Family Office & Family Wealth - Section 3. Operations
 

Setup, functions, resources & roles, IT and Compliance.

What you'll learn
Define structure and governance of Family Offices.
Describe the setup, operations, and functions performed by Family Offices.
Debate between in-sourcing and outsourcing of core functions
HR and roles within family offices.
Describe reporting & information technology.
Review issues related with Compliance and working with regulated financial institutions

Requirements
Prerequisite for this Section 3 - Setup & Operations are Section 1 & 2 of my course on Family Office & Family Wealth.

Description
Section 3 - Setup & OperationsThis is Section 3 of my course on Family Office & Family Wealth, delving into the operations, structure and governance of Family Offices. Lecture 10 - Highlighting the setup, operations, and functions performed by Family Offices. In this chapter, we will discuss how Family Offices play a crucial role in managing the wealth and affairs of high-net-worth individuals and families. They provide a range of services including investment management, estate planning, philanthropic activities, and more.Lecture 11 - Discussing the debate between in-sourcing and outsourcing within Family Offices. The debate between in-sourcing and outsourcing within Family Offices revolves around the trade-off between control and efficiency.Lecture 12 - Necessary organization and resources for the efficient functioning of FOs. It's essential for Family Offices to have a well-structured organization and adequate resources to effectively meet the needs of their clients, i.e. the UHNW family.Lecture 13 - Emphasizing the importance of Reporting & Information Technology in managing Family Wealth. Reporting and Information Technology are pivotal aspects of Family Offices operations, ensuring transparency, accuracy, and efficiency in managing finances and assets.Lecture 14 - Finally, we will close this Section 3 (before we move on to the next section), with a discussion of Compliance, including both inward and outward-bound compliance. Please do not skip this last chapter if you represent an Emerging Market UHNW or family office as it is essential to understanding your debanking risk and growing risks of losing other service providers.

Overview
Section 1: Introduction

Lecture 1 Key Messages

Lecture 2 Key Challenges

Lecture 3 Families, Family Issues, Family Dynamics

Lecture 4 Family Office Landscape

Lecture 5 Family Office & Family Business Governance

Section 2: The Groundwork - Establishing the Family's Beliefs & Principles

Lecture 6 Establishing the Family's Beliefs & Principles

Lecture 7 Introduction to Foresight

Lecture 8 Family Beliefs & Principles

Lecture 9 Focus on ESG

Section 3: Setup and Operations

Lecture 10 What do Family Offices do?

Lecture 11 The In-sourcing vs. Outsourcing debate

Lecture 12 Organisation and Resources

Lecture 13 Reporting & Information Technology

Lecture 14 Working with Regulated Financial Institutions

Bankers,Wealth managers,Financial advisers,Family Officers,Properties agents,Real estate agents,Trustees,Corporate services providers,Fund managers