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

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 fa...

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 way...

Legislators must know what is important to family businesses; what helps or hurts them when it comes to operating their business and creating more jobs. For that reason, it is critical that legislators hear from family businesses more than any other years in the past.To determine what issues family ...

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 acco...

Serving as a trustee is a huge responsibility and can be fraught with peril in terms of potential liability. Trustees owe fiduciary duties to the trust beneficiaries and often must juggle competing interests. It would behoove any individual who is serving (or contemplating serving) as a trustee to i...

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...

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; }

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 bee...

What does a business succession plan look like?The term “succession planning” can sound daunting to business owners, even when they know it needs to be made a priority. Starting your plan doesn’t have to be so overwhelming though, if it’s taken one step at a time. A succession plan should not b...