Family Offices: The Step Handbook for Advisers

The family office sphere is of great interest to lawyers, accountants, trust companies, those in private banks and the financial world, as well as family office executives and wealthy families themselves. This new handbook, prepared in association with the Society of Trust and Estate Practitioners, features chapters from leading players in the field, including JP Morgan, SandAire, Family Capital Conservation Limited, Penningtons Solicitors LLP, Baker & McKenzie and Berenberg Bank. The book steers readers through the family office model from its inception, focusing on the viability of family offices for those at the margin of what is normally regarded as the minimum financial base and comparing this to a family worth many millions. The book also considers a range of issues around the cultural development of the family office - from the larger complex structures of North America to the emergence of family offices in developing jurisdictions.Whether the reader is a professional practising in the family office sphere, a family member or a new entrant to this diverse and challenging arena, this practical new title will serve as an interesting guide, providing valuable comment and insight into the family office world.

Foreword Introduction Clare Archer Penningtons What is a family office? Ian Macdonald Wright, Johnston & Mackenzie Mark McMullen Smith Williamson Establishing the family office Barbara Hauser Barbara R Hauser LLC Choice of structures Imogen Buchan-Smith Ashley Crossley Baker & Mckenzie The emotional side of affluence Dennis Jaffe Saybrook University The journey towards governance Dennis Jaffe Saybrook University Canada Mary Anne Bueschkens Lucinda E Main Heenan Blaikie LLP The Gulf Region Barbara Hauser Barbara R Hauser LLC Hong Kong Bill Ahern Family Capital Conservation Limited Samantha Hay Netherlands Raimund Kamp Guidato Family Office Comparison of jurisdictions Family offices in the UK Russia Maxim Alekseev Kira Egorava ALRUD Switzerland The US Governance Hakan Hillerstrom Ken McCracken Amy Renkert-Thomas Life cycle of a family office Management of the family office Sandy Loder A H Loder Advisers Hiring and retention MJ Rankin The Rankin Group Ltd Setting an investment strategy Richard Brass Charlotte Baird Berenberg Bank Investment Alexander Scott Charles Peacock Sandaire Philanthropy/social responsibility Risk management Bill Wyman Summitas Culture, Communication and Conflict Ian Marsh familydr Professional perspectives Case study Camilla Bordier Radan Statkow Bordier About the authors Glossary Bibliography