2016 FOX Fall Forum Agenda

Wednesday, November 2

This day is reserved for family members, family office executives, and Thought Leaders Council members.

9:30 a.m. Registration
10:30 a.m.

First Time Attendee Orientation and Networking Session

Attending a conference with your closest peers is a tremendous networking opportunity, so how do you make the most of it? Networking is a great way to quickly and efficiently get to know your fellow Forum attendees. FOX staff will be on hand to make this a warm welcome to the 2016 Fall Forum.

12:30 p.m. Luncheon
2:00 p.m.

Family Seminars - Choose one of the following four seminars:

Seminar 1

Bringing the Family Enterprise to Life

Presenters: Sara Hamilton, Founder and CEO, Family Office Exchange; Ann Dugan, Senior Managing Director of Consulting, Family Office Exchange; Margaret Vaughan, Founder and President, MCV Consulting

Enterprise families typically require numerous family members to oversee multiple businesses, multiple properties, and multiple trusts. The management of these entities calls for a sophisticated and dynamic enterprise model that incorporates and builds upon the family’s guiding principles and future vision. This seminar will explore how to get family members engaged in the enterprise model by looking at how others have approached:

• Developing the best family enterprise model for the family
• Defining and shaping the goals for the enterprise plan
• Developing strategies and action plans for strengthening the family enterprise

Small groups will provide the opportunity to learn and share with others in a confidential setting, as well as to develop personal timelines and action plans.

This session is limited to families and office executives only.



Seminar 2

Impact Investing Across Asset Classes: From Strategy to Execution

Presenters: Temple Fennell, Co-Director, Harvard Kennedy School and Board Member, Keller Enterprises, LLC; James Gifford, PhD, Senior Fellow, Initiative for Responsible Investment, Harvard Kennedy School

Impact investing is gaining significant momentum in the family office community, with families investing the majority of the more than $60 billion allocated to impact fund strategies. This three-hour seminar will provide a high-level overview of the key elements of impact investing for family offices across asset classes. Topics discussed will include: rationale for impact investing, developing a strategy, selecting themes and areas of focus, understanding the product landscape, the different approaches for different asset classes, engaging the right advisors and building a team, executing the strategy, evaluating impact, understanding the returns question, and building support across the family, family office, and foundation staff.

You will walk away with clear on-ramps, a product landscape and a roadmap for engaging in impact investing within a family office.

Seminar 3

Managing Conflict: Triggers and Self-Tempering

Presenters: Ann L. Begler, Founder and Principal, The Begler Group; Randolph B. Godshall, Partner, Tax and Estate Planning Practice Group, Sheppard, Mullin, Richter & Hampton LLP

Randolph B. Godshall will speak from his experience as a respected litigator about family-conflict litigation and how to avoid such legal wrangles by working through differences in perspectives. Randolph will reference his extensive client work to identify proactive and preventative strategies and tactics to better understand the root causes. Ann Begler will build on Randolph’s foundation and explain the psychological underpinnings that impact individuals in different ways and how they contribute to inevitable family conflict. Conflict is a regular and ever present part of our everyday lives. Whether it’s a mild disagreement between a parent and child, stressful conversations among a group of siblings or a fractious board meeting that goes on for hours, the intensity of being or feeling at odds is something we can’t escape. Fortunately, conflict doesn’t have to be divisive. When we build a deeper understanding about conflict, heighten our awareness of when conflict is emerging, and build skill to choose how we, as people, can effectively respond, we gain opportunities to shift conflict away from destruction and toward real value - value in the present and value that builds toward a sustainable positive future.

This seminar will involve small group work as well as sharing how one can better understand what they can do to move from conflict to constructive outcomes.

5:00 p.m. Adjournment
6:00 p.m.

Rising Generation of Leaders Reception

For family members in their 20’s-40’s who are aspiring leaders within their family’s enterprise.

Hosted By: Heather Abramson, Senior Relationship Manager; Meghan Clarke, International Relationship Manager; Amy Hart Clyne, Executive Director, Knowledge Center, Family Office Exchange

6:00 p.m.

International Reception

For family members, office executives, and FOX Thought Leader Council Members joining the Forum from outside of the U.S.

