2018 FOX Trustees and Beneficiaries Workshop


Tuesday, Jun 19, 2018 - 02:45am
Wednesday, Jun 20, 2018 - 12:00pm

FOX is pleased to offer the FOX Trustees and Beneficiaries Workshop on June 19-20, 2018 in Chicago. This workshop is one of the very few places trustees and beneficiaries get the high-quality, objective, and non-commercial training they need to fulfill their roles in an informed and confident way.

The Metropolitan
233 South Wacker Drive
Willis Tower, 67th Floor
Chicago, IL 60606

Recommended for: Personal trustees serving as fiduciaries for family trusts and the beneficiaries of the family trusts. Qualified advisors may attend with a family trustee or beneficiary client.

The Metropolitan

    A trusteeship is a critical, active role that has significant influence on the well-being of the beneficiary and the sustainability of the assets, businesses, or properties that are in the trust. Being appointed a trustee is a tremendous honor, but it comes with very real responsibilities and exposure to liability.

    But a trust is more than a legal structure or series of transactions—it sets in motion a working relationship between the trustee and beneficiary. Although trusts are a vital and prominent component of family wealth planning, it’s surprisingly hard to find training to prepare trustees and beneficiaries for their responsibilities.

    This unique workshop is designed to help trustees and beneficiaries be better prepared and develop stronger relationships. The workshop covers the roles, risks and responsibilities of both trustees and beneficiaries so both trustees and beneficiaries are strongly encouraged to attend.


    REFUND POLICY: For event registrations, refunds of payment or forum allotments will be offered if the cancellation is made in writing to Family Office Exchange at events@familyoffice.com five (5) or more business days prior to the start of the event. For more information regarding administrative policies please contact FOX office at: 312.327.1200.

    Field of Study: Finance - Up to 11.5 CPE credits can be earned by attending this event. CPE credits are accepted at the option of state certifying boards. Requirements, compliance procedures and acceptance may vary by state.
    Learning Objectives: Upon completion of this program, participants will gain clarity on the duties and powers of a trustee, investment considerations related to the trust, distribution strategies and policies, a better understanding the role of the beneficiary, how to communicate more effectively between the trustee and beneficiary to name just a few of the program objectives.
    Program Level: Overview | No prerequisites are required for any of the sessions. | Delivery Method: Group Live Program

    Family Office Exchange is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

    Tuesday, June 19
    7:45amRegistration and Breakfast

    Welcome and Program Introduction

    Amy Hart Clyne, Executive Director, Knowledge Center, Family Office Exchange
    Mariann Mihailidis, Managing Director, Councils, Family Office Exchange


    FOX Member Best Practices

    Amy Hart Clyne
    , Executive Director, Knowledge Center, Family Office Exchange
    Mariann Mihailidis, Managing Director, Councils, Family Office Exchange

    While being appointed a trustee is a great honor for most that are selected, to some it can seem extremely daunting. The role requires a trustee to accept important responsibilities and exposure to liability. Similarly, beneficiaries often experience confusion or burdensome guilt regarding their role and expectations of the trust. FOX Members have long debated and explored the role and relationship of the trustee and the beneficiary and in this session, Amy Hart Clyne and Mariann Mihailidis will share best practices sourced by trustees and beneficiaries who have found the trust vehicle to be both a blessing and a burden.


    The Foundation of Wise Trusteeship

    Susan Massenzio, Ph.D.
    , Co-President, Wise Counsel Research
    Keith Whitaker, Ph.D., Co-President, Wise Counsel Research

    A trustee’s success is highly dependent upon how he or she approaches the job. There are five foundational principles that underlie the noble profession of trusteeship that go beyond traditional duties such as investing, distributions, and administration. Keith Whitaker and Susan Massenzio of Wise Counsel Research will introduce us to the five qualities, including “Do No Harm,” “Fidelity,” “Regency,” “Discernment,” and “Courage.”


