FAMILY OFFICE TRENDS: 2019-2020

Family offices continue to experience significant growth globally. Not only has there been growth in the amount of Family Offices, but the amount of wealth being managed by these family offices has also grown tremendously. With estimated assets of over $4 trillion, they have become true competitors for some of the large companies and institutions…. Read more »

FON SEARCH expands with a new division- FON TEMPS

Effective January 1, 2019, FON SEARCH has expanded into the temporary services business with FON TEMPS, an affiliate of Questemps, Inc. Now that the year is over, most companies and family offices have a significant amount of work to do to get ready for the year-end audit and tax return preparation. Instead of hiring candidates… Read more »

‘Tis the Season to Hire

As 2019 fast approaches and plans for the new year continue to take shape, the professionals at FON Search are busier than ever helping companies navigate their business requirements. The team filled 100 positions in 2018 and expects to triple that in the coming year. Whether you’re a family office, hedge fund, private equity fund… Read more »

FAMILY OFFICES GROWING IN CHINA AND INDIA

The demand for Family Offices continues to increase dramatically, especially in those countries where more billionaires are being created. India, one of the fastest growing economies in the world and Asia which has created more high net worth individuals surpassing North America, are creating more Family Offices to manage their personal and corporate needs. In… Read more »

FAMILY OFFICE CFO CHALLENGES

Chief Financial Officers typically have an all encompassing role, whether in large corporations, middle market entities, start-ups or Family Offices, however Family Offices have some additional responsibilities as well. As private equity, hedge fund managers, entrepreneurs and others experience significant liquidity events one of the most attractive alternatives to managing their wealth appears to be… Read more »

WORKING FOR FAMILY OFFICES-WHY ARE THEY SO DESIRABLE?

In light of the outstanding economy, low unemployment and the robust job market there has been a substantial increase in demand by candidates to work in a Family Office. At FON Search, we specialize in placing professionals with Family Offices nationwide and internationally, and I felt that it would be helpful to provide information on… Read more »

OUTSTANDING YEAR FOR FAMILY OFFICES

Returns have been almost double the amount that they were in 2017 for family offices worldwide. The average investment portfolio for family offices globally was approximately 15%. The reasons for the outstanding performance were the strong market overall and the fact that family offices are now taking a longer term approach to investing. Family offices… Read more »

Opportunity Zone-New Guidelines

After several months of discussion, The Department of Treasury released new regulations and clarifications about the Opportunity Zone program that can benefit business owners, investors and developers who put money into a “qualified opportunity fund”. Most of our family offices, FON Search and The Quest Organization, feel that the new guidelines will cause more real… Read more »

Biggest mistakes made when setting up Family Offices

The growth of Family Offices globally has been on a record pace. In 2008, there were an estimated 1,000 single family offices worldwide. According to recent surveys there are over 10,000 family offices globally and approximately 5,000-6,000 in the United States. Some of the most critical mistakes that are being made when establishing a Family… Read more »