One Day Online Course: Family Office & Wealth Management, November 30th, 2020
Dublin, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The "Family Office & Wealth Management Course" training has been added to ResearchAndMarkets.com's offering.
This practical family office training for family office representatives, family members and wealth managers explores the best strategies for preserving family wealth and managing a modern family office.
You will have a chance to explore the family governance mechanisms, intergenerational wealth transfer, managing complexities of international wealth mobility and succession planning. You will also learn about the operational settings and asset allocation, cost and risk management, tax advisory and philanthropy.
Conducted by a family office expert with many years of providing services for high net worth clients worldwide, this course focuses on the latest market trends and effective wealth preservation strategies.
What will you learn
Have an in-depth practical understanding of the structure of a family office and effective family office management approaches
Learn about family governance mechanisms
Explore how to structure wealth and manage intergenerational wealth transfer
Manage family office from choosing an advisor, to cost and reputation management as well as asset allocation strategies
Explore different services provided by family office and how to arrange them
Understand the latest changes in the wealth management sector
Main topics covered during this training
Structuring of family office and governance mechanisms
Developing the family mission and values
Dealing with complex family structures
Understanding change over the life cycle of family businesses and succession planning
Mobility of wealth & the family business
Intergenerational wealth transfer
Services provided by a family office
Selecting advisors and cost management
Asset allocation mechanics and optimisation
Investments of passion
Tax management and advisory
Performance measurement and reward systems
Wealth structuring and fiduciary services
Financial planning
Philanthropy
Reputation management
Valuation of the family business
Current challenges and the changing role of the family office
Key Topics Covered:
Introduction
What is a Family Office?
Evolution of the Family Office concept
History and origins
Typical objectives and structures
Overview of different operating models: single-family office, boutique multi-family office, financial services multi-family office and wealth manager
Current issues and challenges
The future - the changing role of the family office
Managing the Family office
The make or buy decision
Considerations when establishing a Family Office
Multiple family office vs private bank
Selecting advisors
Managing advisor networks - coordination and collaboration
The role of technology
Cost management
Risk management - wealth preservation and protection
Asset protection
Dealing with investments of passion
Behavioural and emotional aspects to investment decision making
Family Governance and dynamics
The Family Constitution - formal or informal?
Structure and governance mechanisms
Performance Measurement and reward systems
How motivated are family members?
Dealing with complex family structures
Conflict Management
Succession Planning
Transition management
Grooming the next generation(s)
Educating and training future family leaders
Intergenerational or multi-generational planning?
Distribution or growth?
An overview of the services of a Family Office
Investment strategy and asset allocation
Implementation and monitoring the portfolio management process
Access to alternative assets - special considerations for Family Offices
Tax management and advisory
Cash flow management and budgeting
Wealth structuring and fiduciary services
Multigenerational wealth transfer and succession planning
Financial planning and advisory
Philanthropy
Family Dispute Resolution
Residence and citizenship planning
Managing the Family Businesses
Legal support
Reputation management
Bookkeeping
Concierge
Luxury Assets
Understanding Asset Allocation
Essential elements
The investment management process
The risks and rewards of Asset Allocation
The process
Types of asset allocation: strategic and tactical
Integrated
Phases and cycles
Mechanics of Asset Allocation
The theoretical backdrop
Risk and return
Diversification, correlation and risk
Asset and Portfolio Risk
Optimisation
Rebalancing and reallocation
Relationship with other investment disciplines
Portfolio Construction
Alpha generation
Valuation of the family business
Entry
Expansion
Exit
Mergers and acquisition
Marriage
Trends in the Family Office industry
Developing new sources of knowledge
The globalization of the high net worth family
Specialization with multiple providers or one-stop shop
Networking groups
For more information about this training visit https://www.researchandmarkets.com/r/57xdku
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