Institutionalizing the Family Office to Achieve Intergenerational Sustainability With Marina Margarucci

Today, I have the pleasure of speaking with Marina Margarucci, Managing Director at CBIZ, a consulting, tax, and financial services firm. Marina is the national leader of the Private Client Services practice at CBIZ, and she played an instrumental role in the organization and institutionalization of the practice.

Marina's career has been concentrated on supporting robust, complex families heavily invested in the Alternative Investment space, which enables her to deliver essential insights when analyzing financial statements and investment portfolios. She specialized in building out and setting up Family Office structures and Private Foundations, and routinely speaks at conferences, discussing the intricacies of Family Office structure and governance. Marina and her company, CBIZ, are an Advisor Member of FOX, and we are happy to have her expertise and thought leadership within our membership community.

Today, we cover a topic that comes up more and more frequently among family offices – sustainability. Marina offers her definition of what sustainability of a family office means and shares her views on what it takes for a family office to achieve longevity and enduring relevance across generations of family principals.

One important dimension of ensuring sustainability is the rising trend of institutionalizing and professionalizing the family office. Marina talks about this trend and how families can approach the process of formalizing and professionalizing their family office.

An increasingly critical practical implication for UHNW families is the role of technology when institutionalizing the family office. Marina provides her insights and suggestions on how best to understand, select, and deploy technology to enhance the capabilities of the family office.

Another important pillar of family office sustainability is to assemble and manage an ecosystem of mission-critical service providers. Marina and CBIZ have developed the "4 pillar approach" to creating a web of specialized vendors. She introduces this framework and explains how family offices can apply it.

Don't miss this highly relevant and instructive conversation with one of the leading practitioners and professional service providers in the UHNW family wealth and family office space.