Surveying the Risk and Threat Landscape to Family Offices: Insights and Recommendations

Overview

The key to success of any risk management plan is the development of an “all risk” approach that takes the entire family enterprise into account. Through a survey of more than 200 family office executives at single and multi-family offices, an uncovering of some worrying approaches has surfaced around the risks that family offices face, particularly cyber risk, family-related risk, investment risk, and employment-related/insider risks. These findings open new areas to evaluate and present opportunities—including practical tips and recommendations—for families and vendors to address risk more effectively.

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