Family Office

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Redefining Ways to Deliver Trusted Advice
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This PriceWaterhouseCoopers study of global private banking and wealth management provides insight into the themes and trends affecting the world of wealth management as well as practical suggestions for actions wealth managers should be taking. The study is conveniently divided into six sections covering performance, client service, products and services, talent, operations and technology, and risk management.

Health Advocacy: Saving Time, Money and Worry
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A brief paper from Health Advocate Inc. provides an overview of health advocacy, explaining not only the concept but also how this new specialty service can help individuals deftly navigate the healthcare system in order to get the right services and to make sound medical decisions.

Technology Update – New Product Solutions and Approaches
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Find out what new products are available to family office executives to better respond to the needs of increasingly complex offices. in this 2009 Financial Executives Forum presentation, discover ways to more effectively utilize existing technology to improve business processes needed to fulfill the functions of a family office.

Domestic Staffing: Hiring, Managing, Terminating
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Avoid the pitfalls presented by employing domestic staff with practical advice from Teresa Leigh, founder of Teresa Leigh Household and Property Management in this 2009 FOX Financial Executives Forum session.

Changing of the Guard
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As the management and control of a family office passes to a younger generation, it is common for new leadership to reassess many of the organization's strategic elements against a new measurement criteria, a necessary process that can lead to difficult and transformational decisions. For many, the single-family offices that remain will bear little resemblance to the operations that their parents established.

The Total Package: Single Family Office and Multi-Family Office Benefits and Retention Strategies
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This presentation uses survey data and case studies to explore non-monetary incentives employed by single and multi-family offices including policies for paid time off and other benefits and perqs. Most single family offices are smaller organizations that employ 20 or fewer people. Their policies related to non-monetary incentives vary depending on the philosophy and preferences of their owners. Some offices have informal or unspoken agreements about time off and other benefits while others have formal policies that mirror those used in larger, corporate environments.

The Economics of Talent
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Compensation and benefits often represent more than 50% of expenses for multifamily offices and wealth advisor firms. In this presentation from the 2009 FOX Wealth Advisor Forum, you will learn the best ways that firms can source talent and structure short and long-term compensation to ensure staff continuity and firm profitability.

Help for Yacht Purchasers
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Purchasing or building a yacht can be a time-consuming and complicated process, particularly for buyers who are unfamiliar with the industry and the specifics of yacht construction. The Global SuperYacht Group explains the role of a maritime advisor and how he or she can streamline the process and protect the buyer.

Why Do I Need Time Tracking?
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In order to increase the bottom line of a family office, one of the key econometrics is understanding the relationship between the fee charged and the costs associated with each client. Understanding the fees charged to a client is usually well known based on invoices sent to the client. However, without a corresponding knowledge of the costs per client, it is impossible to know if the fee assessed is adequate. To understand costs, it is necessary to track the time spent servicing each client.

The Danger of Inappropriate Email Usage
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At a time when some businesses are struggling simply to stay afloat, warnings over the dangers of inappropriate usage of business e-mail might seem misplaced. However, this remains a risk that can often be poorly managed and that could cause disproportionate damage to an already fragile corporate.