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 ...

Carl Robinson has spent the last 25 years helping a wide range of businesses develop effective leadership strategies. Currently, as managing director of Vantage Leadership Consulting, he focuses on identifying and developing executive talent.Last October, we were fortunate to have him address our an...

The FOX Financial Executive Council was first established in 2004 and it offers family office financial executives (CFOs, controllers, tax managers, etc.) an opportunity to share best practices on operational, compliance, and technical issues.On January 30-31, 15 of our members joined us in Orlando,...

On Monday, Feb. 10, 2014, the IRS announced it is delaying a portion of the employer mandate associated with the Affordable Care Act or Obamacare. The delay applies to employers with 50-99 workers. These employers will have until 2016 before facing a penalty for failing to cover employees. Businesse...

In spite of growing complexities, families around the world have managed to stay together for generations, and they reap significant benefits from the concentration of purchasing power and the preservation of family capital. The crisis of 2008 demonstrated clearly the advantages that families ...

How does a family know when they are evolving from a family business into a family enterprise? When the collective activities of the family grow beyond the boundaries of the original business, there is evidence of an emerging family enterprise. The evidence appears gradually over time - when a...