Owner/Operator Council '16 - May 2017


Monday, May 8, 2017 - 7:00pm to Wednesday, May 10, 2017 - 11:45am

The FOX Owner/Operator Council '16 is composed of family members who directly oversee the operation of their family's financial enterprise, with or without staff, working together to share insights and strategies.  
The purpose of this council is to provide a forum for these leaders to test ideas, get peer advice, and learn from appropriate experts to improve their performance in managing the family’s wealth and preparing the family for the future.
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

FOX Office
100 S. Wacker - Suite 800
Chicago, IL


Monday, May 8, 2017

6:30 p.m.


Optional/Casual Dinner

  • The Florentine
    151 W. Adams St., Chicago
  • Located on the 2nd level of the JW Marriott
  • 1.5 Blocks from the Kimpton Gray Hotel

Tuesday, May 9, 2017

8:00 a.m.


Continental Breakfast

  • Served at FOX

8:30 a.m.


Welcome – 2016 Accomplishments and #1 Challenge for 2017

Facilitated by Alexandre Monnier, President  and Jane Flanagan, Managing Director, Family Office Exchange

9:00 a.m.


Private Equity Industry Update – Performance and Trends

Lori D. Mills, CFA, Managing Director and Joseph F. Nugent, Director, Asset Consulting Group

Private equity is a core component of most asset allocations. Whether you invest directly or in funds, understanding how and where others are finding success is paramount. In this session, Lori and Joe will update the group on how private equity performed in 2016 and where their family office clients are finding opportunities for 2017 and beyond.

10:15 a.m.



10:30 a.m.


Leakages: The Impact of Fees, Taxes and Spending on your Investment Strategy

Stuart Lucas, Chairman and Chief Investment Officer of Wealth Strategist Partners LLC

In an environment where volatility and single-digit returns are the norm, families are increasingly focused on the challenge of growing and preserving their purchasing power for current and future generations. In this session, Stuart Lucas, renown author of Wealth: Grow It and Protect It and founder of the Private Wealth Management program for wealth owners at the University of Chicago Booth School of Business, will share his advice for measuring and managing the “leakages” that impact your investment program and, ultimately, your bottom line.

12:30 p.m.



  • South Branch / Private Dining
    100 S. Wacker Dr.
    (Same Building as FOX Office)

1:30 p.m.


Impact Investing: Doing Good while Doing Well

Bruce Boyd, Principal and Senior Managing Director, and Julia Sze, Managing Director of Impact Investing at Arabella Advisors

Impact investing is attracting a lot of interest in the family office community, but many worry that investing for impact means sacrificing return. In this session, Bruce and Julia will demystify this important topic and outline some of the approaches that their clients have used to incorporate an impact investing strategy in their philanthropy and beyond.

2:45 p.m.



3:00 p.m.


Peer Dialogue

Facilitated by: Alexandre Monnier and Jane Flanagan, Family Office Exchange

Interactive discussion.  All members will have an opportunity to share their peer dialogue questions with the group for discussion.  

5:00 p.m.


Meeting Adjourned

6:00 p.m.


Council Dinner

  • Del Frisco’s of Chicago 
    58 E. Oak St., Chicago
  • Tour of Wine Tower

Wednesday, May 10, 2017

8:00 a.m.


Continental Breakfast

  • Served at FOX

8:30 a.m.


Planning Considerations for the Modern Family

Kim Kamin, Principal, Gresham Partners, LLC

As the traditional nuclear family has changed because of evolving social and legal norms, there are implications for family offices and dynastic wealth in family governance, how services are provided, how existing trusts are interpreted and how new estate planning instruments are drafted.  Kim will discuss how divorce and marital status, defining descendants, assisted reproductive technologies, posthumous conception, and other important developments impact working with your 21st century families.

9:30 a.m.



9:45 a.m.


FOX Investment Research Highlights and Group Discussion

Alexandre Monnier and Jane Flanagan, Family Office Exchange

Alexandre will share key findings from the 2017 FOX Global Investment Survey, which includes the asset allocation and performance, investment opportunities for 2017, and active vs. passive investing trends of family offices around the world.

11:00 a.m.


Topics for the Next Meeting

11:30 a.m.


Meeting Adjourns

    *** Business casual attire for meeting ***