Services Industry, having served in the areas of commercial and private banking, as well as Family Business Services. As a senior relationship manager, Chris works with financial families to understand their ob...
You’re right. The last thing the world needs is another blog. This will change your mind.The world of family offices is full of complex issues and lots of smart people working on solutions. They are working in far corners of the globe, often attached to a business or financial enterprise. Their desire to come together, to share ex...
Many NextGen family members who are actively engaged in the business of their families, whether by participating in the foundation, working in the family office, or as an employee of the operating company, say they’re frustrated by peers who are not actively engaged. They’re especially frustrated when these peers complain about decisions but don’t ...
Advisors to wealthy families are nothing if not solicitous. For nearly two-thirds of FOX multi-family office members, “quality of client servicing” is the characteristic that receives the most attention in marketing efforts.When it comes to service quality, however, some firms are likely providing too much of a good thing. In the proces...
In the last NextGen post, I shared some insights into what keeps some younger family members from becoming engaged in the business of the family. Here’s a list of practical ideas and strategies to encourage engagement with the next generation and other family members. These ideas come from experiences shared by Family Office Exchange members, ...
Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen. - Winston Churchill Wikipedia interprets the “elephant in the room” as a metaphor for an obvious truth that is either ignored or remains unaddressed. A “white elephant” is also an idiom for a valuable but burdensome possession that the ow...
Our members gathered at the FOX Global Investment Forum last month to discuss investment opportunities and the benefits of taking a longer-term view in their deployment of family capital. They came for an investment update and to see what other families were investing in. What was reinforced by the attendees was their growing interest in buying ope...
Last week we released our latest study, "Building a Family Enterprise Plan to Deal with Future Uncertainty." Based on the press coverage and level of blog commentary, we appear to have touched on an important subject. The tumult of the financial crisis and a feeling that the world has increasingly become a global village has focused minds on t...
Family Office Exchange is known for pioneering initiatives that provide unique insights to wealth owners and wealth advisors. Our latest innovation is the Directory of Leading Wealth Advisors launched in June, after 20 years of research on the topic. This database, designed to help families with multi-generational wealth identify qualified integrat...
We are pleased to announce that Time Senior Political Correspondent Mark Halperin will be delivering a keynote address at this year’s FOX Fall Forum. Mark’s session will discuss “The Substance, Drama and Consequence of Modern Politics,” a subject he has developed an in-depth knowledge of during his more than 20 years of covering Washington. Coming ...
FOX is pleased to welcome Dr. Richard Haass back as a keynote speaker for this year’s Fall Forum.Dr. Haass is the president of the Council on Foreign Relations, a non-partisan organization promoting greater understanding of the foreign policy choices facing the United States and other countries. From 2001-2003, he served as the former director of p...
I will be conducting our Wealth Advisor Master Class next month with FOX Founder and CEO Sara Hamilton. Much of the program will focus on the sales and service models of elite wealth advisors serving the ultra-high-net-worth market, so I’ve been thinking a lot lately about how firms compete and differentiate themselves.FOX recently published an int...
FOX offers a number of learning events throughout the year. Some, like our webinars, are online, while others, like our annual FOX Fall Forum, are in person. Both have distinct advantages. Online learning is convenient and more readily available. It is easier to fit into your workday.In person events require more of an investment, but they are also...
Most ultra high net worth families rely on trusts, not only as key components of their wealth transfer strategy but also for the transfer of family continuity and legacy. And yet, our experience working with families and their advisors shows that more often than not, key players in the trust lack the understanding and education that is essential fo...
Ben Hunt is portfolio manager of the TIG Procella Fund, a long/short equity hedge fund focused on the political, legal, and regulatory events that influence security prices. He is also the author of two books on international politics, including one on the European coalition. We are delighted to have Ben speaking at the 2012 FOX Fall Forum&nbs...