    Duties and Powers of the Trustee

    Bill Sanderson
    , Partner, McGuireWoods LLP
    Sarah Kerr Severson, Partner, Schiff Hardin LLP

    A trustee is the legal owner of all of a trust’s property and has a fiduciary duty to the beneficiaries. In this session, Bill Sanderson and Sarah Kerr Severson will address the many duties and powers required of a trustee. They will lay out the complex canon of trustees’ legal responsibilities in a simple, approachable way that will enable trustees to knowledgeably approach their duties.


    Investing Trust Assets

    Michael J. Flynn
    , President and Chief Investment Officer, B1 Capital Partners
    Bill Sanderson, Partner, McGuireWoods LLP

    Michael J. Flynn, a family office CIO, and Bill Sanderson, a trustee of numerous trusts, will delve into the practical issues that need to be addressed if trust assets are going to be invested prudently, taking into consideration a range of assets, trust agreement provisions and expressions of grantor intent. Topics covered in this session will include: concentration, diversification and over-diversification; relevant risks; active vs. passive strategies; hedge funds; direct and co-investments; and interests in operating companies.


    Panel – Trustees and Beneficiaries – How Does it Really Work?

    Bob Hammett
    , Father/Trustee
    Stephanie Hammett, Daughter/Beneficiary

    Mariann Mihailidis
    , Managing Director, Councils, Family Office Exchange

    Bob and Stephanie Hammett will share their experiences as both trustees and beneficiaries. They will discuss their trust structures, the decision making process that led to those structures, and the responsibilities of the various roles required for success. In addition, Bob, as trustee, will offer how best to work with Stephanie as the beneficiary and vice versa. They will then take questions about the realities of being a trustee and beneficiary and the unique nature of that relationship.


    Distribution Provisions: Understanding the Issues and Options

    Steve Dugas, Chairman, Dugas Family Foundation, Inc.
    Tera Rica Murdock, Partner, Waller Lansden Dortch & Davis, LLP
    Steve Smitherman, Vice President, The Family Private Trust, LLC

    Attorney Tera Rica Murdock will discuss general distribution provisions and facilitate a discussion with Steve Smitherman and Steve Dugas.  They will discuss the key issues related to discretionary trust distributions covering the many factors that distribution committee members or trustees should consider when faced with requests for discretionary distributions.


    Managing Fiduciary Risk

    David C. Blickenstaf
    f, Partner, Schiff Hardin LLP
    Tera Rica Murdock, Partner, Waller Lansden Dortch & Davis, LLP

    Using real cases, David C. Blickenstaff and Tera Rica Murdock, two leading fiduciary litigators, will discuss how fiduciaries can get into trouble. They will share the lessons they’ve learned from their cases so you can avoid litigation, and they’ll provide a checklist of best practices to mitigate the risk of litigation.

    6:00pmGroup Cocktails & Dinner
    Wednesday, June 20

    Building Positive Long-Term Relationships Between the Trustee and Beneficiary

    Pamela Lucina
    , Executive Director – Advice, Planning and Fiduciary Services, BNY Mellon Wealth Management
    Anita Sarafa, Wealth Advisor, Managing Director, J.P. Morgan Private Bank
    John Welsh, Vice President, Wealth Strategy, BNY Mellon Wealth Management

    In this session, Pamela Lucina, Anita Sarafa, and John Welsh will explore how the trustee can build a positive long-term relationship with the beneficiary, which can significantly impact a family’s long-term wealth preservation plan. The discussion will develop the concept that trusts are relationships dependent on care and feeding, communication, and expectation management by both the trustee and beneficiary.


    Selecting the Right Trustee: Know Your Options

    Mark K. Harder, Partner
    , Warner Norcross & Judd LLP, Private Client & Family Office Group
    Patrick A. Thompson, Founder & Chairman of the Board, Trans-Matic Mfg. Co.

