FOX Family Office Design Virtual Workshop - September 9-11 and November 2, 2020

The FOX Family Office Design Workshop will cover basic principles of a well-run family office and provide tools and techniques to professionalize the office. Come and learn the basics or get a refresher on how to improve operations and take your office, or the one you are planning, to the next level. With nearly 30 years of collective intelligence, FOX will share best practices regarding what steps to take, when to take them, and how to avoid costly mistakes and setbacks.

WHAT TO EXPECT

  • Understand the critical dimensions of a family office
  • Review the range of services that can be provided by a family office
  • Explore the talent and team structure needed to run an office
  • Gain insights into operational challenges and technology solutions
  • Learn about the cost and complexity of the office and total wealth management
  • Identify methods for oversight of the family office and measuring performance of the office
  • Receive individualized advice and perspective in a 1:1 session with FOX experts after the workshop

WHO SHOULD ATTEND

Ideal for new family office executives, family members considering starting a family office, or individuals looking to improve operations of an early-stage family office.

WORKSHOP AT A GLANCE

The workshop includes FOX proprietary concepts, practical solutions, and incorporates new data from our recent family office benchmarking survey. The program will be interactive, including presentations, case studies, discussion, and networking with your peers to share individual experiences.

 

  • About
  • Agenda
  • Speakers

Times listed are in Central time


Wednesday, September 2 - Workshop Pre-call
    Group Q&A and Review of Pre-Reading (60 minutes)
 
Wednesday, September 9 Thursday,
September 10
Friday,
September 11
Monday,
November 2

 

10:00 AM

Welcome and Introductions

 

10:00 AM

Case Studies on

Types of Offices

10:00 AM

Welcome

and Q&A

10:00 AM

Welcome

and Q&A

10:30 AM

Family Goals and
Family Office Roles

 

11:00 AM
Break

 

11:15 AM
Scope of Services
and Service Delivery

 

11:45 AM
Service
Exercise
 

10:30 AM

Talent and
Team Structure

 

11:00 AM
Break

 

11:15 AM
Value and Cost
of the Family Office

 

11:45 AM
Technology and
the Family Office

10:15 AM

Ownership, Governance,
and Metrics

 

11:00 AM
Break

 

11:15 AM
Measures of Success
/ Best Practices

 

11:45 AM
Initial Design for
Your Family Office

 

12:15 PM
Next Steps, Final Questions, and Wrap-up

10:15 AM

Design for Your
Family Office

 

11:00 AM
Break

 

11:15 AM
Design for Your
Family Office

 

 

12:15 PM

Day 1

Concludes

 

 

12:15 PM

Day 2

Concludes

 

12:15 PM

Day 3

Concludes

12:00 PM

    Final Questions
and Wrap-up

 

Optional Individual Q&A and Strategic Planning
Individual Q&A and Planning Session. (60 minutes)
 

 

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: Finance - Up to 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 an understanding of the steps required, and mistakes to avoid, when developing an effective family office. Additional program objectives include: insights regarding oversight of the family office, services scope and delivery, costs of the family office, talent and team structure, technology and data security, performance metrics and best practices, and family office planning steps.

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.

Agenda is in Central time

Wednesday, September 2 - Workshop Pre-Call

 
10:00 am Group Q&A and Review of Pre-Reading (60 minutes)  
   

Day 1 - Wednesday, September 9, 2020

   
10:00 am Welcome and Introductions
   

10:30 am

 

Module 1: Family Goals and Family Office Roles

Defines and introduces building blocks and sophisticated concepts behind family offices including reasons to form and maintain an office, various types, evolution, functions and purpose, and other attributes of offices. The office’s central role as risk manager and other roles are introduced.

   
11:00 am Break
   
11:15 am

Scope of Services and Service Delivery

Sets forth the universe of services provided by family offices and how they are delivered in a customized and integrated manner to meet the technical requirements of managing a family’s wealth and enhance family meetings, educate the next generation, among other benefits.

