A rising generation of clients in their 20s and 30s turned to Jim Steiner, president of Abbot Downing, and asked him to share his insights, both as a parent and a wealth management leader. Through four memorable stories and thoughtful questions, Mr. Steiner reflected on matters of career, philanthropy, family, and leaving a legacy. He beg...
Seventy-seven percent of employees want voluntary benefits. But with so many options available in today's market, it's crucial to choose the right benefits, based on your employees' demographics, claims history, and expressed wants and needs. A good place to start is to know the trending voluntary benefits and when top employers are off...
The enterprise-wide accounting and finance platforms that other industries employ have not historically satisfied the unique information and reporting requirements of private wealth management firms and family offices. Fortunately, material advances in investment accounting technology, as well as fresh ideas around accounting best practices have em...
This presentation uses survey data and case studies to explore non-monetary incentives employed by single and multi-family offices including policies for paid time off and other benefits and perqs. Most single family offices are smaller organizations that employ 20 or fewer people. Their policies related to non-monetary incentives vary dependi...
Families of significant wealth often own a diverse mix of assets, including multiple residences, less liquid alternative or private equity investments, and valuable collectibles, all of which requires more sophisticated planning. They also have somewhat different emotions about their wealth that can include, among others, fear that wealth can have ...
Family wealth executives often struggle with determining how to allocate fairly the collective expenses of managing shared family wealth. Drawing on 2008 FOX research, this 2009 FOX Fall Forum presentation examines pricing methodologies and practices used by both single and multi-family offices, with an emphasis on innovative strategies a...
Ask a wealth management colleague to define “the cloud” and you are likely to get a vague response. Even among information technology experts, the term “cloud” may refer to different technologies that are only connected in a general sense. And despite the fact that cloud computing has quickly become the IT norm, the question...
In a competitive global marketplace, employers across the United States spend countless resources attempting to set themselves apart and claim their share of available business opportunities. Against that backdrop, it is easy to understand why employers will do everything possible to protect the confidential information they have created and the go...
In May 2017, the House of Representatives passed the American Health Care Act (AHCA). Although at this point it is just a bill and not the law, the House bill provides insights into what the future may hold for employer plans. If the bill is passed, there are ten key points that impact employer-sponsored benefit plans, including modified continuous...
President Trump’s recently released proposed budget for Fiscal Year 2018, titled “A New Foundation for American Greatness,” has numerous points of interest for employers, including proposals to: cut the Department of Labor’s budget; slash the budget and workforce of the National Labor Relations Board; reduce the budget of th...
Tremendous forces are radically reshaping the world of work. Economic shifts are redistributing power, wealth, competition and opportunity around the globe. Disruptive innovations, radical thinking, new business models and resource scarcity are impacting every sector. Businesses across the world are beginning to understand that they need a clear an...
Every family office works with a variety of external advisors. In this 2011 FOX Fall Forum presentation, a multi-family office CEO and a single-family office CEO shared their perspectives on managing a family’s advisor ecosystem.The advisor ecosystem is defined as the network of personal and professional advisors who work to help the office staff a...
In this 2011 FOX Fall Forum session, key lobbyists and attorneys shared how the new SEC regulations apply to single family offices and outline options for offices that do not qualify for exemption.The new SEC rule defining “family office” and exemption qualifications are as favorable as wealth owners and family office executives could hope. The SEC...
At the the 2011 FOX Financial Executives Forum, the president of the Private Investor Coalition describes how this group of 65 single family offices has worked with Congress and the SEC to secure a broad definition of family offices under terms of the Dodd-Frank Act. The new SEC rule defining “family office” and exemption qualifications are as...
Wealth owners have an 18-month window of opportunity to capitalize on gift, estate, and generation-skipping tax provisions of the 2010 Tax Act. In this session at the 2011 FOX Financial Executives Forum, a noted trusts and estates attorney recommends what to do now. From now until the end of 2012, couples have an opportunity to seize on a gift...