The Family Office Sherpa Family Office Structure - The Agents of Change for your Office (Flourish or Flounder)
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Apr 28, 2025 Explore the crucial drivers shaping the future of family offices, emphasizing the necessity of adapting to changes like technology and governance. Discover the risks of stagnation and how to thrive in a competitive landscape. Learn about preparing for future generations, addressing challenges posed by sudden wealth events and intergenerational conflicts. The importance of a supportive network is highlighted to ensure stability and continuity. Tune in for insights on how to flourish, not flounder!
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Build Foundations First
- Build foundational infrastructure before increasing complexity in family offices.
- Examples include establishing reporting, governance, education, security, and operating models before scaling or hiring specialists.
Technology Drives Efficiency
- Automation in operational tools boosts decision speed and accuracy in family offices.
- Integrating accounting with investment platforms creates a single source of truth and improves efficiency.
Sophistication Equals Simplicity
- Sophistication means simplicity and strategic planning, not complexity.
- Maturing offices increase process, risk management, balance generalists and specialists, and leverage outsourcing.