    One of the most important decisions the grantor of a trust will make is picking the person or institution that will be in-charge of managing the trust’s assets and executing the fiduciary duties it requires. Building on the prior sessions, Mark Harder will review various trustee options, note the pros and cons of each option, and identify how to select the most qualified trustee for your family’s circumstances. Family patriarch, Pat Thompson, will share how his trustee role has evolved and how his activity as trustee has been supported by his relationship with Mark as his fiduciary advisor.

    11:15amPeer Discussions

    Bringing it All Together – The Case Studies

    Kim Kamin
    , Principa & Chief Wealth Strategist, Gresham Partners, LLC

    Kim Kamin will bring the workshop’s lessons to life by demonstrating their application through several intriguing case examples. This will be an interactive session with attendees addressing how they would respond to real-life situations and comparing their approaches to the real-world outcomes.


    Communicating Across Styles to Build Strong Trustee/Beneficiary Relationships

    Talli Sperry
    , Head of Family Office Segment, The Vanguard Group
    Heather Winslow-Walker, Family Legacy Specialist, The Vanguard Group

    Good communication and mutual understanding between trustees and beneficiaries is critical for the smooth and positive operation of a trust. Rather than have a series of misunderstandings and assumptions mar this relationship, open and effective communication can pave the way for this relationship to a special one in both individuals’ lives. Talli Sperry and Heather Winslow-Walker will lead a personal communication assessment that can help trustees and beneficiaries communicate more effectively and with increased ease by augmenting their understanding of behavioral and thinking style differences. Participants will have the opportunity to work with this tool in current trustee/ beneficiary relationships.

    5:00pmProgram Adjourn


    David C. Blickenstaff
    Partner, Schiff Hardin LLP

    David C. Blickenstaff is a partner in the Chicago office of Schiff Hardin LLP and leader of the firm’s national trust and estate litigation practice. He is a trial lawyer who represents corporate and individual fiduciaries as well as beneficiaries in trust, estate, and guardianship litigation and related matters.

    Mr. Blickenstaff has handled scores of fiduciary disputes in courtrooms across the country, including extensive appellate work. He is also a regular lecturer and panelist on topics relating to fiduciary litigation and managing fiduciary risk.

    Mr. Blickenstaff graduated magna cum laude from Northwestern University School of Law in 1994 after serving as the Coordinating Note and Comment Editor of the Northwestern University Law Review. He earned his bachelor’s degree in 1990 from Princeton University, where he studied political philosophy and played intercollegiate water polo. He is a Fellow of the American College of Trust and Estate Counsel and a member of its Fiduciary Litigation Committee.

    Steve Dugas
    Chairman, Dugas Family Foundation, Inc.

    Steve Dugas is chairman of the Dugas Family Foundation. Three generations of his family serve on the foundation board, including his mother Laura Jo, his wife Lynn, and his sons Tyler and Christian.

    Mr. Dugas is actively engaged in the family’s philanthropy, which is a leader in charitable giving in Northwest Florida. The family’s giving is broad based, and focused primarily on serving families in Walton and Okaloosa Counties. Grants of note from the Dugas Family Foundation include lead gifts to Sacred Heart Hospital, Alaqua Animal Refuge, the Children’s Volunteer Health Network, the Boys and Girls Club of the Emerald Coast, Choctawhatchee Basin Alliance, and the Ronald McDonald House of Northwest Florida.

    Mr. Dugas’ grandfather, Cal Turner, Sr., was a co-founder of Dollar General Stores, which was founded in Scottsville, Kentucky. Mr. Dugas is a rotating member of the board of the Laura Goad Turner Charitable Foundation, established by Mr. Turner as a leading source of charitable giving in the family’s hometown.

    Michael J. Flynn, CFA
    President and Chief Investment Officer, B1 Capital Partners

    Michael Flynn is responsible for building a de novo single-family office backed by a South American family with significant operating businesses. Mr. Flynn is building a professional team as well as corporate, tax and legal infrastructure necessary to invest a large pool of capital into private equity, hedge funds and public equities.

