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 2017 FOX Family Office Study explored several key components of family office operations such as cost, governance structure, education and client experience. Join FOX’s Director of Research, Monica Staco, who shared the perspective of 103 family office executives on the elements driving success in a family office. She also shed light on best practices to assess and demonstrate the value of a family office.
FOX Event Replay
Resource Search
Increasingly, companies of all stripes are being stressed to manage their reputations in a world that is always on, more social, and more contentious than ever. The problems faced can be even more challenging for family-owned businesses. Family members and businesses are increasingly asked to take stands on social concerns and political issues by the media, community leaders, and employees. Meanwhile, family members’ personal preferences and actions are exposed on the worldwide stage for public scrutiny, placing family reputations on the line.
The most important risk to a family is not meeting your goals, not loss in your portfolio, according to Ashvin Chhabra, author of The Aspirational Investor and the landmark paper Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors. Ashvin will offer a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.
Imagine what the year 2030 might look like for you and the people you serve. What key trends must be watched as we anticipate the world over the next 10 to 15 years? As a community dedicated to providing for families of substantial wealth, what can we do today to not only plan for, but also influence our shared future? How can we focus our thinking and our efforts? These are some of the questions explored at the 2017 FOX Thought Leaders Council Summit. In this session, you will examine the 4 key themes that surfaced as high-priority and require immediate attention.
Changing Course: The Fink Family’s Journey From Business Innovators to Impact Investors
Publish Date
Long before they were founders of Priceline.com, Betsy and Jesse Fink shared a passion for environmental solutions. Post IPO, they chose to focus more deeply on their early interests by building an integrated, systemic approach for identifying and solving environmental issues. They also became early adopters and field builders of venture philanthropy and impact investing. Betsy and Jesse will share stories and lessons learned from starting an impact investment firm (MissionPoint Partners), creating a sustainable farm (Millstone), and starting a U.S.
When FOX member Elizabeth Carlock Phillips assumed leadership of the Phillips Foundation in 2013, she and the trustees moved deliberately and with great passion to re-align the corpus as well as the grant-making function of the foundation with their family values. In order to do so, she sought out new relationships with impact-oriented financial advisers and other experts to help achieve the family’s goals.
BREAKOUT 2: Age Healthy, Wealthy & Wise
Publish Date
Longevity is a gift only if you know how to use it. Covie will share insights from vibrant elders about the factors that allowed them to design meaningful later lives as well as the best practices that each of us can put in place today to ensure that our aging impacts our families more positively than negatively.Covie will lead us through a planning process to help families get started, based on how she has observed other families successfully navigate the longevity journey.
Like the Fink Family, a growing number of families are investing directly into impact companies and for good reason. There are great investment opportunities and investors can pick the specific type of positive impact they would like to see (sustainable fishery, renewable energy, financial inclusion, etc.). But investing directly into companies efficiently and effectively requires a different acumen and infrastructure than investing in public markets.
Learn how non-family business executives can lead discussions on succession and why you may want to facilitate this process. In this session, Charlie and Jonathan will share data and case studies from successful (and unsuccessful) successions at leading family enterprises and engage in a group discussion to help answer the following questions:
Families of exceptional wealth enjoy abundant resources to achieve family goals, but also face peculiar, idiosyncratic risks not easily managed through traditional means. This session explores a framework for managing those risks while taking advantage of the unique edge which families can have over other investors.