Executive Council '14 - October 3-5 2018


Wednesday, October 3, 2018 - 3:00pm to Friday, October 5, 2018 - 11:30am


The FOX Executive Council '14 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: FOX Member



Boston, MA


Wednesday, October 3, 2018




3:00 p.m.


Group Outing


6:00 p.m.


Optional / Casual Dinner  




Thursday, October 4, 2018




8:00 a.m.






8:30 a.m.


Welcome and Expectations of Council Members

Facilitated by Mariann Mihailidis, Family Office Exchange

Interactive group conversation to discuss expectations of the members of the Council group and commitment to active participation.   The goal of this discussion is to have an agreement among the group of the expectations and commitments of each Council member to one another and to FOX.  (samples to be provided as pre-reading)




9:15 a.m.


Estate Plan Preparedness and Wealth Transfer Exercise

One of FOX’s prominent family offices just completed a mock death audit.  The CEO/CIO of that office will share the reasons why they decided to conduct the audit, the process, the partners that worked with them and the results.  




10:15 a.m.






10:30 a.m.


Age Healthy, Wealthy & Wise

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

She 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.




12:00 p.m.


Working Lunch - Qualified Economic Opportunity Zones

John Balboni and Daniel Ryan, Sullivan & Worcester Office




1:00 p.m.


Executive Dialogue

Facilitated by Mariann Mihailidis, Family Office Exchange




3:15 p.m.






3:30 p.m.


Keys To Making Joint Family Property Ownership Stress-Free 

Family joint property ownership can be rewarding on both economic and personal levels. But without adequate preparation and organization, these arrangements can strain the often-complex relationships among family members in unexpected ways. The most common mistake of family co-owners is to assume that their close bonds and intimate familiarity will enable them to more-easily work through any problems that arise during the course of their co-ownership. In fact, the opposite is more generally true: the personal relationships make it more difficult to resolve issues, and the associated tension can infect and even poison family ties.

Fortunately, formulating a plan in advance for handling the most important family ownership issues, and agreeing to stick to the plan dramatically lowers the risk of tension and disputes. Our expert and experienced speakers will guide you through the key practical legal and relational issues for you to consider.


5:00 p.m.


Group Discussion – Takeaways from Keys to Making Joint Family Property Ownership Stress-Free Session




5:15 p.m.






6:00 p.m.


Council Dinner  


Friday, October 5, 2018


8:00 a.m.






8:30 a.m.


Engaging 2nd and 3rd Generations in Family Philanthropy – Strategies and Case Studies

A FOX member, who is the Director of a family office, will introduce our expert and share his experience with her in helping to engage his 2nd and 3rd generation family members in philanthropic initiatives.  Our expert will provide strategies and case examples of related work in order to provide council members with some ideas to bring back to their families. 




9:45 a.m.


Group Discussion – Takeaways from Philanthropy Session




10:00 a.m.






10:15 a.m.


FOX 2018 Compensation Study Highlights and Attracting and Retaining Talent Strategies

Jane Flanagan, Managing Director, Family Office Exchange and Bruce Benesh, Partner, Grant Thornton

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. In this session, Jane and Bruce 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.

A group discussion of the best ways to attract and retain talent will follow the presentation.  Members are asked to contribute 2 ideas you have put into practice. 





11:15 a.m.


Key Takeaways, Profiles of Members who would Enrich the Council and Topics for the Next Meeting




11:30 a.m.


Meeting Adjourned




*** Business casual attire for meeting ***