Family Office Workshop
30 September - 1 October 2010 London
Successful Strategies for Managing Family Wealth
This intensive 2 day training run by a former senior private banker and family office advisor will tell you everything about 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 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 tax and philanthropy
- Understand the latest changes in the wealth management sector
This practical course designed for wealth managers, family office professionals and private bankers will give you an insight into the best practices for wealth management and preservation.
Main Topics Covered During This Training
- The history and future of family office
- Functions and structures of a family office
- Single vs multi-family office approach
- Setting the operational structure
- Family governance and goals
- Investment strategy and asset allocation
- Cost budgeting and cash flow management
- Wealth structuring and fiduciary services
- Tax management and advisory
- Philanthropy
- Current challenges and the changing role of the family office
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
The course is structured around case studies, practical exercises and real life examples to ensure that the delegates are equipped with the skill set necessary to deal with the challenges of contemporary wealth management sector.
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.
Family Office Training - 2 Day Course London
Introduction
- What is a Family Office?
- Who needs a Family Office?
- Past, Present & Future of the Family Office
- Functions & Structure(s) of a Family Office
Managing the Family Office
- The “build” or “buy” decision
- Cost/benefit analysis of setting up a Family Office
- Overview of different operating models
- Should a Family Office operate at a loss, profit or break-even?
- Role of family members vs professionals in a Family Office
- Single or Multi- Family Office approach
- Operational infrastructure of a Family Office
Family Governance & Goals
- Defining the family’s values & objectives
- Identifying the skills & resources of the family members
- Wealth ‘builders’ & wealth ‘consumers’
- Goal setting & managing expectations
- Future-proofing the family’s needs & goals
- Conflict resolution within a family
- Wealth Transfer & Succession planning
- Training for managing wealth
Typical Functions of a Family Office
- Investment strategy & asset allocation
- Choosing & coordinating advisor networks
- Consolidating, reporting & monitoring the investment process
- Risk management – wealth preservation & protection
- Cash flow management & budgeting
- Financial planning & advisory
- Philanthropy
- Funding & managing new family businesses
- Wealth structuring & fiduciary services
- Tax management & advisory
- Residence & citizenship planning
- Asset protection
- Legal support
- Reputation management
Trends in the Family Office sector
- Disintermediation of traditional private banks
- Family Offices as institutional investors
- The global high net worth family
- Outsourcing of service providers
- Family Office networks
Anthony Brewis
Anthony Brewis is a co-founding partner of CandorSys LLP. He has had many years’ experience working with high net worth families and family offices in managing their assets. He is a former senior private client manager and business head, with extensive international knowledge and a background in many areas of banking.
Anthony is also a senior member of Nean Wealth Advisors (NWA), a firm that provides strategic wealth planning and succession services to wealthy international families. Prior to joining NWA in June 2002, Anthony was a Director of Scorpio Partnership Limited, a strategic research and consultancy firm, focusing on the wealth management industry. At Scorpio Partnership, he was responsible for the consultancy practice and professional training services.
From 1995 to 1998, he was a director at Kleinwort Benson Investment Management, where he was head of the international private banking sales team covering Europe, the Middle East, India and the Far East.
From 1972 to 1995, Anthony worked at JP Morgan, where his responsibilities included head of private banking for Southeast Asia and Head of the Zurich office for JP Morgan (Suisse). Anthony also held a number of senior positions within Morgan’s capital markets, corporate finance and non-credit services operations.
Carolyn Goldsmith
Carolyn Goldsmith is a CandorSys LLP partner. Carolyn worked in IT for Barclays Bank for 21 years, the last 13 of which were in Private Banking. She has experience in the development of business strategy through to implementation of business and IT solutions. Major projects include: responsibility for the IT elements of a major corporate restructure; rationalisation of a number of back-offices into one centre; design and implementation of a Private Client Relationship Management System; and development of systems to support a Global Private Client Advisory business.
In 1997, Carolyn was given responsibility for IT for Barclays Private Bank Limited the London based private banking business and in 2000, she was made Global Head of IT for Barclays Private Banking. She managed a multi-million pound IT budget and had responsibility for over 100 staff located globally supporting 17 private banking offices worldwide.
Carolyn has worked in London, New York, Switzerland and the UK Offshore Islands. She also has experience of working in Monaco, Hong Kong and Singapore. She has worked with regulators and auditors in many jurisdictions - including the Federal Reserve in the US.
30 September - 1 October 2010 London
Early Bird till 31 August: £1795 + VAT.
Regular Price: £1950 + VAT
2 people - 5%, 3 people - 10% discount. Delegates have to be from the same company and register at the same time.
IN-HOUSE 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) 207 193 5035
