In recent posts we’ve looked at what separates extraordinary wealth advice from the industry norm. Several industry leading advisors gathered with a select group of family office executives to tackle this issue at our most recent FOX Thought Leaders Council Summit. They concluded that state of...

Late last year several industry leading advisors gathered with a select group of family office executives for our annual FOX Thought Leaders Council Summit. They tackled an interesting question: What separates the best wealth advisors from the merely average? What they found was that high performanc...

The 2013 FOX Thought Leaders Council brought together representatives from sophisticated family offices and industry leading advisors with the goal of identifying the state of the art in private wealth management. They discovered that while on paper the services offered from one firm to the next are...

Recently key figures from leading advisors in the private wealth management industry gathered with executives from several sophisticated family offices for our annual FOX Thought Leaders Council Summit. The attendees met to discuss what constituted state of the art wealth management. What they deter...

Assigning a business executive to manage or coordinate personal financial or administrative affairs can be problematic for several reasons: Lack of alignment of interests between the business and the family – The personal goals and appetite for risk-taking of some owners may not align with the i...

Employers in the wealth management industry face two distinct talent challenges, one long-term and the other immediate. According to a recent Accenture report titled “The ‘Greater’ Wealth Transfer: Capitalizing on the Intergenerational Shift in Wealth,” Baby Boomers stand to pass on an estimated $30...

Business owning families face the simultaneous challenges of running a business while planning for the future of the family and the management of family capital. While successful businesses benefit from disciplined operations and strategic planning, the management of family wealth is often eclipsed b...

Every family enterprise needs a framework for holding together the disparate parts of the family activities, and a process for managing the elements in the framework. An integrated model of the Family Enterprise encompasses the family’s capital goals (in green), family governance and leadership issu...

Successful multi-generational families often have difficulty making the transition from a business-centric family to a family-centric enterprise as the scope of their activities expand, and the family grows across generations. The diversity inherent in the growing group of shareholders brings th...

For most families, the natural evolution of wealth concerns eventually shifts from creating, preserving and transferring wealth to the realities of next generation education and preparation. With a growing body of research underscoring the importance of applying early and sustained attention to the ...