From working with forward-thinking family office leaders for more than two decades, we can see with a bird’s eye view of the family office space and have a keen awareness of the forces and demands that are shaping it. In today’s environment, we see even more change than usual, including meaningful structural transformations. For family offices, the ability to adapt thoughtfully to change is essential.
Family Office Best Practices
Resource Search
The Family Office Maturity Model
Publish Date
At every stage, a Family Office needs the right team, governance, and processes in place to continue growing. With this Family Office Maturity Model that identifies the five different stages—embedded, early stage, developed, professionalized, and mature—you can assess areas for improvement and determine the right steps to progress. By understanding these stages, you will be in a better position to make informed decisions about governance, operations, and team development for your Family Office.
Polarity exists in nature and the nature of our business. Different views, values, preferences—in other words, diversity—is at the core of polarity. Recognizing and managing polarity within your organization allows for leveraging the benefits of diverse perspectives, promoting a balanced and thriving workplace. We explore how to navigate and embrace natural opposites within team structures and adopt approaches for getting things done.
2024 Compensation and Benefits Survey Member Brief
Publish Date
With the participation of 150 unique family offices, this biennial and comprehensive report is designed to assist family office board members and executives in evaluating their compensation plans. Developed in collaboration with Grant Thornton, the report is divided into three main sections: governance structures, staff benefits, and detailed position compensation. Together, it offers valuable insights into the compensation and benefits landscape within family offices, providing a benchmark against peers.
With a focus on talent, this Executive Summary is designed to assist family office board members and executives in evaluating their compensation plans. Developed in collaboration with Grant Thornton, the report identifies several strategies that collectively aim to make family offices more attractive to current and potential employees.
Family offices of every size and type can serve as unknowing gateways to sensitive data and personal information due to their extensive financial dealings and relatively low maturity in cyber preparedness. These vulnerabilities make family offices attractive targets to threat actors who may not even need sophisticated hacking skills to compromise an organization’s security.
The family office industry is constantly evolving, and the family offices that embrace the changing dynamics continue to be successful in achieving their overall purpose. As in the first edition, this second edition of the Plante Moran Family Office Book provides timely and relevant insights to help family office professionals manage, operate, and evolve a best-in-class, forward-looking family office.
Welcome to day 1 of the 2024 Family Office & Wealth Advisor Forum. Scott Muench, Managing Director, Membership, FOX Peter Moustakerski, CEO, FOX
Financial Literacy Resources for Children and Teens
Publish Date
There are many resources and games available for teaching children about different aspects of managing money, investing, and philanthropy. Starting financial literacy education with children and teens will be more successful when you make the activity fun, connected to their life stage and related to current interests. This includes gamifying learning, suggesting books to the readers, board games for kinesthetic learners, and offering videos for those that are auditory and visual learners.
Family Office Interview Questions
Publish Date
All Family Offices are unique; as are the families that they work for. However in the end, they all follow a similar process when trying to make a successful hire for any position within the team. By using this guide that includes an interview form by Agreus, you’ll see how asking the right questions during the interview process will result in a successful hire for your Family Office and the family it serves.