The Family Office Sherpa Family Office Investments - My Role as the "Critical Friend" within the Investment Team
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Jan 5, 2025 Discover the intriguing role of a 'Critical Friend' in family office investments. Learn how unbiased advice fosters better communication among family members and advisors. This conversation highlights the importance of challenging assumptions to enhance decision-making. Through real-life examples, it demonstrates how asking the right questions can lead to improved investment governance. Tune in for practical insights that will transform your approach to family office investments!
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Investment Policy Alignment
- Ensure new investments align with your Investment Policy Statement (IPS).
- Define asset classes, criteria, and the specific use case for your family office.
Asset Allocation Impact
- Understand the impact of a new investment on your strategic asset allocation.
- Determine if resulting overweights or underweights are tactical or opportunity-driven.
Manager Selection and Due Diligence
- Evaluate external manager expertise and fees through due diligence and RFPs.
- Ensure the manager’s operations integrate smoothly with your office's existing structure.