Family Office Workshop
This 2 day practical programme for family members and family office representatives run by an experienced family office advisor 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 tax and philanthropy
- Understand the latest changes in the wealth management sector
The course is designed for family members, family office professionals and wealth managers 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
- 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
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