   
11:45 am

Service Exercise

   
12:15 pm

Day 1 Concludes

   
Day 2 - Thursday, September 10, 2020
 
   
10:00 am Case Studies on Types of Offices
   
10:30 am

Talent and Team Structure

Introduces the notion that the integrity of the family office staff has the greatest impact on the office’s success. This session examines the roles and responsibilities of staff members, organizational structures, mapping of key skills to services, coordination and oversight of third-party advisors, and compensation.

   
11:00 am

Break

   
11:15 am Value and Cost of the Family Office
   
11:45 am

Technology and the Family Office

With an exploration of best practices, this interactive session is designed to clarify your next steps in the family office design process and explore ways to help you measure success.

   
12:15 pm Day 2 Concludes
 
Day 3 - Friday, September 11, 2020
 
   
10:00 am Welcome and Q&A
   
10:15 am

Ownership, Governance, and Metrics

Provides an understanding of family office board structures and functions as well as decision-making processes in family offices, with reference to mission, leadership, and succession. Benefits of governance and appropriate degrees of formality are addressed.

   
11:00 am Break
   
11:15 am

Measures of Success / Best Practices  

With an exploration of best practices, this interactive session is designed to clarify your next steps in the family office design process and explore ways to help you measure success.

   
11:45 am

Initial Design for Your Family Office

Through concepts and templates provided to participants during the session, this discussion will focus on strategies for designing and refining your family office.

   
12:00 pm Next Steps, Final Questions, and Wrap-up
   
12:15 pm

Day 3 Concludes

   

Monday, November 2 - Group Strategic Planning

Talk through with peers and the FOX team about the design process for their respective offices.
   
10:00 am Welcome and Q&A
   
10:15 am Design for Your Family Office
   
11:00 am Break
   
11:15 am Design for Your Family Office
   
12:00 pm Final Questions and Wrap-up
   

Optional Individual Q&A and Strategic Planning

  Individual Q&A and Planning Session. (60 minutes)

 

FOX Presenters

Charles B. Grace, III
Managing Director, Family Office Exchange

Charles B. Grace, III is a Managing Director at Family Office Exchange (FOX) and based in New York City. He works primarily on Advisory Group projects at FOX for multi-generational families and family offices covering all aspects of wealth management. Assignments have included strategic planning, generational transitions, family office design and assessment, governance, operations and processes, development of investment programs, advisor due diligence, and best practices. Charlie is also active at FOX with family office and wealth advisor members as well as the firm’s thought leadership and original research. Charlie has been active for 20 years in the family office community advising high net worth families and serving as a resource to family offices. He graduated with a J.D. from the Washington College of Law. Charlie received a B.A. and M.A. in history from Bates College and the American University, respectively.

 

Sara Hamilton
Founder and Chief Executive Officer, Family Office Exchange

Sara Hamilton is the Founder and CEO of Family Office Exchange (FOX). Sara is a recognized visionary and credited with professionalizing the family office industry. Sara founded 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, managing financial transitions, and educating family members on responsible ownership. 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. FOX has built a unique team of professionals serving multigenerational families, led by 15 technical experts who are supported by a dedicated team of 30 additional employees based in Chicago, New York, and Madrid.

 

Glen W. Johnson
Chief Operating Officer, Family Office Exchange

Glen Johnson is Chief Operating Officer at Family Office Exchange (FOX). In this role, he is responsible for all aspects of the member experience, ensuring that each family member, family office executive, and trusted advisor has an unsurpassed experience partnering with FOX by providing unique industry knowledge and insights coupled with a safe and confidential environment where members can share best practices. Glen has over 30 years of experience working with family offices, business owners, and executives, first as an attorney and then as a wealth advisor, eventually founding Mirador Family Wealth Advisors – the multi-family office for Fifth Third Bank. Glen earned a Bachelor of Sciences degree in Education from the University of Michigan in Ann Arbor, MI and a Juris Doctorate degree from Wayne State University Law School in Detroit, MI.

 

Kent Lawson
Technology Advisor, Family Office Exchange

Kent Lawson is a key resource for FOX and leads endeavors focused on technology among other important deliverables to clients of FOX. Kent has spent over 25 years serving the wealth management community in a variety of roles. He has run his own organizations providing strategic leadership as a trusted advisor and has more than a decade of technology, vendor experience, and over 10 years at the executive level within a single family office.