2012 Fall Forum Agenda


Tuesday, October 23

This morning is reserved for family members, family office executives and Thought Leaders Council members only. All advisor members join at the 12:00 p.m. All Member Lunch.

7:30 a.m.  Breakfast
8:30 a.m.  Opening Comments 
Alexandre Monnier, President, Family Office Exchange
9:00 a.m. Taking the Long-Term View for Developing a Family Wealth Strategy 
Sara Hamilton, CEO and Founder, Family Office Exchange, Neil McKay, Chief Executive, Todd Family Office, and Peter O'Neill, Director of Rockefeller Financial

This opening session will provide a framework for taking a long-term view of family opportunities and challenges. Sara Hamilton, representing the Thought Leaders Summit participants, will describe the three-part framework they developed in May and provide insights on how families view their long-term goals as they relate to wealth strategy and family legacy.
Peter O’Neill, director of Rockefeller Financial and former chair of the Rockefeller Family Council, will explain how the Rockefeller family goes about staying connected and informed, and makes decisions to support the diverse interests of the five living generations of their family.
Neil McKay, chief executive for the family office that serves the fifth through seventh generations of New Zealand’s Todd family, will share his recent experiences with the family’s intergenerational transition. Find out what he and the family office team learned as they carried out a strategic planning process designed to map the future goals and financial alternatives for the Todd family enterprise. 
10:15 a.m. Break
10:30 a.m. Peer Dialogue 
One of the most valuable benefits of the Forum is the opportunity for private peer discussion. Participants self-select into the session that fits their role the best:

  • Owners and Family Members
  • Executives for Offices for Families with Operating Businesses
  • Executives of Small Offices (1-5 employees)
  • Executives of Medium Offices (6-15 employees)
  • Executives of Large Offices (16+ employees)
  • Thought Leaders Council
12:00 p.m. All Members Lunch 
Advisor members join Family Office and Thought Leaders Council members 
1:00 p.m.  All Members Welcome 

Lunch Session

Perspectives on Long-Term Wealth Sustainability
Charles B Grace, III, Senior Consultant, Family Office Exchange, Paul R. Judy, Wealth Owner, W. Jackson Parham, Jr., Chief Investment Officer, Eton Advisors

Creating and maintaining wealth with a long-term view is not an easy proposition. Jack Parham will discuss the difficulties families face in shifting from concentrated, wealth-creating portfolios to diversified, wealth-sustaining portfolios. Along with smart investments and suitable strategies, investors should tackle behavioral considerations to be successful. Paul Judy, a sophisticated first generation wealth owner, will recount some lessons learned about creating and sustaining wealth, setting investment goals, engaging family members and advisors in these endeavors, and also share some thoughts on challenges he expects going forward. 

  Overview of Afternoon Learning Tracks 
Forum attendees have the option of following one of four topical education tracks or to select sessions from different tracks
2:15 p.m.

Track 1: Investing for Long-Term Impact 
Sponsored by: Abbot Downing

The Goals-Based Investing Advantage 
Jean Brunel, Managing Principal, Brunel Associates LLC and Stephen Campisi, Director of Institutional Wealth, U.S. Trust, Bank of America Private Wealth Management
One of the trends we’ve seen in response to the volatility of the markets in recent years has been for private investors to rethink how they define investment objectives through a goals-based approach. Families are actively articulating and measuring their investment profile in terms of their personal financial goals, rather than in terms of market benchmarks. Goals-based investing can also supplement more traditional approaches.  
This sounds good in theory, but what does it mean in practice? This session goes beyond the basics, drawing on examples from families’ experiences to illustrate what a goals-based investment philosophy looks like, as well as to examine issues related to implementation.

Track 2: Measuring Family Office Value

Empowering the Board to Evaluate Performance 
Sara Hamilton, CEO and Founder and Mariann Mihailidis, Managing Director, Councils, Family Office Exchange

A challenge for many wealth owners is understanding how to assess the costs and value of the family office. For family office executives, the challenge is how to communicate the work being done through the office.  Measuring performance and value starts with having clearly defined goals.  This session provides family members and family office executives a framework to determine and communicate the 7 critical issues managed through the family office.   You will also be provided highlights of the 2012 family office benchmarking study including a review of compensation trends.  Gain new perspective as Mariann and Sara share tools for effective communication and assessment of family office performance. 

Track 3: Enhancing Family Leadership

Developing a Roadmap for Successful Family Leadership Transitions 
Karen Neal, Managing Director, Consulting, Family Office Exchange and Margaret Vaughan Robinson, Senior Consultant, Family Office Exchange
Leadership succession is perhaps the most uniquely challenging issue a family faces. It transcends the business of wealth management to touch on personal issues of family dynamics and engagement. It is for this reason that you need a clear, transparent and understandable plan for making a change in leadership, one that helps you balance preserving your legacy with preserving family harmony. In this session, you will find the roadmap that will help you to create that plan.

Track 4: Encouraging Entrepreneurship

Supporting Entrepreneurs in Your Family – Part I 
Ann Dugan, Founder, Institute for Entrepreneurial Excellence, part of the Joseph M. Katz Graduate School
of Business at the University of Pittsburgh and Dirk Jungé, Chairman and Chief Executive Officer, Pitcairn
Family leaders are finding that to cultivate family members’ interests, talents, dreams and careers to their fullest potential, they need to constantly develop new strategies, new roles, and new understandings. By tapping into the same entrepreneurial spirit that was responsible for the success of the original operating businesses, families can find the innovation they need to address today’s challenges and create new opportunities. Find out how to capture these family strategic advantages that lead to opportunities for today and tomorrow.

