The Complete Family Office Handbook : 2nd edition - A Guide for Affluent Families and the Advisors Who Serve Them

Discover new insights on how to setup, manage, and advise wealthy families and their family offices
 
The Complete Family Office: A Guide for Affluent Families and the Advisors Who Serve Them, 2nd Edition represents the newest update to an essential series. This book prepares the members of wealthy families to collectively manage, sustain, and grow their wealth across multiple generations. It also assists professionals who advise families to better serve their needs.
 
This book teaches those who advise family offices and wealthy families on:
 
* How to setup, structure, and advise a family office
 
* Current compliance, fiduciary and risk management practices for a family office
 
* Forward-thinking investment management, estate planning, and private trust company considerations
 
* Fresh insights on philanthropy, legacy, and impact investing
 
* Best practices to managing family wealth education and preparing next generation owners
 
* New insights on family governance, strategic planning, and succession
 
* Methods to create a family constitution, mission, and vision for families and their family offices.
 
The Complete Family Office Handbook provides the most comprehensive, current research, practical guidance, and approaches from leading family offices from around the globe and illustrates, by way of practical case studies and examples, how families can effectively manage their wealth for the long term.

Table des matières

Foreword xix
 
Preface xxi
 
Acknowledgments xxv
 
Chapter 1 Introduction to the Family Office 1
 
Kirby Rosplock, PhD
 
A Macro View of Global Wealth 2
 
Billionaire Update 7
 
How Much Do I Really Need to Fund a Family Office? 10
 
Purpose and Definition of the Family Office 11
 
Historical Background of the Family Office 12
 
Family Office from the Industrial Age to Current 13
 
Key Roles of the Family Office 16
 
The Executor and Trusted Advisor 16
 
The Guardian and Watchman 17
 
The Librarian and Guru 19
 
Family Office Orientation to Family, Strategy, and Operations 19
 
Conclusion and Final Thoughts 24
 
Notes 24
 
Chapter 2 Family Office Evolution: Inceptions and Archetypes 27
 
Kirby Rosplock, PhD
 
Inception of a Family Office 27
 
Scale: How Much Is Enough? 28
 
Impact of the Family Business on the Family Office 30
 
Attractions and Challenges with Embedded Family Offices 30
 
Separating the Family Office from the Family Business 32
 
Sudden Wealth 33
 
The Investment-Focused Family Office 34
 
Family Offices Through the Back Door 35
 
Family Business Exit and Liquidity Event 36
 
Family Office Archetypes 37
 
The Founder's Family Office 37
 
The Virtual, Administrative, and Compliance Family Office 38
 
The Philanthropic Family Office 39
 
The Direct Investment and Investment Offices 39
 
The Family Business-Focused Family Office 40
 
The Multigenerational-Focused Family Office 41
 
Mathile Case Study 42
 
Background: Inception 42
 
Evolution of the Family Office: Strategic Planning Cycles 43
 
A Multigenerational Perspective 44
 
Alignment, Urgency, and Action 45
 
Discovery and Steps 47
 
Involving Outside Experts 48
 
Conclusion and Final Thoughts 49
 
Notes 50
 
Chapter 3 Comparing Family Office Solutions: Multi- and Single-Family Offices 53
 
Kirby Rosplock, PhD
 
Trends in the Family Office Landscape 54
 
Determining Family Wealth Management Needs 58
 
Why the Single-Family Office Solution? 59
 
Why the Multi-Family Office Solution? 65
 
Questions to Ask During the Evaluation Process 68
 
Pathways to Selecting a Multi-Family Office 74
 
Godspeed Case Study 75
 
Introduction 75
 
Background of the Family and Family Office 75
 
A Trigger and Decision for a New Direction 76
 
Journey to Find What Is Next 76
 
Decision-Making Process 77
 
Final Cut 78
 
Key Insights and Outcomes 80
 
Conclusion and Final Thoughts 81
 
Notes 82
 
Chapter 4 Family Values, Mission, and Vision and the Family Office 83
 
Kirby Rosplock, PhD
 
Introduction to Values 83
 
The Process of Exploring Values 85
 
Values Statement 86
 
Mission Statement 87
 
Values, Mission, and the Family Office 88
 
The Importance of Vision 89
 
Elements for Successful Family Office Visioning 92
 
Building Your Family Office Vision 94
 
Pitcairn Family Case Study 95
 
Five Steps to Creating a Family Vision 98
 
Step 1: Clarifying the Process and Expectations 99
 
Step 2: Vision Retreat Pre-Planning 99
 
Step 3: Staging a Vision Retreat 100
 
Step 4: Timing for a Vision Retreat 100
 
Step 5: Aligning Vision and the Strategic Plan 100
 
Conclusion and Final Thoughts 101
 
Notes 102

A propos de l'auteur

KIRBY ROSPLOCK, PHD, is the founder of Tamarind Partners, Inc., a world-class family office consultancy and founder and Chief Learning Officer of Tamarind Learning, a comprehensive, virtual learning platform for family offices, advisors, and the families they serve. Visit our websites at TamarindPartners.com and TamarindLearning.com to learn more.

Résumé

Discover new insights on how to setup, manage, and advise wealthy families and their family offices

The Complete Family Office: A Guide for Affluent Families and the Advisors Who Serve Them, 2nd Edition represents the newest update to an essential series. This book prepares the members of wealthy families to collectively manage, sustain, and grow their wealth across multiple generations. It also assists professionals who advise families to better serve their needs.

This book teaches those who advise family offices and wealthy families on:

* How to setup, structure, and advise a family office

* Current compliance, fiduciary and risk management practices for a family office

* Forward-thinking investment management, estate planning, and private trust company considerations

* Fresh insights on philanthropy, legacy, and impact investing

* Best practices to managing family wealth education and preparing next generation owners

* New insights on family governance, strategic planning, and succession

* Methods to create a family constitution, mission, and vision for families and their family offices.

The Complete Family Office Handbook provides the most comprehensive, current research, practical guidance, and approaches from leading family offices from around the globe and illustrates, by way of practical case studies and examples, how families can effectively manage their wealth for the long term.

Détails du produit

• Auteurs: K Rosplock, Kirby Rosplock, Rosplock Kirby
• Edition: Wiley, John and Sons Ltd
• Langues: Anglais
• Format d'édition: Livre Relié
• Sortie: 30.06.2020
• EAN: 9781119694007
• ISBN: 978-1-119-69400-7
• Pages: 480
• Dimensions: 163 mm x 236 mm x 36 mm
• Catégories: Sciences sociales, droit, économie > Economie > Economie privée; Business & Economics / Personal Finance / Money Management, BUSINESS & ECONOMICS / Finance / General, LAW / Estates & Trusts, United States of America, USA, Small businesses and self-employment, Finance & Investments, Finanz- u. Anlagewesen, Institutionelle Finanzplanung, Institutional & Corporate Finance, Entrepreneurship / Start-ups, Finance and the finance industry