Understand the good, the bad, and the promise of direct investing. Members of the FOX DIN Network will share their insights and experiences with direct investing and provide valuable lessons and best practices they have learned. This session will involve roundtable discussions of current deal activity.
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Seminar 4: Family Office Trends and Best Practices
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This session will highlight new trends and shifts in office complexity and operations based on the recent FOX Family Office Benchmarking Survey. We will facilitate discussion among participants to help consider how to evolve services, talent, and technology.
A trustee of family trusts must understand the legal duties and deliver them with a keen appreciation of family dynamics. We will discuss the range of trustee and beneficiary responsibilities as well as practical tips for making the trustee-beneficiary relationship work effectively. Members will share their experiences as trustees.
Generation 2-3 Leadership Transition: From Preparation to Empowerment with the Gallardo Family
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Two leaders in a Gen 3 cousin’s group from Barcelona will share their transition described as “many years in training to finally moving to the playing field” in their Enterprise Family. They will outline the triggering event for their transition, the process they went through to define their Gen 3 vision for the future together, and how they used the Strategy Committee roles to establish their credibility. They will explore today’s current leadership structure and how they are preparing the 4th generation for ownership and future leadership.
Voice of the Ultra-Wealthy Family: Evolving Client Behaviors and the Impact on Advisors
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According to FOX research, changing client behavior impacts what services need to be provided, how to develop talent and even the way firms articulate their value in the marketplace. In this webinar, we examined the shift in behavior which can already be seen in the increase in direct investing and more subtly in how families are seeking advice and planning. Most every firm is engaged in a process to better articulate or re-articulate the value they provide.
For families engaging in strategic planning, the proverbial questions remain the same… What does the rising generation need to know? How do we deliver that? What should we expect from them? Intentional families consider these questions for years. Others, due to unexpected life events, are rushed to get the rising gen members up to speed and ready to serve. This webinar covered the basic components of a family learning program, including what important topics should be addressed at what life stage milestones.
Demonstrating the value of a family office is no small task. The pressing priorities of an office often leave little room to fully comprehend the impact of all moving parts. The 2019 FOX Family Office Study explored several key components of family office operations such as cost, governance structure, education and client experience. Join FOX’s Chief Operating Officer, Glen Johnson, who shared the perspective of 135 family office executives on the elements driving success in a family office. He also shed light on best practices to assess and demonstrate the value of a family office.
Approaching Prenuptial Agreements Positively
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The mere word “prenup” strikes fear and anxiety into the hearts of most who hear it. When we realize we have to broach this topic, our thoughts immediately jump to the worst-case scenario - a broken engagement. Or we envision suffering through months of arguments and negotiations to please a family that doesn’t seem to trust our judgment or future spouse. However, Prenuptial Agreements get a bad rap since their real purpose is to avoid future disputes rather than to create present conflict.
Many family offices are in a period of change. New family offices continue to emerge; established family offices are shifting strategies and service models. Macroeconomic factors and the perpetually pending market downturn loom over daily operations. In a volatile environment, management liability insurance, such as Professional Liability (E&O), Directors and Officers Liability (D&O), Crime, and Cyber Liability have more value in perpetuating family legacy than in years past.In this webinar, we explored:
One of – if not THE – most essential skills necessary in our profession is the ability to influence the outcome of our interactions with clients and colleagues. Ultimately, we need to be aware of the human element of business if we want to achieve our intended results. In this session, we explored how to navigate difficult conversations – whether giving feedback, making an important request, or giving bad news to a client – by focusing on the emotional variables at play.Learning Objectives: