Executive Council '04 - March 2018


Wednesday, March 14, 2018 - 6:00pm to Friday, March 16, 2018 - 1:00pm


The FOX Executive Council '04 is comprised of CEOs of the largest, most sophisticated multi-generational family offices in the U.S. pursuing the best practices for complex family enterprises.

The purpose of this council is to elevate the professional and personal performance of these executives and therefore enhance the operation of the broader family enterprise and long term well-being of the family.

Each Council works from a FOX developed curriculum that is tailored to the needs of the Council. Meetings include content from the curriculum as well as specific topics and discussions requested by the Council members. FOX provides the appropriate internal and external resources for lively, fruitful meetings.

  • Agenda

Host: Family Office Exchange

Boca Raton, Florida


Wednesday, March 14, 2018


6:00 PM


Optional / Casual Dinner for Council Members

Thursday, March 15, 2018

8:00 a.m.



8:25 a.m.



8:30 a.m.


Age Healthy, Wealthy & Wise

Longevity is a gift only if you know how to use it. The speaker 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. 

The speaker 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.

10:00 a.m.



10:15 a.m.


Executive Dialogue

Facilitated by Mariann Mihailidis, Managing Director,
Family Office Exchange

12:15 p.m.



1:30 p.m.


Tax Reform

This session will outline the latest tax developments and planning opportunities for 2018 and beyond.  Our expert speakers will comment on recent tax law changes at the time of the session and outline practical strategies for making the most of the current tax climate.  Topics were identified from a subgroup of Council members so the session covers provisions that are related to all of you.


2:45 p.m.




3:00 p.m.


Tax Reform Group Discussion

Facilitated by Mariann Mihailidis, Family Office Exchange

Now that everyone has had time to digest the new tax bill and heard from the experts, we will have an interactive discussion with your peers to share creative planning ideas you are considering or have completed under the new bill.  Consider:

  • How are other FO’s dealing with the lost deduction for investment management fees?
  • Are FO’s considering a conversion to a C-Corp to take advantage of the reduced Corp tax rates? 
  • With the increase in the exemption equivalent, will you be making any large gifts soon or will you wait to use the exemption?  Are you concerned that we may see the exemption decreased by legislation before the 2025 sunset?  Do you have concerns with a claw back of the exemption if used but later reduced?
  • Impact on passthrough loss limitation rules to family offices structured as a pass through
  • How does the Lender case affect carried interest and profit interests structure? 
  • Deductibility of trust expenses under the new law (i.e. trustee fees, accounting fees, taxes, etc.)
  • Meals and Entertainment expenses under the new law
  • Key planning points/ideas for wealthy individuals and trusts that have historically been AMT taxpayers
  • Impact on NII of elimination of investment expense deductions
  • Other Topics


4:30 p.m.




6:00 p.m.


Council Dinner (Council Members)


Friday, March 16, 2018


8:00 a.m.




8:30 a.m.


What is Managing Down?

Greg McCann, Former Director of Stetson University's Executive Masters of Business Administration (EMBA) program, McCann & Associates

A conscious approach towards working with people towards goals you both care about-when you are in a position of authority over you. This workshop will be applying the leadership agility framework to the artful skill of managing down (self-awareness, empathy, framing, and innovation (i.e. creating value from change). Dialog, application, and take-aways will be central to this session.






11:00 a.m.








11:15 a.m.


Reverse Mentoring

In this session, the speaker will explain the concept and goal of reverse mentoring.  She will also provide compelling insights from her time working directly with her CEO, as well as from the data and insights they gleaned from fellow participants in the program. In addition, she’ll provide a glimpse as to what the employer-employee relationship of the future could look like and how reverse mentoring program may benefit members of the FOX community.


12:30 p.m.


  • Key Takeaways from the Meeting
  • Profiles of Members who would Enrich the Council
  • Topics for the Next Meeting

1:00 p.m.


Meeting Adjourned




*** Business casual attire for meeting **