The Family Office Sherpa Family Office Investments - Who is Managing the Portfolio?
8 snips
Mar 30, 2025 Discover the essential roles in investment management within family offices, including the dynamic between the investment committee and portfolio management team. Learn how clearly defined responsibilities can enhance decision-making and efficiency. Delve into the intricate governance processes that guide both internal and external investments. Emphasis is placed on the importance of documented procedures and effective communication to navigate the complexities of family office investments.
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Clarify Internal Investment Roles
- Clarify the roles and authority of internal investment teams in decision-making.
- Clearly communicate who has the final call to avoid confusion and inefficiencies.
Use Investment Policy and Documentation
- Provide an investment policy statement outlining clear decision-making processes.
- Use documentation and technology for tracking due diligence and investment decisions.
Define Veto Powers Clearly
- Define veto powers and reasons explicitly for stakeholders like family boards or principals.
- Manage expectations transparently to prevent frustration and staff loss.