Managing Family Office
14 - 15 March 2012 London, Mayfair
Successful Strategies for Managing Modern Family Office and Wealth Management for HNWIs
Last chance for our Early Bird Promotion. Register today and save £180!
This 2 day practical programme for family office representatives and wealth managers explores the best strategies for preserving family wealth and managing a modern family office. From operational setting, choosing investment strategy and asset allocation, to cost and risk management, tax advisory and philanthropy - you will have a chance to explore the latest wealth management strategies.
By the end of this course you will be able to:
- Have an in-depth practical understanding of the role and functions of a family office
- Manage family office from choosing an advisor, to cost, risk and cash flow management
- Define investment strategy
- Structure wealth and manage intergenerational wealth transfer
- Advise on philanthropy
- Understand the latest changes in the wealth management sector
Main Topics Covered include:
- Evolution of the family office
- Current challenges and the changing role of the family office
- Setting up and managing family office
- Selecting advisors
- Cost management
- Family governance
- Services provided by a family office
- Investment strategy
- Tax management and advisory
- Wealth structuring and fiduciary services
- Financial planning
- Asset allocation
- Philanthropy
- Reputation management
The course is designed for family office professionals and wealth managers and will give you an insight into the best practices for wealth management and wealth preservation.
Description
Notwithstanding the economic slowdown the growth of Family Offices continues at an impressive pace. Globally, it is thought that there are 11,000 family offices in existence and it is expected that this number will continue to grow as the needs of wealthy families become more complex.
As successful families become more international in their outlook so their needs become more complex and they seek cross border planning solutions that may require the use of service providers with global expertise or a network of advisors from different disciplines and across different geographic locations where the extended family may have business interests, family members or financial assets situated.
This practical 2 day course explores the latest trends in the family office sector.
Who Should Attend
Heads and Members of:
- Muliti and Single Family Offices
- Wealth Managers
- Private Bankers
- Client Relationship Managers
- Consultants
- Heads of Family Services
- Head of Business Development
- Financial Planners
Teaching Method
This is a highly practical course with many real life case studies and exercises. Tutor will be focused on teaching practical strategies that can be taken back to your business and put into immediate effect.
You will benefit from comprehensive take away course documentation.
In order to help us establish your individual and business concerns, you will be asked to fill pre-course questionnaire.
Because of the nature of the course the number of places is limited and will be filled on first come, first accepted basis. We advise to book in advance in order to avoid disappointment.
Managing Family Office - A 2 Day Programme
Introduction
- What is a Family Office?
- Evolution of the Family Office concept
- History and origins
- Typical objectives and structures
- Overview of different operating models
- Current issues and challenges
- The future - the changing role of the family office
Managing the Family office
- The “make” or “buy” decision
- Considerations when establishing a Family Office
- Multiple family office vs private bank
- Selecting advisors
- Managing advisor networks – coordination and collaboration
- The role of technology
- Cost management
- Risk management – wealth preservation and protection
- Asset protection
Family Governance and dynamics
- Goal setting and managing expectations
- Changing and evolving needs
- Succession planning
- Education
- Cultural issues
An overview of the services of a Family Office
- Investment strategy and asset allocation
- Implementation and monitoring the portfolio management process
- Access to alternative assets – special considerations for Family Offices
- Tax management and advisory
- Cash flow management and budgeting
- Wealth structuring and fiduciary services
- Multigenerational wealth transfer and succession planning
- Financial planning and advisory
- Philanthropy
- Family Dispute Resolution
- Residence and citizenship planning
- Managing the Family Businesses
- Legal support
- Reputation management
Asset Allocation Strategies
Trends in the Family Office industry
- Developing new sources of knowledge
- The “globalization” of the high net worth family
- “Specialization” with multiple providers or “one-stop shop”
- Networking groups
Bill Humphreys
Bill began his private banking career with Royal Bank of Canada where he spent 15 years in a wide variety of senior roles covering almost all aspects of the private banking business both onshore (London) and offshore (Bermuda). During this time he led successful asset management, trust and banking operations, focusing on the needs of international high net worth and ultra high net worth private clients.
He was also a member of the Global Private Banking Management team and managed many aspects of the integration of a substantial international private banking acquisition.
Bill has also worked with Swiss private banks where he was responsible for developing the international private client market in the UK. Throughout this period, he also maintained a portfolio of high net worth international private client relationships.
Bill has broad general wealth management experience but his particular area of expertise is in developing financial planning solutions for international high net worth private clients and their businesses that have complex cross border planning issues. In this capacity he has marketed private banking solutions to other centres of influence including private client and tax lawyers, accountants, independent financial advisers and brokers.
14 - 15 March 2012 London, Mayfair
Early Bird discount until 15 of Feb £1795 + VAT. Save £180!
Regulat price £1950 + VAT
- 5% discount for a booking of 2 and 10% for a booking of 3 people. Delegates have to be from the same company and register at the same time in order to claim the discount.
- Only up to 2 discounts can be claimed at any given time.
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In-Company Training
If you have a team of 4 or more this course can be customised and organised in-house at your convenience. Contact one of our advisors to find out more.
Call us now on +44 (0) 207 993 8597
