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 »

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 »

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 »

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 »

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 »

Based upon a number of studies, most family offices had returns of over 15% in 2017. The increase in performance was due primarily to the investment in equities, as we continue to see a strong bull market. In addition, the second largest investments have been in private equity funds. Family offices continue to become more… Read more »

While Family Offices continue to grow in numbers both domestically and internationally, we have been receiving numerous requests for CPA firm referrals. In order to select the right CPA firm for your family office we suggest the following considerations: -How large is their Family Office practice (number of professionals solely dedicated to Family Offices)? -How… Read more »

As your family office continues to grow, and you have more complex legal issues to deal with on an ongoing basis, it may be time to consider going “in-house”. In-house counsel can handle almost all of your business and personal matters and even identify potential problems before they occur to prevent them from happening. The… Read more »

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… Read more »