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Family offices have long been an important part of wealthy families’ financial and legacy planning. These offices are dedicated teams of professionals who manage the finances, investments, and other wealth-related matters for high-net-worth individuals and their families. However, societal changes over the past several decades have had a significant impact on family offices and the services they provide.
The trend towards individualism has affected family offices, making them vital in providing financial planning and wealth management services. These offices specialize in investment management and tax planning, offering expertise to help high-net-worth individuals achieve their long-term financial goals.
Steven Covey in his book The 7 Habits of Highly Effective Families identified this societal change from a family-friendly to a family-hostile society. He recognized that families can no longer rely on the rest of civil society or on the government to support and reinforce family values. The book was published in 1997 and he could already see a change in contrast to what it was like in the last 30 to 50 years. One can only imagine what Steven would say if he saw how much further society has shifted from pro-family to anti-family as of 2023.
Another factor that has impacted family offices is the rise of technology. Technology has made it easier for families to manage their finances and investments, but it has also increased the complexity of these tasks. Family offices must now have expertise in digital security, data analytics, and other technological fields to provide their clients with the best possible service.
Another significant societal change that has impacted family offices is the decreasing emphasis on the importance of family and family values in mass media. This highlights the importance of building and maintaining trustful relationships with children and future generations to pass on the values that matter the most, including the value of family. Family offices can play a key role in supporting families in this endeavor by providing guidance and resources for intergenerational wealth transfers and family governance.
![During the previous family offices meeting, many heads of family offices who attended it had the opportunity to share valuable insights, ideas and discuss various trending topics: distinguishing between good and bad investments, the benefits of co-investments and succession planning in Family Offices. Although the gathering was fruitful and the leaders had a great chance of discussing the topics, it wasn't enough to cover all the subject matter questions in full depth. Therefore, it was decided to host another Family Office Gathering to further discuss many important matters and assist heads of single family offices in forming solid and advantageous relationships with like-minded family offices.
123rd Single Family Office Forum «Cooperation of Single Family Offices Worldwide. Chapter III» will take place on April 20, 2023. Heads of the Single Family Offices and investors will once again gather to discuss and exchange their precious takes on Family Offices collaboration, proper preparation of heirs, share their investment criteria and personal experiences.
Who will be attending:
30+ heads of Family Offices from 27 different countries of the world and international active investors.
Why to attend?
To initiate favourable and valuable relationships with like-minded Family Offices worldwide during the 1-2-1 networking meetings;
To learn how respected leaders of Family Offices prepare their succession plans and educate heirs;
To strategize how FO collaboration not only can preserve their family legacy but also greatly benefit society;
To find out different investment strategies, insights, trends and criteria from Family Offices across the world;
To hear uncommon insights regarding co-investments, dry powder and exchanged deal flow;
Craig Astill, the CEO of Caason Group, an Australia-based single FO, a member of the Global Investment Leaders Club: "The Club Forums are always an excellent opportunity to network with many interesting people with different views and interests and to expand my areas of knowledge across multiple industries." When questioned about how his family office came to be and what their goals are, Craig Astill answered: "Our Family Office is a result of my background of international trade and finance, we ground ourselves as a diverse group with interest across many sectors with a very strong innovation and sustainability approach. We are currently focusing our investments in industries that we're currently involved in, such as the agricultural industry."
123rd Private Investment Forum Worldwide: «Cooperation of Single Family Offices Worldwide. Chapter III» will take place on April 4, 2023, via Zoom. The duration of the Forum will be 3 hours (from 4-7 pm Dubai/ 8-11 am New York/ 2-5 pm Zurich time). The number of participants in this exceptional event is very limited.](/_next/image?url=http%3A%2F%2F172.31.27.90%3A8081%2Fimages%2Fcache%2Fevent_banner%2F8f%2Fcb%2Fcee729de63894c466f41684ace1c.jpeg&w=3840&q=75)
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