The current economic environment offers parents the opportunity to educate their children about the transience of wealth and the need for self-reliance. A white paper from Relative Solutions offers suggestions for overcoming a sense of entitlement and for increasing responsibility among next-generation family members. |
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| With instances of computer hacking on the rise, the need for secure data system has never been greater. Click here for a replay of “I.T. Security for the Family Office,” a recent webinar addressing best practices and security measures for transactions, reporting, electronic communications, and document management. |
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Best Practice #49:
Comparisons to Closest Peers
The family office management team and the governing board rely on trusted advisors, self-assessment tools and peers to help them measure success as it has been defined by the family. It is helpful to document achievements relative to other, similar family enterprises to reinforce the value of the family office to the family.
Source: FOX 50 Best Practices for an Enduring Family Enterprise
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85% of the family offices surveyed by FOX are paying more attention to investment performance.
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John Benevides, president
April 15-16
Celebration, FL
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Hear what members and industry leaders
have to say about FOX.
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