    Prior to working at B1 Capital Partners, Mr. Flynn was Chief Investment Officer for Kinship Trust Company. He was responsible for managing a portfolio with significant exposure to alternative investments. While at Kinship, Mr. Flynn built an internal team with expertise in hedge fund, private and public equity investments. Prior to joining Kinship, Mr. Flynn was President and Senior Consultant of Stratford Advisory Group, an institutional asset consulting firm.

    Mr. Flynn earned an M.B.A. from the Kellogg Graduate School of Management, Northwestern University.  He earned a B.S. in Industrial Engineering and Management Sciences at Northwestern University.  Mr. Flynn is a Chartered Financial Analyst (CFA).

    Robert (Bob) L. Hammett

    Bob Hammett is a fifth-generation family member who serves as Vice President of a single family office that manages numerous trusts for about 75 family members. The office helps family trustees and beneficiaries by engaging and supervising the work of outside professionals while having a small staff that deals directly with the members of the extended family. The focus of the office is on trust administration and accounting, estate planning, investment manager coordination, fiduciary and financial education, annual visits with family members, monthly newsletters, and estate and income tax return preparation.

    Mr. Hammett is a CPA/PFS, CFP, M.B.A. with prior professional work experience in public accounting and banking, and a primary focus on estate, gift, and trust planning and taxation. The single family office is not directly involved in day-to-day activities of the legacy operating businesses located in the Pacific Northwest (newsprint and forestry, broadcasting and print media, and real estate) and a portfolio of actively managed direct investments. He is also a past Chair of their Family Council and has participated in several Family Assembly committees (i.e., Governance, Education, Introductions and Reunions).

    Mr. Hammett previously worked at Deloitte & Touche, Home Savings of America/Washington Mutual Bank, KPMG LLP, and Damitz, Brooks, Nightingales, Turner & Morrisset in California. He earned a B.A. in Mathematics, Economics and Accounting at Claremont McKenna College and an M.B.A. in Finance and Policy Studies (Competitive Strategy) at the University of Chicago Booth School of Business.

    Stephanie A. Hammett

    Stephanie Hammett is a sixth-generation family member served by Chifam LLC, a single family office (SFO). She is a beneficiary of and a co-trustee on trusts managed by the SFO. The office helps family trustees and beneficiaries by engaging and supervising the work of outside professionals while having a small staff that deals with the members of the extended family. The focus of the office is on trust administration and accounting, estate planning, investment manager coordination, fiduciary and financial education, annual visits with family members, monthly newsletters, and estate and income tax return preparation.

    Ms. Hammett is a recent graduate of Thomas Aquinas College (liberal arts and sciences, great books curriculum). She has interned in the family’s legacy operating businesses (newsprint and forestry, broadcasting and print media, real estate and insurance). She has also participated on various Family Council and Assembly committees.

    Mark K. Harder
    Partner, Warner Norcross & Judd LLP, Private Client & Family Office Group

    Mark K. Harder is a partner with the law firm of Warner Norcross & Judd LLP and serves as Chair of the firm’s Private Client & Family Office Practice. He concentrates his practice in estate planning and administration for high net worth individuals and in representation of family-owned businesses and their owners.

    Mr. Harder is a Fellow in the American College of Trust & Estate Counsel and is listed in Best Lawyers in America and Michigan Superlawyers. He was named 2010 and 2017 Lawyer of the Year for Trusts and Estates in Grand Rapids, Michigan by Best Lawyers in America. In 2017 he was named by Michigan Superlawyers as one of Michigan’s Top 100 Lawyers.

    He served as Chair of the State Bar of Michigan’s Probate and Estate Planning Section and was the Chairman and Reporter for the Michigan Trust Code Committee. He is a frequent speaker and author for the Institute of Continuing Legal Education and other professional organizations.