Hosted By: Sara Hamilton, Founder and CEO; Charles Grace, Managing Director; Patience Marmer, Senior Relationship Manager

7:00 p.m. Cocktail Reception and Dinner for Family Members, Office Executives, and FOX Thought Leaders Council Members
JW Marriott





Thursday, November 3

7:30 a.m. Breakfast & Registration
8:30 a.m. Welcome
8:45 a.m.

Strengthening the Partnership Team Between Families and Advisors

Presenters: Francesco D'Amico, Executive Committee, Quilvest Switzerland Ltd.; Bryan Dunn, CEO, Kinship Trust Company; Dennis Wright, AEP®, ChFC®, CLU®, Principal and Managing Director, The Wellspring Group; Amy Hart Clyne, Executive Director, Knowledge Center; David Toth, Director of Advisor Research, Family Office Exchange with a panel of FOX Families

Strong partnerships between families and their advisors better prepare them to take on complex issues and navigate transitions. Family Office Exchange has undertaken ground-breaking research focused on how these great partnerships are formed. The research chronicles the work of families and advisors who have effectively transformed their numerous and complex relationships into highly productive partnerships. Amy Hart Clyne will lead a panel of families and advisors that will bring these stories to life along their journey to secure family engagement and unity for generations to come.

9:45 a.m. Networking Break
10:15 a.m.

The Importance of Private Capital: Insights from a Well-Known Investor and Philanthropist

Presenters: Mellody Hobson, President, Ariel Investments, Board Chair for DreamWorks Animation SKG, Inc.; Sara Hamilton, Founder & CEO, Family Office Exchange

Emotions are at an all-time high this election, but no matter who is voted into office, our investment goals aren't likely to change much. What's important is how we invest and where each of us focus our energies in the coming years. Our keynote conversation this year is with a recognized investor and supporter of social causes, Mellody Hobson, who will share her insights on investing for the long-term and using family resources for philanthropic impact.  Her remarkable accomplishments have catapulted her to lead one of the largest money management firms in the United States. She is also nationally known as an advocate for financial literacy and education reform, while also serving on the boards of some of America's most successful and well-known companies.

Ariel Investments President Mellody Hobson joins FOX Founder Sara Hamilton in a fireside chat, discussing her patient investment philosophy and the many ways families can collaborate to make the world a better place in the coming decades.

11:15 a.m.
Understanding Dynamic Geopolitical Events and Risks

Presenter: Michael Hayden, Retired U.S. Air Force General, Principal with The Chertoff Group, former Director of the Central Intelligence Agency and former Director of the National Security Agency

In order to effectively reduce their risk profiles, families of wealth must understand how they may be impacted by geopolitical events. General Hayden is uniquely positioned to bring the level of sophisticated insights families and their advisors need to build a comprehensive view of global risk. In this session, General Hayden will explore the tectonic shifts affecting the world today and how they are changing. He will give special attention to worldwide intelligence and cybersecurity, exploring how cybersecurity has evolved, what guidance is needed, and the implications expected from the new political landscape.

NOTE: Time will be reserved at the end of this session to address individual questions. Attendees are encouraged to come prepared to take advantage of this rare opportunity to tap into General Hayden’s deep knowledge and vast experience.

12:15 p.m. Luncheon
1:30 p.m.

Family Peer Dialogue Sessions

• Wealth Owners
• Executives of Business-Centric Families
• Executives of Small Family Offices (1-5 Employees)
• Executives of Medium Family Offices (6-15 Employees)
• Executives of Large Family Offices (16+ Employees)


Advisor Member Dialogue Session

• Assessing High Impact Trends in the Family Office Industry (All Advisors)

Facilitators: Alexandre Monnier, President; Karen Rush, Director of Membership; David Toth, Director of Advisor Research, Family Office Exchange

2:45 p.m. Networking Break
3:00 p.m.

Breakout Sessions - Track 1
All sessions in this time block will be repeated at 4:15 p.m.

Breakout 1

Family & Business History: A Gift to Future Generations of Your Family

Presenter: Andy Anderson, Executive Vice President and Chief Historian, Wells Fargo & Company

Andy Anderson and his team at Wells Fargo have found that wealthy families are interested in the details of their family histories, not so much to boast about their great business success or to impress their descendants, but to demonstrate that family wealth came with profound dedication, an immense amount of hard work, and often great sacrifice. In this session, Andy will share how weaving together the family story can spur emotional and psychological connections, inspire future generations, and lessen the “shirtsleeves to shirtsleeves in three generations” effect. He will explain how he uncovers family histories by tracing DNA and cultural roots and packages them together as gifts for future generations to treasure.

