The Family Office Sherpa The Characteristics and Challenges of The Embedded Family Office
8 snips
Nov 17, 2024 Discover the fascinating world of embedded family offices, which blend family services into operating businesses. Learn about the challenges of governance and how to structure these offices for better efficiency. Explore the benefits of managing liquidity events with a robust operational framework. Delve into innovative educational initiatives aimed at empowering family office executives. Join the discussion on expanding collaborative learning opportunities for family offices and share insights on social media!
AI Snips
Chapters
Transcript
Episode notes
Family Office Types
- Shaun Parkin describes three main family office types: single, multi, and embedded.
- Embedded family offices reside within operating businesses, unlike standalone single family offices.
Lack of Strategy
- Embedded family offices often lack a clear investment strategy or policy.
- They primarily focus on the operating business, treating the investment portfolio as a secondary concern.
Oversight Uncertainty
- Oversight and responsibility for embedded family office assets are often unclear.
- This can lead to overlap and confusion between operating business staff and family office staff.