Agreus’ Post

Our latest series on family governance in collaboration with Grégoire Imfeld , founder of ONE Family Governance, even more relevant for us in Asia!

7 Habits Of Highly Effective People + How Top Family Offices Apply These Principles https://lnkd.in/e44NaDwz #EffectiveHabits #FamilyOffice #FamilyOffice101 #FamilyOfficeStrategies #FamilyOfficeSuccess #FamilyWealthTips #HabitsOfSuccess #HighlyEffectivePeople #PrinciplesForSuccess

As many family businesses grow in wealth and size, the debate starts on if or when they should establish a family office. It can be confusing, complex and a bit ambiguous to figure out the right move. 🤯 Peter Vogel details out a few reasons why a family may want to consider a family office...and why there has been a rise in family offices globally. 📈 - Increasing wealth - Increasing complexity - Complex investments - Prestige of a Family Office Does your family fit into one of these situations that might indicate a family office would be the right decision for you? Check out the full webinar for a deep dive conversation on family offices: https://hubs.li/Q02tSB4x0 #familyoffice #familybusiness #governance

Single Family Offices ("FO") are a hot topic in Asia and I hear a lot of questions about the "governance of family offices"; which has had me reflecting on what I see amongst my clients (which is a diverse bunch). 1. The governance of the FO is not the same as governance of the family - which should drive its own governance. The FO can provide admin support. 2. With the FO the question is more likely to start with what is the ownership governance of the FO? 3. There is a difference between management and governance. My guess is that a lot of people are really asking the question of how should a well managed FO be organized (not governed). 4. If you think about FO governance that is likely to take you to the corporate model - but I have a couple of clients where effectively there is a controlling owner or effectively a partnership model (at the ownership level) and no functional board - and they work fine for this stage. 5. On the other end of the spectrum I see FOs that are essentially under a holding company and in that case I tend to think of the FO as being like a business unit / management/operational level in the group (and yes this arrangement might not fit neatly with the idea that the FO should only deal with the family's liquidity). 6. If you do think of a corporate model where you have a board with INEDs between the controlling owners and the CEO/management - sadly I have seen the FO CEO fall out with the controlling owner and my reflection is that HR advice to help look at development, comp, etc of the CEO can be an important need (not to say that it has to come through the board). 7. Therefore INEDs can help be that buffer between controlling owners and the CEO (or senior managers) and bring the perspective of what is normal. 8. Dennis Jaffe has won me over to understand that the phrase "if you have seen one family office you have seen one family office" - is unhelpful -because there are stages and models and common combinations. That is part of his thinking on Wealth 3.0. 9. Family values are for .... the family! The FO is a service organization supporting the family. Therefore what are the behaviors that are going to help the FO fulfill upon that mission. See my chapter on this in Essential Reads. 10. Some FOs provide support for the family charity; in other cases the foundation is completely separate. How do you decide and when do you decide to make that kind of split? Therefore "governance" might come down to having a periodic strategic/organizational planning process where you look at what you do and how you are organized and ask what what do others do and what is the next step for us? That might involve help from an INED or from an advisory board or just help from your team of advisors. But outside perspective is important. Honored to have two chapters in this new valuable publication from Globe including one on family constitutions https://lnkd.in/gCcWmQ4B

Is The Rise Of The Single Family Office A Good Thing For Our Business? A great perspective here from the team at Multi Family Office Stonehage Fleming You could think that it is a competitive space but the fact is that SFO’s need good MFOs. Whether it’s for outsourcing certain tasks or specialist advice, there will also be services that the SFO does not provide for it’s principals. This is a huge undertapped market so it’s good to see this perspective. F Partners Read The Full Article Here: https://lnkd.in/dFwt9_Ji #singlefamilyoffice #familyoffice #familyoffices #privateinvestors #privatemarkets

With a recognized surge in the creation and expansion of family offices (both SFOs and MFOs) it is no surprise, but still important to recognize, the importance of running offices appropriate to the family and executives in them. Each office can harness a wealth of human, social, intellectual, and financial capital. Recognizing and doing so is essential for short- and long- term efficiency and success. Informative article explaining a useful, global report on professionalism in family offices around the world.

Family Offices Must Adapt. Next Gen of Family Businesses Take Center Stage. #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness #incometax #federaltaxpolicy

Family Offices have seen a surge in popularity among Ultra-High-Net-Worth (UHNW) families in recent years. However, recognising the need for a Family Office and successfully establishing one are two distinct steps. At Agreus, we understand that many families contemplating this path lack a roadmap for navigating the process.   We are pleased to announce the release of our forthcoming mini report, "Insights from Industry Leaders on Setting Up a Family Office". This report delves into the critical considerations involved in establishing a Family Office, leveraging exclusive interviews with two preeminent industry figures Laurent Debief and an anonymous expert. To access the full report and gain a thorough understanding of establishing a Family Office, please click on the link below: https://lnkd.in/d8tkTCJ9 #FamilyOffice #FamilyOfficeRecruitment #SettingUpaFamilyOffice #Governance #Insights #Experts

MASTERING FAMILY OFFICE EXCELLENCE ⭕ Achieving excellence in a single-family office goes beyond mere wealth management; it requires a deep understanding of the family’s unique needs and aspirations. 🧩 The journey begins with a comprehensive assessment of these needs, distinguishing between essential and non-essential elements. ▶️ Tailoring services to address specific family concerns creates value and mitigates the risk of family members seeking alternatives. ⭕ A well-defined value proposition is central to this process, ensuring that the family office is not just a service provider but a partner in the family’s journey. ▶️ This approach requires strategic planning, personalized service, and a keen understanding of the family's dynamics. ⭕ The goal is to create a family office that manages wealth effectively and contributes to the family's legacy and long-term success. #centrolaw #familyoffice #wealthmanagement #familyoffices Photo by Tobias A. Müller on Unsplash

Family offices provide critical support to wealthy individuals and families. In this article, we explore eight key areas to consider when designing and evaluating a family office, from strategy and operations to technology and compliance. #familyoffice