- We are planning
to sell our family company for strategic reasons, and subsequent
to this, could also contemplate the establishment of a family
office. What are the issues we need to reflect upon when embarking
on this process?
- Rather than set up
our own family office could we join an existing family office?
And if so, what would the advantages and disadvantages be of this
- Some banks have family office services.
What are the pros and cons of using these services instead of
setting up our own family office?
- We are planning to
improve our governance system for our family office. What are
the key issues we need to take into account?
- Our family has had its own family office
for a long time and there is strong peer pressure for all of us
stick together. However, I am more interested in doing my own
thing, and would like to leave our existing structure. What do
you recommend me to do?
- We have had a family
office for 12 years, but with no proper family governance rules
in place. How do you best create these rules and what process
do you recommend that we use?
- We have not yet established a board for
our family office. What are the advantages and disadvantages of
a board, and how many non-family directors should we have?
- We have had difficulties
hiring the right staff for our family office. We have also encountered
problems creating the right compensation package for our 2-3 top
people. What is best practice today?
- We offer too many services through our
family office and need to reduce costs. How do we best go about
selecting the right outsourcing partners?
- We are planning
to set up a family office and need advice selecting a proper IT
system. Who do we ask?
- We are planning to establish a family office
and need some guidance regarding the overall costs and budgetary
planning for a family office. Are there any guidelines?
- On the point of establishing
a new family office, we are planning to set up a committee for
our investment strategy and asset allocation. Should we put this
in place on our own, or outsource this service?
- We have had our family office now for seven
years, but we still do not have a proper risk management system
in place. What steps do we need to take to put such a system in
- A member of our family
recently learned that some family offices are making due diligence
checks of their family office operations, including a gap analysis.
Could you please explain what this is?