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 »

There are distinct differences between a Board of Directors and an Advisory Board. A Board of Directors is actually a legal entity that has authority while an Advisory Board has no legal responsibilities or authority. Each member of a Board of Directors has voting rights and can be liable for their company’s actions. Members of… Read more »

When the questions arises as to how much in liquid assets you need to establish a Family Office, many people say at least $100MM, however that is not true. Every Family Office is different and a lot depends upon what the Family Office will actually do for the family. Another issue is, should it be… Read more »

As the preeminent Executive Search Firm that specializes in working with Family Offices and establishing Advisory Boards for Family Offices, FON Search can assist families with every aspect of how to establish the Board, create the mandates, identify the types of individuals and backgrounds that would be most effective for your family office, establish goals… Read more »

The growth of Family Offices internationally is changing the ways in which they operate. Due to the significant growth of family offices all across the globe, they are becoming more complex and much more sophisticated. With multiple locations, and cross border family offices there has been a substantial change in the way that they operate…. Read more »

KEY ISSUES TO CONSIDER WHEN HIRING A FAMILY OFFICE CEO The CEO of a Family Office is responsible for all of the Family Office operations and services. There is a unique set of qualifications that are required for a CEO to be successful at a Family Office. While all Family Offices are different, there are… Read more »

In our last article, we discussed this case to make family offices aware of the significance of the IRS ruling. We felt that is was essential to provide some additional information, based upon a number of inquiries. In the Lender Management LLC case, the tax court concluded that if a taxpayer was engaged in a… Read more »

New Tax Case Provides Guidance on Deductions for Fees Incurred by Family Offices (Lender Management LLC vs IRS) On December 13, 2017, the US Tax Court ruled that a family office was appropriately treated as a business, and permitted to deduct its expenses pursuant to IRS Code Section 162. The taxpayer was the family office… Read more »

Since banks are typically the institutions that work the closest with family offices, I thought it would be helpful for family offices to understand what banks are recommending for them. In speaking with a number of the banks that service family offices we found that they are concerned with the families ability to sustain their… Read more »

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 »