    Kim Kamin
    Principal & Chief Wealth Strategist, Gresham Partners, LLC

    Kim Kamin is a Principal at Gresham Partners, LLC where she serves as Chief Wealth Strategist and a Client Advisor. She advises clients and leads Gresham’s development and implementation of estate, wealth transfer, philanthropic, and educational and fiduciary planning activities.  Previously she was a partner in the Private Clients, Trusts and Estates Group at Schiff Hardin LLP, where for many years her legal practice involved all aspects of trust and estate planning, administration, and dispute resolution; advising families and closely held businesses on a wide array of wealth preservation, asset protection, and succession planning issues; representing fiduciaries, custodians, and beneficiaries in estate administration and contested trust and estate matters; and serving as counsel for the formation and operation of not-for-profit entities.

    Ms. Kamin is an adjunct professor at the Northwestern University Pritzker School of Law where she has been awarded the William M. Trumbull Lectureship, and has taught Advanced Trusts and Estates, the Income Taxation of Trusts and Estates, and Estate Planning. She is also on faculty for the Certified Private Wealth Advisor® (CPWA®) certification program through the University of Chicago Booth School of Business Executive Education.

    Ms. Kamin is on the Editorial Advisory Board of Trusts and Estates Magazine. She has published on a wide variety of topics and is also a frequent lecturer in a variety of venues (including Family Office Exchange, ALI-CLE, American College of Trust and Estate Counsel, Chicago Estate Planning Council, Chicago Bar Association, Illinois Institute for Continuing Legal Education, Annual Notre Dame Tax & Estate Planning Institute, Tulane Tax Institute, and CLE International’s Visual Arts, and the Law Conference). She is also an "Xpert" for Trust & Estates' IdeaXchange.

    Ms. Kamin received her B.A., with distinction and departmental honors, from Stanford University and her J.D. from the University of Chicago Law School.

    Pamela Lucina
    Executive Director – Advice, Planning and Fiduciary Services, BNY Mellon Wealth Management

    Pamela Lucina is executive director of BNY Mellon Wealth Management’s Advice, Planning and Fiduciary Services. In this role, she is responsible for overseeing Global Wealth Advisory, the National Practice Areas for business owners and family law, and Fiduciary Services. Ms. Lucina has over 20 years of experience providing comprehensive wealth planning advice and governance to individuals and families. Most recently she was with JPMorgan, where her key responsibilities included providing wealth and estate planning services to the firm’s largest and most complex clients, and advising families on next generation education and philanthropic matters.  

    Prior to JPMorgan, Ms. Lucina spent 10 years in private practice, both as a tax consultant with Arthur Andersen and in the trust and estates department of Mayer Brown in Chicago. She is a Fellow of the American College of Trust and Estate Counsel (ACTEC), is well-published, and is a frequent speaker at industry conferences and events. She has a bachelor’s degree from Marquette University, and a Juris Doctor degree from DePaul University.

    Susan Massenzio, Ph.D.
    Co-President, Wise Counsel Research

    Susan Massenzio, Ph.D., is President of Wise Counsel Research Associates. She is a psychologist with extensive experience consulting to senior executives and leadership teams of Fortune 500 financial services firms. She helps firms design effective organizations, develop high potential executives, plan leadership succession, and integrate key leaders into new roles. Firms leverage her knowledge of psychology and organizational dynamics to optimize performance. As an executive consultant, she enables leaders to gain greater insight into their leadership and management styles and to maximize their influence and impact.

    Dr. Massenzio has also consulted extensively with family businesses. She helps families make a positive impact through enhanced communication, decision making, cultivation of next generation leaders, and philanthropy. She is co-author of The Cycle of the Gift, The Voice of the Rising Generation, and Complete Family Wealth, all published by Bloomberg Press.

    Dr. Massenzio served as the Senior Psychologist for John Hancock Financial Services, Senior Vice President for Wells Fargo Bank, and Professor and Program Director at Northeastern University. She holds a Ph.D. in Psychology from Northwestern University and a B.A. in Sociology and Education from Simmons College. She is a member of the Collaboration for Family Flourishing.

