Скачать или смотреть Other Outsourced Services - Estate Planning, Legal, Tax

The webcast discusses the evolving landscape of family offices, particularly regarding talent acquisition, outsourcing, and generational transitions, based on a 2025 talent predictions article from Mack International.

Key Points:

Outsourcing the Chief Investment Officer (CIO) Role:
Many families, especially those newly formed after a liquidity event, opt for outsourced CIO models to access top-tier talent and share costs.
The cost of building an in-house investment team is significant, making outsourcing attractive for families with less than a billion dollars in assets.
The OCIO model has challenges, but boutique OCIO models and hybrid approaches with internal investment professionals are gaining traction.

Other Outsourced Services:
Estate planning and specialized legal counsel are commonly outsourced.
General counsel roles are increasingly being insourced for initial legal assessments and coordination.
The decision to outsource depends on the family's priorities, budget, and values.

Virtual Family Offices:
Virtual family offices are becoming more common, especially among next-generation members.
They offer cost savings and flexibility, but require a strong "expert generalist" to coordinate external providers.
Technology is helping to allow for a more virtual family office.

Compensation:
CIO compensation varies widely based on the role's scope and complexity.
Factors like co-investment and carried interest also influence total compensation.

Next-Generation Involvement:
Next-generation family members are taking more visible roles in family offices.
This increased visibility raises security concerns, including cyber threats and physical safety.
It is very important to make sure that the values of the family are passed down to the next generation.

Succession Planning:
Early and frequent communication of family values is crucial for successful wealth and value transfer.
Creating opportunities for storytelling and shared experiences helps instill family values.
The family should have a trusted person, that is only concerned with the families best interest, to over see the family office.

Cyber Security:
Cyber security is a growing threat to family offices, and should be a high priority.
It is very important to have a cyber security plan in place.

https://familyenterpriseusa.com

Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions, and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization.

Family Enterprise USA promotes family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC.

Family Enterprise USA members meet with legislators in Washington D.C., to present non-partisan intelligence, research and information on the economic impact family businesses have on the US economy and job growth, as well as the contributions they make to their communities.

We hope your family will choose to be a member of Family Enterprise USA. For more information please contact us.

Join Today
https://familyenterpriseusa.com/donat...

Learn More About The Annual ​Family Business Survey
https://familyenterpriseusa.com/famil...

   / @familyenterpriseusa5848  
   • Secure Top Talent: 2025 Family Office Hiri...