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...

Every January, we launch our annual Global Investment Survey to find out how FOX members fared in the markets, and what changes they’re planning for the year ahead. Members anxiously await these results so they can provide their clients and governing boards with critical peer perspective that helps ...

A third shoe has fallen. Family offices have now cleared three hurdles in the regulatory actions considered as a result of the Dodd-Frank repeal of the SEC’s old system for exempting family offices from regulation. The first was the ruling that family offices, meeting certain conditions,...

Forming a single-family office is a natural progression for many families of wealth. When a family is transitioning from operating a business to managing significant wealth, having one's own family office can offer significant benefits, including personalized attention, economies of scale and greate...

In September, the FOX Wealth Advisor Council convened in New York to discuss the latest FOX research, benchmarking and best practices for advisors serving single family offices. Many issues – from talent acquisition to profitability – were raised by Council members as key industry challenges. Perhap...

A frustration we often hear from families is that wealth management firms all sound the same. No firm can be all things to all families. The sooner in the process firms and families realize this, the better off everyone will be. For families seeking a wealth advisor, the question isn’t who is the "b...

Our Family Office Exchange Senior Management Council met recently to discuss ways to engage the rising generation in the family office. The family foundation is an excellent vehicle for introducing the rising generation to family values, mission, philanthropy and investments. Ideall...

With toy catalogues in the mailbox and Thanksgiving right around the corner, I’ve been finding myself thinking a lot lately about the gifts we give to our children and which ones they end up being truly thankful for when they are older. I recently had the opportunity to hear a lot about t...

From Kickstarter campaigns to Ice Bucket Challenges for charity, when it comes to raising funds in today’s hyper-digital world, online crowdfunding is generating attention from artists, media, non-profits and entrepreneurs alike. There’s no doubt it has proven successful for a variety of opportuniti...

As a proud Millennial, there are clear trends I’m seeing amongst my peers and the emerging generation of young people rising behind us. The most obvious of which, is that we all want to work on something we’re passionate about. We seek purpose. We crave a work environment appeals to our mission-driv...