    Tera Rica Murdock
    Partner, Waller Lansden Dortch & Davis, LLP

    Tera Rica Murdock is a skillful litigator and an effective advocate in complex business, trust, and employment disputes. Ms. Murdock has extensive trial experience. She has been an advocate in jury trials and bench trials, in both state and federal court, as well as in private arbitrations. She has both defended and prosecuted claims of breach of fiduciary duty and breach of trust, representing corporate trustees, family offices, and beneficiaries. Clients count on Ms. Murdock to craft strategies for resolution which preserve relationships while keeping in accordance with the terms of the trust instrument.

    Ms. Murdock has prosecuted and defended claims of breach of contract in the financial services, manufacturing, and healthcare industries. Whether enforcing a contract on its terms, recovering damages, or defending against these claims, she has the experience needed to advocate for businesses while respecting their organizational objectives. Additionally, she is experienced in the representation of management in the manufacturing industry in all aspects of employment law. She has litigated complex multi-plaintiff claims involving the Equal Employment Opportunity Commission, assisted companies in enforcing non-compete agreements, and defended businesses against alleged violations of federal and state employment law.

    Bill Sanderson
    Partner, McGuireWoods LLP

    Bill Sanderson is a member of the McGuireWoods fiduciary advisory services practice group and co-chair of the private wealth services group. He represents both high-net worth individuals and families on a variety of sensitive and complex estate and business planning matters. His practice focuses on the areas of estate planning and estate and trust administration.

    A frequent speaker, Mr. Sanderson has also taught Federal Taxation Practice and Procedure at Virginia Commonwealth University School of Business.

    Prior to completing his law degree at the University of Virginia School of Law, Mr. Sanderson completed coursework at the University of South Carolina School of Law. While attending the University of Virginia, Mr. Sanderson was a member of the Raven Society and the Jefferson Literary and Debating Society.

    Anita Sarafa
    Wealth Advisor, Managing Director, J.P. Morgan Private Bank  

    Anita Sarafa advises clients across the Midwest region on their comprehensive estate planning needs and goals including how to tax-efficiently hold, manage, and transfer their wealth to family or charity. She also is a resource on family governance issues, next generation education and family meetings. Ms. Sarafa is an attorney, admitted to practice in Illinois and is a member of the American and Chicago Bar Associations.

    Ms. Sarafa speaks and writes nationally on topics related to sophisticated estate planning techniques, multi-state estate planning, charitable giving, and tax planning, and has been featured in The New York Times, Dow Jones, Business Week, The Wall Street Journal, Barron’s, The Chicago Tribune, CLTV, and other local and national media. Prior to joining J.P. Morgan Private Bank in 2000, she was a partner with the Chicago-based law firm of Winston & Strawn, where she practiced law for 11 years as a member of both the Trust and Estates and Corporate departments.

    Ms. Sarafa earned her B.A. in Political Science from the University of Michigan and her J.D. from Boston University School of Law.


    Sarah Kerr Severson
    Partner, Schiff Hardin LLP

    Sarah Kerr Severson is a partner in the Private Client, Trust and Estate Group at Schiff Hardin LLP.  Ms. Kerr Severson takes a holistic approach to helping individuals and multigenerational families implement and manage comprehensive estate plans and business succession plans. She brings an instinct for facilitating transition and a keen awareness of the “softer side,” familial and social issues, which uniquely position her to guide clients through special needs planning, wealth transfer planning and charitable planning techniques.

    A counselor to those with significant wealth, Ms. Kerr Severson assesses her client’s circumstances, diagnoses the issues and coordinates a plan that meets both immediate and long-term goals. Her holistic approach takes into account all of the financial, personal, tax and non-tax objectives in play.

    Ms. Kerr Severson recognizes that her client’s plans and established entities have lives of their own; they need continuous care and feeding. She quarterbacks all issues that affect her clients and takes very seriously her role as a trusted business adviser and confidant for current and future generations.

