In this 2009 FOX Fall Forum presentation, Ellen Perry outlines four ways in which families of significant wealth can enhance their human capital, developing the skills and talents of the younger generation, strengthening family ties and enabling individual members and families as a whole to flourish for multiple generations.
In a clip from the 2009 Fall Forum Peter Karoff comments about using wealth to influence social issues.
How should an investor allocate across active and passive investments? It’s a challenging decision with numerous components, and for many investors, indexing has become a valuable starting point that leads to choosing to index their entire portfolio. But our analysis shows that for those who are comfortable with the characteristics of active ...
In this collection of tax alerts and articles, we provide legislative and regulatory insights to help family offices address their concerns in the following areas: estate and gift tax, charitable giving, partnerships, tax planning for non-resident entering the U.S. tax system, and tax treatment in the financial services industry.
Investing evokes emotion, and even sophisticated investors should arm themselves with a long-term perspective and a disciplined approach. Abandoning a planned investment strategy can be costly, and research has shown that some of the most significant derailers are behavioral: the failure to rebalance, the allure of market-timing, and the temptation...
More than ever before, families and individuals are creating trusts and limited liability companies and transferring legal ownership of one or more of their properties to these entities. Very often these arrangements are an important component of a family’s overall financial and wealth management strategy. But without an insurance program tha...
For all the risks that tend to step up as you age, there are also far more opportunities to live life the way you want to, and probably longer and in reasonable health. What will help smooth the transition through the stages of aging will be a proactive approach to managing potential roadblocks on the way. As you begin this journey, the more aware ...
The legal qualifications for a trustee are simple: the person must be over the age of 18 and legally competent to manage his/her own affairs. The practical qualifications, however, are much more complicated. Most importantly, a trustee must have the skill set to properly administer the trust and meet the needs of the beneficiaries and must possess ...
So, you need to hire someone to work at your home—a housekeeper, a chef, or a personal assistant. You have decided not to contract these services to a local company, and your family office does not hire staff for you. It is up to you to fill this position. Before letting a stranger into your home, it is important to understand the domestic em...
If you are wondering how it is possible that everyone in your family is offering an excuse for missing the family meeting date, then it is time for some new ideas or approaches to turn these meetings into events that no one wants to miss. How? By planning a purposeful family event that also happens to include the family meeting. In addition, it wil...
When it comes to placing a value on your fine art collection, it is important to understand and debunk the appraisal myths. It begins with correcting the myth that an appraisal is not needed when in fact it is crucial to establish and protect your valuable collection. Know the facts and guard yourself against the myths that could place your fine ar...
Lending or transporting your artwork is one of the most vulnerable times when you are susceptible to losses. When it comes to protecting your artwork against those losses, this checklist will help you understand the benefits of working with vendors that have the right level of experience and reputation to help you make an informed decision.
In the last few years, hackers and cyber criminals have become much more sophisticated in how they steal private information, which has led to massive data breaches. These data breaches not only cost an organization hundreds of thousands of dollars in fixes and possible fines, they can ruin a long-established reputation in a matter of hours. Puttin...
Bring Your Own Device (BYOD) policies are becoming more and more popular, and with good reason. As the capabilities of tablets and smartphones continue to rapidly expand, the mobility revolution has been a boon for businesses and employees alike, enabling greater productivity and more flexibility. BYOD amplifies those efficiency gains, reducing adm...
All organizations absorb and retain digital data, and it’s tempting to imagine computer systems are airtight vaults immune to cyberattacks. In reality, IT infrastructure is like a sponge with gaping holes that can cause data to end up in the wrong hands when things don’t go according to plan. Although hacks of all types are increasingly...