Regional Member Briefing - New York - November 14

Overview

Thursday, November 14, 2013 - 5:30pm to 7:30pm

10 Trends Impacting the Private Wealth Industry in the Next 10 Years

Family Office Sustainability: The Roles of Governance and Entrepreneurial Orientation

Within the past several years, the wealth advisory services industry has weathered increased scrutiny, complexity and financial challenges. Yet throughout these tumultuous, post-meltdown years, there has been heightened focus on the emerging needs of the family enterprise and more clarity around how to best serve today’s families of wealth. But as service needs evolve, what are the inherent trends that will impact the private wealth industry in the next decade?

Please plan to attend a Family Office Exchange Regional Member Briefing for insight into the important trends that will impact and drive the private wealth industry in the next decade. Utilizing FOX research data as a starting point to define the industry and identify the greatest concerns of clients, three key areas will be explored: The Impact of Wealth; Transitions in Wealth and Serving the Wealth today, and on into the future.

This program will be presented in two parts:

Part I: The 10 Trends…and…Taking a Family Enterprise View presented by Amy Hart Clyne, Managing Director-Content, Family Office Exchange

The perennial question facing financially successful families is how to preserve the family wealth and well being beyond the second generation. It isn’t luck or the size of the fortune that avoids the curse of “shirtsleeves to shirtsleeves in three generations.” The secret is transitioning to a “family enterprise view” by the third generation that enables a family to maintain its financial and human capital for multiple generations into the future.

Part II: Family Office Sustainability: The Roles of Governance and Entrepreneurial Orientation (EO) presented by Joe Rotella, J.D., President, of the Northeastern Region, GenSpring Family Offices and Kirby Rosplock, Ph.D., Director of Research and Development, GenSpring Family Offices

What role does Entrepreneurial Orientation (EO) and governance practices play in how families sustain their family office across generations? During the NYC FOX Member Regional Briefing, findings from GenSpring's “Sustaining the Family Enterprise Study” will be shared. Specifically, the forum will drill into how the family office endures over successive generations and the role that EO, or the ability to function autonomously, innovate and take risks, initiate competition, and be proactive in the marketplace, has on family office longevity. What role does stewardship play in sustaining the family office? How/do governance practices, processes, and structures that families employ in their family office impact on sustainability? Research findings will be applied to current family office experiences in an interactive discussion.

Recommended for:

Family Office Members

Location

New York, NY

13-15 West 54th Street 3rd Floor

New York New York 10019

United States

Registration

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Agenda

11:30 a.m.	FOX Welcome and Update The 10 Trends…and…Taking a Family Enterprise View presented by Amy Hart Clyne, Managing Director-Content, Family Office Exchange The perennial question facing financially successful families is how to preserve the family wealth and well being beyond the second generation. It isn’t luck or the size of the fortune that avoids the curse of “shirtsleeves to shirtsleeves in three generations.” The secret is transitioning to a “family enterprise view” by the third generation that enables a family to maintain its financial and human capital for multiple generations into the future.
11:45 a.m.	Host presentation during lunch *Family Office Sustainability: The Roles of Governance and Entrepreneurial Orientation (EO)* Presenter: Kirby Rosplock, PhD, Director of Research & Development in GenSpring’s Innovation & Learning Center What role does Entrepreneurial Orientation (EO) and governance practices play in how families sustain their family office across generations? During the NYC FOX Member Regional Briefing, findings from GenSpring's “Sustaining the Family Enterprise Study” will be shared. Specifically, the forum will drill into how the family office endures over successive generations and the role that EO, or the ability to function autonomously, innovate and take risks, initiate competition, and be proactive in the marketplace, has on family office longevity. What role does stewardship play in sustaining the family office? How/do governance practices, processes, and structures that families employ in their family office impact on sustainability? Research findings will be applied to current family office experiences in an interactive discussion following the presentation and tease out relevant stories, experiences and examples from today. The briefing will have as collateral leave behinds the “Sustaining the Family Enterprise” Report of Findings. If participants are interested, two forthcoming articles (September and October release) on the research findings in the Journal of Family Business Strategy and the Journal of Management and Entrepreneurship may also be made available.
12:45 p.m.	Peer Dialogue
1:30 p.m.	Adjourn