This two-part session explains: 

  • What being entrepreneurial is truly about
  • How to develop a culture that embraces and builds upon the family roots in entrepreneurship
  • How to identify and foster entrepreneurial traits in individuals
  • How and when to encourage entrepreneurship
  • How to set up pathways to allow the next generation to step forward
3:30 p.m. Break
4:00 p.m. 

Track 1: Investing for Long-Term Impact
Sponsored by: Abbot Downing
Impact Investing in Context
Moderator: Mary Mewha, Senior Vice President & Regional Managing Director, Abbot Downing
Panelists: John V. Jonson, Managing Director and Partner, Capricorn Investment Group, LLC, Luther Ragin, CEO, Global Impact Investing Network and Julia Sze, Managing Director, Sonen Capital, LLC
It is estimated that by 2020 between $400 billion and $1 trillion dollars will be invested through Impact Investing. Clearly this new approach to influencing positive social and environmental changes has far-reaching implications. This session explores the nuances related to the unique position impact investing occupies, somewhere between non-traditional philanthropic and market-driven motives. It also examines the related challenges around benchmarking and investment performance tracking especially for the non-investment social and environmental component. 

Track 2: Measuring Family Office Value

Succession Planning for Family Office Management 
Jill Barber, Chief Client Service Officer, Cymi, Ltd. and Drew McMorrow, President, Ballentine Partners, LLC

As the baby boomers retire, many family office and multi-family office executives in key roles who have served the same clients for years will be leaving their roles.  This change has significant implications for family members who lean on these leaders for insight and comprehensive knowledge of the family’s interests, advisors who look to them to coordinate services and the staff who rely on their leadership.  A family office and multi -family office executive share their experiences in preparing  and implementing for these crucial transitions to ensure service continuity.


Track 3: Enhancing Family Leadership

Selecting a Trustee: Five Steps to a Successful Relationship 
Mariann Mihailidis, Managing Director, Councils, Family Office Exchange and Bill Sanderson, Associate, McGuireWoods LLP

The trustee and beneficiary relationship has great potential to be personally rewarding for both parties. It can also be very challenging. The path for success starts with some crucial conversations about what’s involved in the trustee role. But that’s just the starting point. In this session, you will learn the five critical steps that grantors, beneficiaries and trustees must take to ensure each party is educated, engaged and accountable.  Gain insight on the elements needed for a successful trust and personal satisfaction of all parties involved.

Track 4: Encouraging Entrepreneurship

Supporting Entrepreneurs in Your Family – Part II 

5:15 p.m. Wrap up and Adjourn
6:30 p.m. All Member Reception and Dinner
Lion House and Cafe Brauer - Lincoln Park Zoo



Wednesday, October 24

7:30 a.m.

Sponsored by Nuveen Investments

8:30 a.m.
A View from FOX
Sara Hamilton, CEO and Founder, Family Office Exchange
9:00 a.m.
The Substance, Drama and Consequence of Modern Politics
Keynote Speaker: Mark Halperin, Senior Political Analyst, MSNBC and TIME Magazine and Co-Author, Game Change 
The bickering and partisanship in Washington today has both national and international implications. What is motivating this divisiveness and what is the likelihood of notable improvement in the future? With less than two weeks to go before the 2012 presidential election, Mark Halperin, best-selling author, senior editor at TIME and sought after political commentator, will share his insights on what happens behind the scenes in today’s politics and the drivers that affect elections. Importantly, he will also share his views on the consequences of the stalemates and vilifications that seem to dominate politics today.
10:00 a.m. Break
10:30 a.m.
The Impact of Mega-Trends on Markets
W. Ben Hunt, Ph.D, Portfolio Manager,TIG Advisors, LLC 
Ben Hunt analyzes the impact of politics on markets. Ben will spell out what the global debt crisis and other “mega trends” means for portfolio construction, based on his beliefs that risk is mispriced everywhere, that traditional investment strategies are largely ineffective, and that this is not a temporary or short-lived phenomenon. He will highlight in particular how government intervention around the world is changing the “rules of the game”, creating both existential threats as well as once-in-a-generation opportunities for the companies that must operate within these rules. 
11:30 a.m.
Global Readiness: Challenges for Our Youth
Dr. Richard Haass, President, Council on Foreign Relations
Richard Haass raises the conversation about the global challenges for the younger generations in the new century. Factors such as global population growth will mean expanding markets and increased global competition. In this session, learn what families and advisors need to consider as they prepare young people to be competitive in order to maintain the standards of living that their parents have had.
12:30 p.m. Lunch
1:00 p.m. Lunch Session 

The Importance of Private Capital
Gregory D. Curtis, Founder and Chairman, Greycourt & Co., Inc.

”The building of wealth, the management of wealth, and the deployment of wealth are activities that lie at the heart of what has made America great.” Gregory Curtis

Greg Curtis will present some of the guiding principles from his new book, “The Stewardship of Wealth.”  He will explore the crucial role that private wealth has played in providing the resilience and creativity needed for America’s remarkable economic and cultural success over time. Greg explains why it’s essential to manage private capital properly, citing reasons that go beyond the interests of the founding families who possess the wealth. At the end of this session, you will have new respect for the important role of private capital in a democratic society, and better understand how good stewardship is a strategic advantage. 

Those that attend this session will receive a copy of Greg's book, "The Stewardship of Wealth", graciously sponsored by Video Family Biographies.

2:00 p.m. Closing Comments and Adjourn