Family Office

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Generational Transitions Journey
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Family office executive, Jill Koosmann, with G5 family members, Katherine Hayes and Kate Tilney, will highlight how the family and office staff worked together to complete a significant generational transition. Learn how they worked together to meet the family’s current needs, while respecting the evolution of the family’s culture. By addressing questions about where they are going, what business they are in, and how to measure their success, the team learned a great deal in the process.

The Shifting Talent Paradigm: How Advisors Are Redesigning Their Talent Strategy
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FOX’s 2017 study on The Shifting Talent Paradigm: How Advisors Are Redesigning Their Talent Strategy can serve as a great resource for those seeking insights on what is changing the advisor labor market and how they can shape the best talent strategy for their firm. This report is organized into four sections:

Driving Performance in the Family Office: 3 New Approaches for the Data Driven Chief Financial Officer
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Financial reports and other real-time operational data are often lagging indicators of performance. These metrics, although perhaps lacking precision, may have been sufficiently effective in the past; however, they are less so now because they lag the current cadence of information dissemination and business volatility today. The challenge for many finance functions is to try to keep pace with all the modern sources of insight and analysis that internal and external stakeholders are receiving.

The GDPR and The Bottom Line
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For American companies who do business in Europe or who process the personal data of EU residents, the world of data privacy and security is about to get much more complicated. While U.S. privacy law is unsettled, with rapidly proliferating state and federal laws and regulations and uncertainty as to how strictly they will be enforced, the rules in the European Union are tough and about to get much tougher.

FOX Public Webinar: The Single Family Office and its Special Role
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If you think you may need a family office to manage your family’s wealth or you want to take the family office to the next level, this webinar will help you find out what a family office does and what it takes to start and maintain one.During the webinar, you will learn about the concepts FOX has garnered working with financially successful families around the world.Highlights included:

10 Steps to Create a Robust IT Security Program
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In the last few years, hackers and cyber criminals have become much more sophisticated in how they steal private information, which has led to massive data breaches. These data breaches not only cost an organization hundreds of thousands of dollars in fixes and possible fines, they can ruin a long-established reputation in a matter of hours. Putting in place a robust IT security program will help protect the personal information you maintain from being stolen and misused.

A High Net Worth Guide to Hiring Private Staff and Domestic Help
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So, you need to hire someone to work at your home—a housekeeper, a chef, or a personal assistant. You have decided not to contract these services to a local company, and your family office does not hire staff for you. It is up to you to fill this position. Before letting a stranger into your home, it is important to understand the domestic employment process from hiring through terminating, so you don’t open your family to exposure financially, legally, and socially.

Identifying the Right Technology Solution for Your Family Office
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The process of identifying the right technology solution for your family office can be tough, especially if you don't know where to begin. This article details the steps you'll need to take and provides a breakdown of the key business objectives and goals associated with family office technology and software. It also offers a sample family office systems architecture and a look at a new approach to technology costs.

Cloud Technology for the Family Office
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The shift to a full cloud-based model for infrastructure and application delivery is here for family offices, if they choose to use it. The future of the wealth management will include hybrid and convergence solutions (such as co-source), providing a transition from ‘on premise’ to the cloud, especially as legacy vendors try to extend the life of their aging applications. Ultimately, there will be little on-premise IT left. If you are a small- to medium-size family office, many of the benefits are attainable today, and this approach should be part of your strategy.