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Responsibilities and Risks as the Family’s Trustee
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Poor trust risk management and family disunity remain major if not the major threats to families seeking to remain together from generation to generation. Often embraced hesitantly by families, the most important risk management actions are basic and logical, only requiring families to understand and commit to them. Communication is often the key to both trust risk management and overcoming family disunity.Attendees will learn:

The Trustee Risk Crisis and Its Impact on Finding/Selecting the Best Trustees
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Private Trust Companies were created and constantly evolve to meet the needs of wealthy families for trustees not adequately met by the traditional alternatives of institutional and individual trustees. The foundations for choosing the right trustee for a family are(i) identifying the role they need their trustee to play, and(ii) understanding the strengths and weaknesses of each type of trustee for filling that role.

Supervision and Examination of PFTCs
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Regulated PFTC’s are licensed and supervised by state banking regulators. In exchange, families are given the only non-federal, permanent corporate/LLC charter allowing them to provide trust services and, without registration with the SEC, act as an investment adviser. The main price they pay is the burden of state regulations and examinations. This session makes transparent the supervisory regime.Attendees will learn:

Don’t Start at Square One – Implementing Technology
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Join this session to hear a family office’s first-hand account of implementing new general ledger and CRM technologies. The Duchossois Group family office joins consultants from Infograte, Hale Solutions and Sikich LLP to share highlights and lessons learned from the project.

Reporting Realities: Overcoming Today’s Biggest Challenges
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To make decisions about the future, families need reports that provide a full view of their integrated risk exposure and their allocation across all family entities. Yet such aggregate reports remain the elusive Holy Grail of our industry. It is often promised by product providers, but product capabilities often still fall short of expectations.

Tax and Estate Update*
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In our most in-demand session, experts will share the latest updates in estate laws and taxes that family office executives need to watch for in 2014 and beyond.

Fiduciary Trends and Best Practices
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Presented at FOX Regional Member Briefing June 26, 2014, our host BNY Mellon's Joe Samulski presents on the topic Fiduciary Trends and Best Practices.

June 16, 2014 Regional Member Briefing Presentation: Perspectives on Legacy: Managing Family Dynamics and Wealth’s Human Impact
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Perspectives on Legacy: Managing Family Dynamics and Wealth’s Human ImpactArne Boudewyn, Managing Director, Abbot Downing Building and preserving a family legacy requires attention to not only financial capital but also human, intellectual and social capital. It is the dynamic interdependence of these elements that ultimately influences successful wealth transfer across generations.