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The impact of the work accomplished each year by FOX family council members is impressive. We gather these peer groups of 25 wealth owners or family office executives twice a year, and my favorite session of the first meeting of the year is called “Accomplishments and Initiatives.” In this session, every council member seated around the table has a...

You can’t evaluate what you can’t measure- and when assessing the success of any trust, proper metrics are vital. Beneficiaries should hold their trustees accountable, but so should anyone with a stake in the success of the trust, be it a grantor or a family review board.There are four standard accountability measures that should be considered when...

Trillions of dollars are beginning to shift within ultra-high net worth families to a new generation of heirs, according to a recent Accenture study. As this transfer of wealth takes place, what giving trends from millennial philanthropists can we expect to see in the years to come?To help answer that question, our parent company BNP Paribas teamed...

Most people feel honored when they are tapped to serve as trustee of a family trust. It’s an important leadership position as well as a powerful role in managing a family’s wealth. The trustee also has significant influence over the long-term well-being of the beneficiaries. It is a role that is not to be taken lightly. The responsibility is signif...

When was the last time you felt “at home” in a completely new environment? What about this experience – the people you encountered or the service you received –made you feel truly welcomed?This happened to me last week at my daughter’s college orientation, a day filled with big emotions, as any survivor of this experience well knows. The faculty an...

The ingenuity and success rate of hackers targeting banks and credit unions continues to shock and amaze. Don't expect the financial services industry to ever willingly disclose how much it loses to cyber thieves on an annual basis. But make no mistake determined, well-funded hacking rings continue to breach banking systems on a regular basis. And ...

Author: Rena Greifinger, Senior Lead MaverickNext, Population Services International Empathy. Child-like curiosity. Trust. Failure. These traits are what should guide the next evolution in philanthropy.I think often about the future of the social sector, not just because it is what my current job entails, but because it has been my life-long p...

Our minds are on constant information overload from article headlines, tweets, and even conspicuous eavesdropping in coffee shops and subways, often causing us to get stuck in conversations on topics that we must bluff our way through. I remember being at a family philanthropy conference several years ago and ended up in the middle of a conversatio...

In March, Warner attorneys Jon Kok and DeAndre' Harris presented a webinar for the FOX Human Capital Network. The topic was common mistakes that managers, including family office managers, can make that could leave the office or families open to employment liability.Employment mistakes have been big in the media lately, and family offices are ...

The goals of family education include understanding the family’s values, legacy, and sources of wealth, increased engagement in the family enterprise, and basic financial literacy. Here’s how family offices prepare the next generation of family leaders. .blog-banner{ display:none; }

All aspects of our daily lives will be impacted, as will our understanding of self and the meaning of privacy, ownership, and citizenship due to dramatic changes resulting from the Fourth Industrial Revolution. Innovation is rapidly transforming how the ultra-wealthy live and work. What are some ways families of wealth can navigate the new world of...

Beyond the Family BusinessA business-owning family with intertwined holdings and joint assets across generations must invest in planning to ensure continued success as a family and as a business. It is by virtue of having a big picture plan, or even just expressing the need to have a plan, that a family becomes an “enterprise family.” The unde...

Overall Family Offices are satisfied with recent performance, but beginning to move away from the traditional approach to asset allocation.

Investing directly and operating in real estate and operating businesses is an increasingly important focus for many family offices. For the past decade, FOX has been tracking family office interest in direct investing, through FOX studies and our highly-engaged FOX Direct Investing Network.The following are excerpts from an article on direct inves...

It’s natural to want to choose a family member or someone you know well to serve as your trustee. However, it sometimes also makes sense to choose a professional trustee like a bank or trust company as the trustee or co-trustee. The Pros of Using an Institution to Be Your TrusteeSelecting an institution to serve as your trustee may help you av...