I recently had an amazing opportunity to spend a few days with 46 millennial clients who came to Silicon Valley for our Next Generation Program. Focused on the theme “Innovate for Impact,” the program was hosted by our Family Wealth Advisors team and BNP Paribas Wealth Management.The 4-day event gav...

“To thine own self be true,” William Shakespeare famously wrote. The same could be said of organizations, many of which tirelessly work to ensure that they uphold the principles expressed in their mission statements — but with one gap, the investments made out of their endowments. That’s where...

The U.S. Department of the Treasury plans to withdraw proposed regulations issued in August 2016 that would have narrowed or eliminated taxpayers’ ability to claim valuation discounts on transfers of interests in family-controlled entities.The Treasury Department’s October 2 announcement that it wou...

You’ve worked so hard to make your family business a success, but eroding trust and simmering conflict threaten to derail the progress you’ve made. Is that a sign that your family business won’t make it to the next generation?Not necessarily. In fact, most conflict in family business is natural, rat...

Even highly responsible children can compound cyber risk to the entire household. They are more trusting than adults. They inadvertently engage with cyber thieves in gaming situations. Some work around security to see sites their parents don’t want them to visit. And, many of them are far ahead of t...

Paramount to every enterprise is a healthy, abundant supply chain. Regardless of the end product, the quality and quantity of the raw materials will dictate the quality of output. For those of us in the business of funding other businesses, a good, strong source of high quality deal flow is essentia...

“In life, longevity is a gift only if you know how to use it. And as we prepare to tackle issues related to family journeys at the FOX Fall Forum, I wanted to highlight an interview with one of our presenters, Coventry Edwards-Pitt, CFA, CFP®, Chief Wealth Advisory Officer at Ballentine Partners, LL...

As president of Family Office Exchange, I spend much of my time outside of our Chicago headquarters travelling to far-off locales to meet with families who are part of the FOX community, as well as those considering membership. With FOX members in 20 countries, travel keeps me busy, but it’s a ...

In 360 B.C., the Greek philosopher Aristotle wrote of the distinction between simply giving away money and giving it away as part of a thoughtful process.In Aristotle’s words, whereas anyone can do the former approach, this latter approach to giving is “rare, praiseworthy and noble.” Now, thousands ...

Buying or selling real estate, especially your personal home, presents a unique set of fraud and cyber-security risks. Protect yourself by understanding these risks and exercising the precautions below during real-estate and other high-value transactions.Understanding the RisksSeveral factors make r...