FOX Insights Blog

Agile Advising: The Advisor I Want To Be

Mar 03 2015 - Greg McCann, McCann & Associates

Recently, a close friend of mine told me about a financial analysis on investing that a private wealth firm had sent her. She read most of it, but it all seemed very technical and disjointed to her, and after spending over an hour sifting through the material she found herself wondering, “So what does all this mean to me?” This feeling seems to be especially true among Millennials, yet I believe their sentiment merely epitomizes a trend impacting us all: exponential change, interdependency, greater... Read more »

 

How to Work with a Difficult Team Member

Feb 24 2015 - Amy Hart Clyne

To build a successful integrated wealth plan, advisors of different specialties need to collaborate and cooperate as a fine-tuned team. As such, a team member that has difficulty working with others could prove to be a detriment to the effort of the advisor team, and to the results the family receives. Should you find yourself working with a difficult team member—or realize that you are, in fact, that difficult team member—it may help to try and understand why this person is acting the way they are, so... Read more »

 

Single-Family Offices Can Now Serve Former In-Laws

Feb 17 2015 - Marv Pollack

The SEC has expanded the definition of “family” in single-family offices. The January 2015 ruling, which was an update to a previous SEC ruling we covered in the FOX Insights blog last year, affirmed that single-family offices not only have the right to also service family members’ in-laws and their relatives, but also former in-laws and relatives even after a divorce. The case at hand was addressing whether the single-family office established by former Treasury Secretary William E. Simon could continue... Read more »

 

How Millennials Really Want to Communicate with Advisors

Feb 09 2015 - Teresa Bellock

When you think of Millennials, one of the first images that likely comes to mind is a group of young adults, all standing around in a circle... looking down at their smartphones. Unfortunately, this widely accepted vision of Millennials gives a false impression of how young adults prefer to communicate. Here are three key communication takeaways from interviews FOX conducted while preparing our Engaging the Client of the Future white paper: 1.       Millennials value face-to-face communication and want... Read more »

 

How Family Offices Change Over Time

Jan 26 2015 - Marv Pollack

Families change, grow and evolve from one generation to the next. So do family offices. While family offices are first formed to serve the needs of their founders, they eventually will shift in focus toward serving the founders' offspring and extended family—the next generation. A third-generation or fourth-generation family office, therefore, will look much different than a first- or second-generation family office. This is the true beauty of the family office: it is a flexible format that can change and... Read more »

 

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