Designing the Family Office
We believe that the key to a successful family office structure lies in having a strong foundation. There is no one size fits all approach to designing and setting up a family office. We commit to delivering a tailored approach and result to each individual family.
Our approach to designing the family office has been successful, because of our commitment to a proven methodology.
We start by setting up a series of meetings with the family principal and key family members to establish clear goals and objectives.
We meet with the family’s existing advisors, because we find their insights to be invaluable.
We then prepare a Design Engagement that very clearly establishes the goals and deliverables.
We spend considerable time modeling and testing various ideas until we have reached a consensus that we are aligned for success.
Building the Structure
Once the foundation is solidified, we spend considerable time crafting and developing the building blocks to the organizational structure. We help families think through the many different challenges and needs, such as:
Family Mission/Value Declaration
Family Board structure
Staffing model and matrix with job descriptions
Process flows and procedures for every position and decision
Business and Investment oversight
Information technology (IT) solutions for reporting and protecting data
Risk management & security solutions for protecting people and property
Emergency and crisis planning (e.g. What happens if there is a fire, earthquake, theft, etc.)
Family Education and next generation planning
Fortifying the Organization
Once we complete structuring a family office, we maintain an ongoing relationship with the family to ensure it is managed for success. There are often changes and adjustments that are required, as circumstances within the family and/or the family office evolve. We are available to our families as a long-term resource. We are often asked to come back in to address:
Introductions to other family offices, club investments and other resources
New policies and procedures
Changes in family dynamics
New business direction
IT and Software changes
Risk management concerns