Blog

The Role of the Family Office in Building a Foundation for Financial Independence

Posted by Dr. Kirby Rosplock on 7 January 2015

The desire for progeny of wealth families to develop an appreciation for financial independence is often top of mind for the family office. Especially families seeking to preserve their wealth for generations yet to be born appreciate the need for all of their members to be thoroughly educated and prepared for the responsibilities of family wealth. Without this preparation, families may not be adequately prepared to make shared decisions as owners. Family Office Exchange (FOX) has found that wealth education activities can help increase the odds of producing next generation family entrepreneurs; Through cultivate the knowledge, commitment and unity among family members, fostering a sense of engagement and ownership, maintaining family wealth while encouraging their philanthropic endeavors, and grooming the next generation to successfully take responsibility for their wealth, the question of sustaining the family wealth may not be as feared.

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Preserving Family Legacy an Interview with Iris Wagner

Posted by Dr. Kirby Rosplock on 16 December 2014

In this week’s blog, I interview Iris Wagner, CEO, Founder and Executive Producer of Memoirs Productions – a production company specializing in recording ethical wills, and personal and corporate video biographies for families, foundations, institutions and corporations throughout North America. Iris talks to us about ethical wills and the importance of preserving heritage and legacy.

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Developing the Next Generation of Family Leaders

Posted by Dr. Kirby Rosplock on 18 November 2014

In this week’s blog post, I discuss developing the next generation of wealth inheritors, and what parents can do to help their children become good stewards of wealth.

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Major Life Issues and the Financial Review When Assessing the Family Office Baseline

Posted by Dr. Kirby Rosplock on 28 October 2014

In this week’s blog post, I discuss preparing for major life issues and the financial review when assessing the family office baseline. This information will be used to explore and determine the practical needs of a family when considering a family office structure.

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Next Generation Training an Interview with Jennifer Muntz

Posted by Dr. Kirby Rosplock on 7 October 2014

In this week’s blog, I interview Jennifer Muntz, CEO of FamilyCLO - a consulting firm that specializes in family education, next generation training and facilitation of family meetings. Preparing all family members for the responsibilities of a family business or family wealth is top of the mind in the wealth management space. Below are some of Jennifer’s insights on navigating this complex terrain.

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The J-Curve Effect

Posted by Marc J. Sharpe on 23 September 2014

In January 1982, former United States Secretary of the Treasury William Simon and a group of investors acquired Gibson Greetings, a producer of greeting cards, for $80 million, of which only $1 million was rumored to have been contributed by the investors. By mid-1983, just sixteen months after the original deal, Gibson completed a $290 million IPO and Simon made approximately $66 million (a 66x return on their original investment). The success of the Gibson Greetings investment attracted the attention of the wider media to the nascent boom in leveraged buyouts and heralded the age of private equity as an asset class.

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The Estate Plan Review and Mapping Entities When Developing a Family Office Baseline

Posted by Dr. Kirby Rosplock on 9 September 2014

In this week’s blog post, I discuss the estate plan review and mapping and summarizing legal entities when assessing the family office baseline. This information will be used to explore and determine the practical needs of a family when considering a family office structure.

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Family Governance an Interview with Barbara Hauser

Posted by Dr. Kirby Rosplock on 2 September 2014

In this week’s blog, I interview Barbara Hauser, a leading family governance expert who has worked with some of the most complex families from around the globe. Barbara shares some of her insights from working with families from many different cultures.

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