    Ms. Kerr Severson is a graduate of Northwestern University School of Law, J.D., and serves as President of a charitable foundation, the Mark Morton Memorial Fund.

    Steve Smitherman
    Vice President, The Family Private Trust, LLC

    Steve Smitherman has over 16 years of family office experience. He is Vice President of The Family Private Trust, LLC and The Family Office, LLC where he manages client family relationships, private trust company and family office relationships. His areas of focus include financial reporting, technology, client/beneficiary relationships, tax, and estate planning.

    Mr. Smitherman is a Certified Public Accountant and earned B.A. degrees in Business and Marketing from Belmont University in Nashville, TN. He is a member of the Tennessee Society of CPAs and a founding member of Society of Leaders in Development (S.O.L.I.D). He also volunteers with several organizations, including CPA Dads, Abba’s Way, and Father’s Heart.

    Talli Sperry
    Head of Family Office Segment, The Vanguard Group

    Ms. Sperry began her Vanguard career in 2008, developing executive leadership programs, and has been supporting the needs of Vanguard clients since 2010. She has managed the Flagship client relationship teams since 2012 and also leads a team in Flagship Select™ and the family office strategy group.

    Prior to joining Vanguard, Ms. Sperry had a decade-long career in academia. She still teaches a graduate course in leadership and enjoys serving on various nonprofit boards.  

    Ms. Sperry earned an M.A. from Villanova University, as well as a B.F.A. from the University of the Arts and a graduate certificate in counseling from Westminster.

    Patrick A. Thompson
    Founder & Chairman of the Board, Trans-Matic Mfg. Co

    Patrick Thompson is the founder and Chairman of the Board of Trans-Matic Mfg. Co.  Trans-Matic is a privately owned, family owned, multi-national manufacturing company that produces deep-drawn metal components for major OEMs.

    Mr. Thompson received his Bachelor’s Degree from Bellarmine University and his Master’s Degree from the University of Michigan.

    He is retired from operating duties of his company and restricts his participation at the company to board work and coaching members of his executive team. Through gifting and grantor retained annuity trusts, he and his wife have transferred 80% of his company stock to their three children.

    John Welsh
    Vice President, Wealth Strategy, BNY Mellon Wealth Management

    John Welsh is a Wealth Strategist with BNY Mellon Wealth Management. As a Wealth Strategist, Mr. Welsh provides comprehensive wealth and estate planning advice to address the unique financial and governance needs of wealthy individuals, families, and private business owners. This includes developing innovative strategies in wealth transfer in philanthropy, cross-border planning, analytics, and ownership structures to maximize clients' global wealth after taxes and across generations. He has over 10 years of wealth and tax planning experience.

    Most recently he was with a large international law firm, where he was a part of the private client group providing wealth and estate planning services to ultra-high net worth individuals, families, family offices, and foundations. Prior to that, Mr. Welsh spent 5 years as a tax consultant with a Big Five accounting firm and a consulting firm in Chicago.

    Ms. Welsh has a bachelor’s degree from the University of Notre Dame and a J.D. from Northwestern University School of Law.

    Keith Whitaker, Ph.D.
    Co-President, Wise Counsel Research

    Keith Whitaker is President of Wise Counsel Research. He has consulted for many years with leaders of enterprising families, helping them plan succession, develop next generation talent, and communicate around estate planning. With a background in education and philanthropy, he enables family leaders to better understand their values and goals, as well as have a positive impact on the world around them. Family Wealth Report named Dr. Whitaker the 2015 "Outstanding Contributor to Wealth Management Thought-Leadership."

    Dr. Whitaker has served as a Managing Director at Wells Fargo Family Wealth, an adjunct professor of management at Vanderbilt University, an adjunct assistant professor of philosophy at Boston College, and a director of a private foundation. He was also a special assistant to the President of Boston University.