Breakout 2

The Business Owner’s Journey: Experiences Shared and Lessons Learned

Moderator: Karen Reynolds Sharkey, National Business Owner Strategy Executive, U.S. Trust
Panelists: Mitch Drossman, National Director of Wealth Planning Strategies, U.S. Trust; Kurt Kovalick, Managing Director, Bank of America Merrill Lynch; Barbara Roberts, Entrepreneur in Residence, Columbia Business Schoo

Giving up company ownership can be the largest and most important step in a business owner’s career and many successful entrepreneurs are not well prepared to take it. In this break-out, the panel will delve into former business owners’ journeys, providing insights and strategies for the challenges business owners face when deciding what the next step is for their business, whether that means selling the company or transferring it to the next generation. This panel will feature the recently released Columbia Business School and U.S. Trust commissioned white paper: The Owner’s Journey. In addition, panelists will discuss the various personal planning techniques to consider when embarking on a sale of your business, how to prepare for it, along with potential pitfalls.

Breakout 3

Understanding and Addressing the Wealth Gap: Engaging in Constructive Dialogue

Moderator: Amy Hart Clyne, Executive Director, Knowledge Center, Family Office Exchange
Presenters: Peter Karoff, Founder, and Leslie Pine, Managing Partner, The Philanthropic Initiative

The dynamics surrounding issues of wealth – including income inequality, economic mobility, and the tension between public and private personas – are often tricky to manage, especially in the current toxic sociopolitical climate. While there is no “right” answer, discussions with peers can be an important starting point for those grappling with these issues. Peter Karoff and Leslie Pine will reflect on recent discussions with families and others on what it means to be wealthy in our society today, including implications for the next generation. The session will engage participants in constructive dialogue about the wealth divide, public vs. private persona, and roles of philanthropy.

Breakout 4

Focus Group on Family Education: What’s Working and What’s Not

Presenters: Sara Hamilton, Founder & CEO, Family Office Exchange; Stephen Martiros, Founder & CEO, Financial Building Blocks

Sara Hamilton and Steve Martiros will lead an interactive session on how family offices are supporting Family Education programs.  We will draw from the experiences of the attendees to discuss what has been working in family education, and perhaps more relevant, what has not been working.  We will share some possible approaches and ask for feedback on what you think are the most important topics for financial literacy for rising generations. Topics to be discussed are subject matter topics, methods of learning, time commitment, and age groups.

Breakout 5

Maximizing the Partnership with Your Investment Consultant

Moderator: Charles Grace, Managing Director, Family Office Exchange
Panelists: KC Connors, CFA, CAIA, Partner with NEPC; Karen Harding, CFA, Managing Director, CTC|myCFO; Daniel C. Tarlas, CFA, Senior Managing Director, Asset Consulting Group LLC

How do you get on the right track during the investment consultant due diligence process and thereafter to optimize the advisor and client relationship? Aligning the advisory relationship with a family’s objectives is critical to success and as much an art as a science. Certain families don’t realize they have the ability to design and customize a relationship that best suits them. Much of the tone can be set at the outset when simulating the client experience before a family even signs a service contract. There are also techniques to reset the client and advisor relationship though candid dialogue between the parties. This session will explore issues around discretion and investment decision-making, reporting formats, structuring of the service team, and pricing, among others. Concrete steps and examples will be explored.

Breakout 6

Highlights from the 2016 FOX Compensation and Benefits Survey

Presenters: Bruce Benesh, Partner-in-Charge, Grant Thornton; Jane Flanagan, Managing Director, Family Office Exchange

Offering a competitive compensation plan is essential to attracting and retaining the top talent that can ensure the family office’s success. However, compensation is also consistently the biggest line item in every family office budget. This makes designing compensation plans that are competitive and effective especially imperative. Jane Flanagan and Bruce Benesh will share findings from this year’s FOX Compensation & Benefits Survey, providing an update on trends in family office compensation along with the peer perspective necessary to benchmark, design, and plan for maximum return on investment.

4:00 p.m. Networking Break
4:15 p.m.

