Family Office Trends- 2020: IMPACT INVESTING

A significant number of family offices globally are exploring ways to invest for impact. What is SRI or sustainable, responsible and impact investing? SRI is an investment program that considers environmental, social and corporate governance criteria to produce long-term financial returns that also have a positive social impact. Another acronym being used is ESG, which… Read more »

FAMILY OFFICE TRENDS- 2020: Business Planning

Due to the constantly changing economic climate, organizations cannot wait for an entire year to evaluate their profitability and business plans. Most well run family offices and their businesses are moving toward a continuous planning process that is revised throughout the year. This new comprehensive business planning model provides management with a much more effective… Read more »

Family Office Trends – 2020

Last week we mentioned three areas that will be trending in 2020, investment strategies, cybersecurity and the rising costs to manage a family office. Here is another area that should be addressed: SUCCESSION PLANNING This is one of the most significant areas of concern as we meet with family offices both domestically and internationally. While… Read more »

FAMILY OFFICE TRENDS-2020: The Start of a Series

FAMILY OFFICE TRENDS-2020 (The Start of a series) There are numerous changes taking place within family offices globally. 1. INVESTMENT STRATEGIES One change that has been steadily on the rise is the significant rise in direct investments by family offices. Almost 40% of family office investments are through direct investments and we expect this trend… Read more »

QUEST FAMILY OFFICE SEARCH IS GROWING!

QUEST FAMILY OFFICE SEARCH, the fastest growing affiliated company of The Quest Organization Inc., is expanding nationally. While most recruitment firms take job orders and try to fill them based upon specifications provided by their clients, our approach is quite different. Our holistic approach includes an in-depth meeting with each Family Office to understand the… Read more »

THE QUEST ORGANIZATION EVENT IN SAG HARBOR, NY WAS HIGHLY SUCCESSFUL

The Quest Organization is an Executive Search and Advisory Firm that specializes in working with Family Offices throughout the country. The panel of Michael Rosenblatt, Kamil Homsi and Candice Beaumont spoke about Advisory Boards for Family Offices and the benefits of having a Board as well as how to hire a Board and structure their… Read more »

FAMILY OFFICE TRENDS 2019-2020

With the significant growth of family offices globally, they will require more sophisticated and talented human capital, more advanced technology, revised investment strategies, better financial analysis and reporting and more transparency. In addition, governance and succession planning are two areas that should be reassessed. One area of our concern, is the software being used by… Read more »

FAMILY OFFICE CULTURE

One of the most significant issues to be considered in hiring for a family office is the “culture” of the organization. Each family has their own “family office culture” and it may or may not be reflected in the way the organization is run. The interaction of the family members with each other as well… Read more »

RETAINING TALENT IN FAMILY OFFICES

It is challenging enough to find the right candidates for family offices, however when you lose a valuable employee it can have a significant effect on the family office and morale overall. There are significant differences between the working environments of a typical corporate office and a family office. One of most important differences is… Read more »

Key issues for Family Offices 2019

After speaking with numerous family offices this year, the following topics were the most often discussed: 1) Investing in Real Estate- Investors are very interested in how they can reap profits from investing in Real Estate. They want to know how they can identify the best deals and they want truly “off market” properties. 2)… Read more »