The Family Office Sherpa 10 Common Mistakes I See Family Offices Make (And How To Fix Or Avoid Them)
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Aug 17, 2025 Explore the common pitfalls that can hinder family office success, from governance failures to mismatched investment policies. Discover why prioritizing value over price is crucial, and how essential it is to embrace cybersecurity proactively. Learn about the dangers of filling positions without the right fit and the importance of viewing the office as a business. Shaun highlights the necessity of strategic planning, long-term vision, and effective networking to tackle these challenges and optimize operations.
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Separate Governance From Portfolio Execution
- Investment governance sets the rules while portfolio management executes within them.
- Clear decision trees prevent governance from micromanaging day-to-day investments.
Align Portfolio With Investment Policy
- Regularly check that your portfolio matches your stated investment policy and philosophy.
- If you find drift, either change the policy or allow controlled opportunistic deviations explicitly.
Fix Root Operational Workarounds
- Stop relying on manual workarounds and fix root operational issues.
- Adopt a fix-it mindset and design systems for the office's 2–10 year future.