Typically, a CFO may be the first “C” level executive that a family office hires.
In the past, many family patriarchs or matriarchs would take care of the investments, capital calls, cash management, due diligence, deal flow, strategic planning, and other finance and human capital issues.
Currently, in this highly sophisticated business climate, they have decided to bring in top professionals who have the expertise to assist in the management of the finances of the family office and with risk management, mergers and acquisitions and wealth preservation. There is a very strong demand for CFO’s with family office experience and there appears to be a shortage of candidates.
A typical CFO for a family office can bring extensive knowledge of investments, taxes, deal structuring, risk management, technology, treasury, mergers and acquisitions, cost containment, and even compliance where necessary. Having an independent and honest opinion of the financial aspects of the family business is extremely valuable and can serve to provide a highly useful resource to the family.
For additional information on how to hire a highly qualified Chief Financial Officer for your family office, please contact: Michael F. Rosenblatt, President of FON Search and The Quest Organization at 212-971-0033 or via email at firstname.lastname@example.org