Breakout Sessions - Track 2
All sessions from the 3:00 p.m. time block will be repeated at 4:15 p.m.

Breakout 1: Family & Business History: A Gift to Your Family’s Future Generations
Breakout 2: The Business Owner’s Journey: Experiences Shared and Lessons Learned
Breakout 3: Understanding and Addressing the Wealth Gap: Engaging in Constructive
Breakout 4: Designing an Owner Education Curriculum
Breakout 5: Maximizing the Partnership with Your Investment Consultant
Breakout 6: Highlights from the 2016 FOX Compensation and Benefits Survey

5:15 p.m. Adjourn
7:00 p.m.

All Member Reception and Dinner

This year’s All Member Dinner will take place at the modern, sleek Venue SIX10, an environmentally sustainable building along Chicago’s famed Michigan Avenue featuring a state-of-the-art design and amenities. Attendees will enjoy unparalleled views of everything from Lake Michigan to Soldier Field to Millennium Park.

Venue SIX10 - 9th Floor
610 S Michigan Ave
Chicago, IL 60605






Friday, November 4

8:00 a.m. Breakfast
9:00 a.m.

FOX Trends and Insights

Presenter: Alexandre Monnier, President, Family Office Exchange

A critical element of Family Office Exchange’s work is to identify trends and issues that have immediate and future impact on families of wealth. As such, Alexandre is pleased to share the trends emerging in the family wealth industry and how these trends will impact families today and well into the future, what families will need to do to prepare for these inevitabilities, and how these trends link to the family/advisor partnership mindset.

9:45 a.m.

Engaging with Purpose: Health, Wealth, Wellness

Panelists: Jennifer Farrington, President and CEO, Chicago Children’s Museum; Amy Francetic, Senior Vice President, New Ventures and Corporate Affairs, Invenergy; Julie Tracy, Co-Founder and Executive Director, Urban Autism Solutions / JMTF

Moderator: Julie Shafer, Head of Strategic Philanthropy & Purpose Investments, Family Wealth Advisors, Bank of the West/BNP Paribas Group

Many of us struggle to identify the ways in which we can affect change in the world. It is obvious and easy to some, yet daunting to others. This panel will explore insights to enlighten, educate, inspire and motivate the audience in the quest for living an engaged and purposeful life by sharing their own experiences philanthropic action prompted by a health crisis, investing using a socially responsible approach, and through community involvement. This conversation will explore the directions, challenges and opportunities faced when taking on purposeful philanthropic actions and building socially responsible businesses.

10:45 a.m. Networking Break
11:00 a.m.

A New Legacy: Why and How Leading Families of Wealth Use Impact Investing

Presenter: Julia Balandina Jacquier, PhD, CFA, Founder and Managing Director, JBJ Consult

Moderator: Jacquelyn VanderBrug, Managing Director, U.S. Trust, Bank of America

A growing number of wealth owners around the world are actively involved in impact investing, supporting innovative, commercially viable solutions that drive transformation into a more just and sustainable society. In her new study, Catalyzing Wealth For Change, A Guide to Impact Investing for ultra-high net worth individuals, family offices, foundations and businesses, Dr. Balandina Jacquier explains the field, and provides the insights needed to make informed, confident decisions. Study sponsor and Impact Investing expert, Jacquelyn VanderBrug, will moderate the session and offer advice to move participants from inquiry to action.

12:00 p.m.

Trends to Watch: Understanding the Innovation Revolution

Presenter: Mark Hatch, Hatch Enterprises, Author of The Maker Movement Manifesto

There are a number of trends enabling innovators in ways and at speeds never before experienced. Today’s creators are enabled to develop innovative products, manufacture them, and get them to market at an unprecedented pace. What is known as the “Maker Movement” is empowering thousands of innovative revolutionaries throughout the country. Mark Hatch, author of The Maker Movement Manifesto, will share how advanced manufacturing, crowd-funding, the collaborative economy, and on-line markets as well as the trend towards artificial intelligence and virtual and augmented reality are paving the way for individuals to create, innovate, and generate wealth for themselves and their investors. Mark will chronicle the revolution and how these innovators are impacting positive societal change with nothing more than their own creativity and hard work.

12:45 p.m.

Closing Remarks and Adjournment

Presenter: Alexandre Monnier, President, Family Office Exchange