Family office fraud is not something that you read about in the media due to the confidential nature of the industry. Many family offices function as investment managers, whereby a single employee of a smaller organization, may have access to cash and other assets. As a CPA, I have been trained to always look at… Read more »

Creating a Family Office- Key Issues Family Offices are basically private companies, that have been established to manage the finances of wealthy families and individuals. Family Offices are one of the fastest growing businesses in the world. When done properly, a Family Office can have significant benefits, however it should be approached in a similar… Read more »

Recruiting is one of the most challenging issues that Family Offices are facing. Hiring the wrong person can be very expensive and can cause the trickle effect of causing a number of people to leave the organization. Artificial intelligence and machine learning are rapidly taking on a significant role when it comes to human capital…. Read more »

Obtaining financing for start ups has always been a challenge, however now Family Offices are becoming an alternative source of funding for them. As Family Offices continue to move into direct investments, they are becoming an essential source of capital for private companies. There are over 3,000 Family Offices worldwide and their appetite for direct… Read more »

Developing an Advisory Board for family offices can be extremely helpful, especially when there are several family members involved in the family enterprise. Today with multiple generations involved in the decision making process, there may be significant differences in the interests and goals of everyone involved. An Advisory Board can serve to provide: 1) A… Read more »

The hiring process for any organization can be difficult, however Family Offices offer some unique additional challenges. When hiring for a Family Office, the decisions made may affect the long term success and sustainability of the organization. Based upon the infrastructure of the Family Office and the number of family members involved, it is essential… Read more »

According to a number of surveys of Family Offices, today they have the most positive view of investing in private equity since 2013. Family Offices today want greater control of their investment strategies and to save on management fees, they are now making more direct investments. Family offices are constantly requesting that we provide them… Read more »

Asking  candidates about their current wages and the components of their current compensation plan has always been a key part of the screening process for executive search firms and employers. New legislation passed in New York City, Philadelphia, Massachusetts, Pittsburg, Delaware, New Orleans Puerto Rico and the states of Oregon and California has banned employers… Read more »

PALM BEACH, Florida, April 2, 2018 /PRNewswire/ Family Office Networks announced today the launch of FON Search, an affiliate of The Quest Organization, as a new division dedicated to identifying and recruiting top tier talent for family offices. The team at FON Search has over 30 years of success developing partnerships and relationships with family offices. The team has… Read more »