Family Office Best Practices

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Breakout 5 - FOX Compensation and Benefits Study
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Offering a competitive compensation plan is essential to attracting and retaining the top talent that can ensure a family office’s success. However, compensation is also consistently the biggest line item in every family office budget. This makes designing compensation plans that are competitive and effective especially imperative.

Breakout 6 - The Essential Wellness Tool Kit - For You, Your Family, and Your Organization
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Research shows that effective self-care practices can lead to success at work and at home. Join us to discuss the four pillars of well-being and how they inform the way we care for ourselves, our families, and our organizations. Develop a practical self-care tool kit, including mindfulness, nutrition, and movement to increase your productivity in the office, impact your effectiveness as a family member, and engender greater fulfillment and longevity.

Equity Compensation
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The ability to attract, retain, and reward a superior workforce is fundamental to every organization’s long-term growth. One way to achieve it is to offer stock options to employees, giving them a stake in the company’s value as part of their compensation package. In general, there are two forms of stock options: nonqualified stock options and incentive stock options.

2018 FOX Family Office Compensation & Benefits Report
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The 2018 Compensation and Benefits Report is designed to aid family office board members and executives in their review of the office’s compensation plan. The report highlights the key areas of family office compensation and benefits while providing you with invaluable perspective on your office’s plan relative to your peers.

New York State and City Raise Bar for Employers in Handling Sexual Harassment Allegations
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Both New York State and New York City have recently passed a series of laws that significantly increased the protections against sexual harassment in the workplace. These laws outline additional and specific requirements—including the adoption of anti-sexual harassment policies and training—that employers must comply with over the next year.

The 5 Questions To Ask Your Controller
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As the office of the controller becomes ever more strategic—creating higher levels of financial visibility to help drive growth and profitability—the financial organization’s relationship to the controller role must evolve as well.

Natural Disasters: Understanding Exposures and Risks
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Over the past several years, the world has experienced an increase in the number of devastating natural disasters, yet according to FEMA more than 60% of Americans lack a household emergency plan. In this webinar, Marsh Private Client Services and Guy Carpenter examined natural disasters, including earthquake, flood, storm surge, wildfire, and windstorm, and their potential risks. They shared information to help individuals, families, family offices, and their advisors understand their exposures and the resources available to help mitigate and manage these risks.

FOX Public Webinar: A Deep Dive on Family Office Services
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If you think you may need a family office to manage your family’s wealth or you want to take your family office to the next level, this webinar will help you understand the role and functions of a family office and what it takes to start and maintain one.In this session, you will learn about the concepts FOX has garnered working with families around the world and powerful stories of successes and failures.The webinar focused on services offered by family offices. Highlights include:

Life Insurance Audits: What You Need to Know
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Life insurance is part of virtually all family and family office environments. It is utilized for short- and long-term planning, financial security for spouses, estate taxes and family business buy/sell planning. Often not well understood, life insurance can be easily relegated to the “back burner” – with potentially disastrous results. Auditing these assets can highlight unknown, time-sensitive risks, and increase financial leverage opportunities.The learning objectives include:

Becoming a Data-Driven Finance Leader
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From big data and network effects to the subscription economy and cloud computing, modern finance is undergoing its most fundamental transformation ever. Today, it takes a data-driven finance leader – someone who understands and embraces the promise and power of technology – to navigate this exciting, uncertain future.We discussed: