FOX Enterprise Family Planning Workshop - July 13-15, 2021

The FOX Enterprise Family Planning Workshop offers a thoughtful approach to organizing the complex dimensions of your Enterprise Family. If you are facing complexity created by multiple generations, multiple businesses, joint properties, investment portfolios, and family foundations, you may need a master plan to oversee and manage all the various elements of shared ownership.

There are many complexities that come with being an Enterprise Family. What starts out as a family business gradually evolves into multiple businesses, major real estate holdings, investment portfolios, multi-generational ownership structures, and philanthropic and community impact. Successful families need a thoughtful way to plan for, organize, and oversee these complex family activities, all of which are a part of the Enterprise Family Plan.

Characteristics of an Enterprise Family

Families striving to be enterprises develop these qualities by the cousins generation:

  • Common history and values
  • Commitment to shared ownership
  • Family alignment across generations
  • Collective vision for the future
  • Investment in the human capital
  • Formal governance process
  • A desire to evolve and change
  • A sense of social responsibility

Who Should Attend

Ideal for family members, family office executives, and board members who are seeking to establish a long-term vision and strategies for the many dimensions of the Enterprise. Defining goals and strategies for organizing these entities, creating a workable governance structure, and reviewing case studies to demonstrate the concepts is the purpose for this workshop.
 

  • About
  • Agenda
  • Speakers

Accessing the Event: This FOX Virtual Workshop will be delivered via an external conference platform. Some employers prevent access to external conference platforms from corporate VPN accounts. You may find it easiest to use a personal device to access this event. Please note that video content will be provided via Zoom.

All registrations subject to approval by Family Office Exchange.

REFUND POLICY: For event registrations, refunds of payments 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: Specialized Knowledge - Up to 16 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 an understanding of the steps required, and
mistakes to avoid, when developing an effective family office and Enterprise Family strategy.

Program Level: Overview | No prerequisites are required for any of the sessions. | Delivery Method: Group Internet Based

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, July 13

All times listed are in U.S. Central Time
9:00 am - 4:00 pm each day with an hour for the lunch conversations.
   
Purpose and Vision For the Enterprise
   
1.1 Benefits of Enterprise Thinking
  • Impact of shared ownership
  • Rooms in the enterprise house
  • Goals for enterprise capital
  • Managing the sum of the parts

1.00 CPE | Specialized Knowledge

   
1.2

Align Purpose with History and Values

  • Understanding family history
  • Defining family values and principles
  • Degrees of togetherness
  • Managing family change

1.50 CPE | Specialized Knowledge

   
1.3

Move Across Generational Bridges

  • Generational profiles and challenges
  • Natural polarities in all families
  • Creative friction leading to change
  • Responsibilities that can’t be delegated

1.50 CPE | Specialized Knowledge

   
1.4

Develop a Shared Vision for the Future

  • Links to family history
  • Scenario planning to build consensus
  • Timeline of transitions and trigger events
  • Five strategic questions

1.50 CPE | Specialized Knowledge

   

Wednesday, July 14

Strategic Planning and Execution
   
2.1

Analyze Opportunities and Risks

  • Framework to define the enterprise
  • Identify opportunities across all domains
  • Understand critical risk factors
  • Update timeline of transitions

1.50 CPE | Specialized Knowledge

   
2.2

Set Strategic Goals and Assess Capabilities

  • Goal setting linked to family vision
  • The “sum of the parts” advantage
  • Complexity factors impacting families
  • GAP analysis process

1.50 CPE | Specialized Knowledge

   
2.3

Define Priorities and Allocate Capital

  • Agree on process for setting priorities
  • Inventory the multiple priorities
  • Allocate capital and scarce resources
  • Case Study: priority ranking process

1.50 CPE | Specialized Knowledge

   
2.4

Identify Project Plans and Define Metrics

  • Project plans for each key strategy
  • Accountability for execution process
  • Selection of key success factors
  • Process for annual review of metrics

1.50 CPE | Specialized Knowledge

   

Thursday, July 15

Family Governance and Leadership Development
   
3.1

Structure Family Governance Process

  • Three dynamics of governance
  • Benefits of a formal governance process
  • The evolution of governance through generational stages
  • Six duties of governing boards

1.50 CPE | Specialized Knowledge

   
3.2

Invest in Leadership Development

  • Develop a structured learning curriculum
  • Leadership skills needed for the enterprise
  • Development plans for skills and experiences
  • Formal leadership selection process

1.50 CPE | Specialized Knowledge

   
3.3

Plan for Leadership Transitions

  • Understanding the transition cycles
  • Passing the torch – case studies
  • The challenge of “letting go”
  • The challenge of “taking charge”

1.50 CPE | Specialized Knowledge

   
3.4 Wrap Up: Insights and Reflections on the Planning Process
CPE is not available for this section.
   
   

 

Sara Hamilton
Founder and Chief Executive Officer

Sara Hamilton is Founder and CEO of Family Office Exchange (FOX). Sara is a recognized visionary in the private wealth community. While a trust officer at Harris Bank in Chicago in the late 1980s, Sara witnessed the emergence of family wealth management as an industry. Hundreds of U.S. families became centi-millionaires overnight through leveraged buyouts that spawned private financial offices commonly called family offices, to manage family assets and educate wealth owners. Sara was the first professional to recognize family offices as a complex market segment in wealth management. 

Sara founded the Family Office Exchange (FOX) in 1989 as a peer network for family office executives. Within 10 years, FOX could see that families needed help with their enterprise vision and managing financial transitions. As a result, FOX evolved into a strategist for family enterprises, a platform for sharing family wealth best practices, and an industry advocate for the importance of private capital in a global economy. 

Today, Sara provides strategic direction for FOX and leads the development of new programs and services supporting family enterprises, family office executives and wealth advisory firms in more than 20 countries. She was named one of the Top 50 Women in Wealth Management by Wealth Manager from 2010-2012 and 2019 Outstanding Thought Leader for Wealth Management by Family Wealth Report. 

Sara is the co-author of Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times and serves on the executive education faculty of the University of Chicago Booth School of Business where she is an adjunct faculty member for their Private Wealth Management course, offered twice per year in Chicago. She is on the founding boards for the Private Directors Association in Chicago and the Foundation for Gender Equality in New York.

 

Scott Winget
Market Leader, Enterprise Families

Scott Winget is the Enterprise Market Leader at Family Office Exchange (FOX). In his role, Scott serves as Co-Chair for Enterprise Councils and Executive Councils, where members can share experiences, ideas, and best practices with veteran peers in a confidential environment. Scott also serves as relationship manager for Enterprise Family members, in order to understand their unique needs and provide them with access to important research and objective guidance. He is as a member of the FOX leadership team, helping to develop and execute service strategies designed to meet the needs of his market segment, and also participates in new research and thought leadership meaningful to members.

Serving families for over 25 years in the areas or family office, wealth management and estate and tax planning, Scott brings significant experience to FOX and its members. Prior to joining FOX, Scott created and led multi-disciplinary and award-winning consulting groups that provided comprehensive family office services at both Cresset and Ascent Private Capital Management. Earlier, he was a senior wealth planner at Wells Fargo Family Wealth (later, Abbot Downing) and began his career as an income tax and estate planning specialist with Arthur Andersen and EY. Scott has participated in the FOX community for over 15 years.

Scott is a CPA and holds a J.D. from The Ohio State University, where he also earned a B.S. in Business Administration with a dual major in Accounting and Finance. He is a member of the Rocky Mountain Estate Planning Council, Colorado Society of CPAs and the Colorado Bar Association. He has also held several securities and insurance licenses and served on the board of the Mountain Area Land Trust as Treasurer and head of the Finance Committee among other roles with non-profits.

 

Mindy Kalinowski Earley, CMP, CFBA 
Chief Learning Officer, FOX Family Learning CenterTM 

Mindy Earley is Chief Learning Officer for Family Office Exchange (FOX). In her role, she works to foster integrated learning programs for enterprise families and is responsible for developing the family learning community. She also provides support to the Family Learning and Experience Council and FOX Family Learning Network (FLN). Mindy is inspired by helping people learn, grow, and discover the way that they will make personal and productive contributions by using their strengths and talents.  

Mindy has held various roles in small and large family offices and has been responsible for creating and stewarding professional learning networks in support of human and intellectual capital. She has designed learning experiences that increase the knowledge base and enhance the life path of individuals while providing personalized support and coaching to help them meet their goals. As a Certified Meeting Professional with a certificate in Family Business Advising, she enjoys helping families and rising generation members navigate the unique world of enterprise family and family relationships by understanding that responsibility and intention pave a path to personal achievement and satisfaction.

 

Peter Moustakerski
FOX Advisory Board and Former FOX Member

Peter Moustakerski is a seasoned C-level strategist and operator in financial services, media and marketing technology, and a former family office executive, management consultant, and entrepreneur.

Peter has served as an innovation and growth-focused leader for a number of private and public companies at various stages, as well as founding two start-ups in New York City and China. Most recently, as Chief Strategy Officer of News America Marketing, he built and led the Corporate Strategy and M&A function, completed the company’s successful spin-off from its parent company News Corp. Over the past 25 years, Peter has amassed broad experience in corporate strategy, innovation, management, and operations, working with premier companies, including Booz Allen Hamilton, UBS, and Bridgewater Associates.

From 2010 to 2012, Peter served as the Chief Operating Officer for the family office of the founder of Bridgewater associates. In that role, Peter worked closely with the principal family members to envision and oversee the redesign of the family office strategy and day-to-day operations of the office to better serve the evolving needs of the family. In that capacity, Peter used FOX as a resource for relevant best practices and benchmarks, confidential peer networking, objective advice, and continuous learning.