    His writings and commentary have appeared in The Wall Street Journal, The New York Times, The Financial Times, Claremont Review of Books, and Philanthropy Magazine. His Wealth and the Will of God appeared in 2010 from Indiana University Press and he is co-author of The Cycle of the Gift: Family Wealth & Wisdom; The Voice of the Rising Generation; Family Trusts: a Guide for Beneficiaries; Trustees, Trust Protectors, and Trust Creators; and Complete Family Wealth, all published by Bloomberg Press.

    Dr. Whitaker holds a Ph.D. in Social Thought from the University of Chicago and a B.A. and M.A. in Classics and Philosophy from Boston University. He serves on the board of directors of the National Association of Scholars.

    Heather Winslow-Walker
    Family Legacy Specialist, The Vanguard Group

    Heather Winslow-Walker is a family legacy coach in Vanguard’s Flagship Services. In this work, she helps families plan the emotional legacy they want to leave their family including their values, stories, and traditions. This foundation compliments the financial planning process to ensure an integrated approach to family wealth planning.

    Before joining Flagship in 2014, Ms. Winslow-Walker spent the majority of her eighteen years at Vanguard in Human Resources. She has an extensive education background which enables her to not only design educational programs, but also facilitate group dynamics. Ms. Winslow-Walker’s other specialties include leadership development, talent management, engagement, change management, and employee relations. In addition, she is a certified professional coach who coaches individuals to be aware of mindset as a mechanism to realize their full potential.

    Ms. Winslow-Walker earned a bachelor’s degree in psychology from the University of Pittsburgh. She holds two master’s degree, an M.B.A. and M.Ed., both from Penn State. She received her professional coaching certification from the Institute of Professional Excellence in Coaching. She is currently completing her Heritage Design ProfessionalTM certification through the Heritage Institute.

    FOX Presenters

    Amy Hart Clyne
    Executive Director, Knowledge Center

    Amy Hart Clyne is Executive Director of the Knowledge Center for Family Office Exchange (FOX), supporting the firm’s extensive global community of ultra-wealthy families and advisors. Her effort is concentrated on knowledge acquisition, development, management and distribution.

    Focused on transforming creative, best practice and innovative ideas into practical solutions, Ms. Hart Clyne collaborates with all of the teams within FOX to ensure that the firm’s collective learning is used to enhance existing member relationships, attract new members, and support the work of the consulting practice. Ms. Hart Clyne is also responsible for program design & development at FOX, including all forums, events and webinars. She is actively engaged in FOX strategic planning, relationship management, marketing and research planning, sales and training meetings, member events and workshops, and new product launch.

    Leveraging over 25 years of extensive experience in private wealth management, Ms. Hart Clyne joined Family Office Exchange in 2012. Over the prior dozen years, she has worked as a consultant to some of the country’s leading private wealth management firms and private family foundations. Previously, Ms. Hart Clyne was appointed Global Marketing Director of The Chase Manhattan Private Bank for seven years. Prior to joining Chase, Ms. Hart Clyne worked in Marketing and Training at Bankers Trust Private Bank, and previously served as a Portfolio Manager for Lehman Management Company, a subsidiary of Lehman Bros. Kuhn Loeb, for six years, in the ultra-wealthy individual area.

    Mariann Mihailidis
    Managing Director, Councils

    Mariann Mihailidis serves as managing director and consultant to family office members of the Family Office Exchange. In her role, she oversees the management of all domestic family office relationships. As a practicing tax and estate-planning attorney, she develops strategies in wealth transfer issues, taxes, and corporate structures. Ms. Mihailidis has served as an executor and trustee, and her fiduciary responsibilities included administrative, legal, and accounting duties of various trusts and estates.

    Prior to joining FOX in 1996, Ms. Mihailidis worked in one of America’s leading family offices for four years as an accounting manager for the family’s investment partnerships and operating companies.
    She also spent more than six years in public accounting, including work as an auditor for Price Waterhouse. Ms. Mihailidis received a Bachelor’s Degree in accounting from the University of Notre Dame and a J.D. from IIT-Kent College of Law.



    Thank you to our Workshop Sponsor!