Source: The 2023 Global Family Office Compensation Benchmark Report
INSIGHTS
A great case study about family governance revolving around the Lee family, which helms Hong Kong-based food company Lee Kum Kee - this article looks at the importance of succession planning, and how the Lee family created a governance system to ensure its success and longevity. (Forbes)
INSIGHTS
In recent times, compensation for family offices has come under the spotlight. This article explores different aspects based on investor & market dynamics, approaches to compensation, tailoring compensation structures, and the challenge of benchmarking. Viewing compensation as a partnership over the years, mirroring the family-like structure, cultivates a strong and lasting connection. (&Simple)
INSIGHTS
The article highlights the challenges faced by family offices as they try to scale, such as succession planning, effective scaling, and choosing suitable service providers. (Forbes)
INSIGHTS
AI is entering family offices, impacting legal and administrative procedures. Professionals are intrigued by AI's potential to streamline tasks, like document drafting, estate summarisation, and client communications. However, caution is advised due to AI's evolving nature. (ArentFox Schiff)
WEBINAR
August 16, 2023 (Episode 6)
In this insightful episode, Raymond DiNunzio, the visionary founder of TOS Advisors, engaged in a dynamic conversation with our CEO Adam Cleland and Rashad Kurbanov, CEO and co-founder of iownit capital and markets, Inc. Together, they delved into the realm of enhancing efficiency and precision within your back office operations.