We recently held our annual Fall Forum in Chicago. This year’s theme was “The Butterfly Effect,” which reflects the theory that a change as subtle as the flap of tiny wings can profoundly change the world. The same can be said about the family enterprise. Every choice you make (or don’t ...

Many families have managed their wealth for generations and have healthy, productive and successful sixth- and seventh-generation family members to show for their efforts. What are the secrets of their success? One commonality we’ve seen in our more than 20 years of serving families is they’ve made ...

The following insight is a contribution from TriState Capital, a Thought Leaders Council member of the Family Office Exchange.Let’s look at the overall economy so far in 2013. We have:A soaring stock marketA housing market that is recoveringDeclining unemploymentGDP growthFavorable credit marketsThe...

The following blog post is a contribution from TriState Capital, a Thought Leaders Council member of the Family Office Exchange.Early Monday morning an email is sent to you from a client. He is overseas. His wallet has been stolen. He has no way of getting home. In order to a...

The following blog post is a contribution from Ascent Private Capital Management, a Thought Leaders Council member of the Family Office Exchange.In today’s fast-paced world of technology, we seldom stop to reflect on the legacy of our grandparents and great-grandparents. And not just what ...

Systems security and finding a software solution that integrates financial data across multiple functions rank as family offices’ top technology concerns, according to our latest study "2013 FOX Family Office Benchmarking: Technology in the Family Office." The respondents' sensitivity to security ap...

The following blog post is a contribution from Ascent Private Capital Management of U.S. Bank, a Thought Leaders Council member of the Family Office Exchange.The windfall of inherited wealth often comes with feelings of guilt and elation, isolation and confusion. Learning to be comfortable with...

There is a startling statistic in the recent FOX Benchmarking Report: Technology in the Family Office. Ninety-seven percent of family offices claim to have developed a disaster recovery plan. It is heartening to see that firms have adopted this best practice. It is only fitting, considering th...

The following blog post is a contribution from HUB International, a Thought Leaders Council member of the Family Office Exchange.I was recently visiting New York with my family. We had just returned from dinner and were relaxing in our hotel room when my daughter asked me to pass her cell phone to h...

On June 26, 2013, the Supreme Court of the United States issued two groundbreaking opinions regarding same-sex marriage. The rulings will substantially impact financial and estate planning for same-sex couples living in jurisdictions that recognize same-sex marriage. In the following interview, we t...