The Family Office Sherpa Family Office Structure - Curating Your Family Office "Scaffolding"
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Feb 16, 2025 Explore how family offices can enhance their operations by leveraging a network of internal and external advisers. Discover the importance of creating supportive structures to ensure adaptability and control. Learn about the key elements of building a resilient framework, focusing on investment management and family dynamics. This episode emphasizes education and trusted relationships for sustainable wealth, encouraging effective communication within families.
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Curated Scaffolding
- Curate internal and external support structures (scaffolding) for your family office with purpose.
- These should enhance capabilities without becoming permanent fixtures, enabling adaptation and scaling.
Internal Investment Team
- Prioritize internal investment team members who provide guidance, education, and family engagement.
- Avoid those with a "this is how I do it" mindset; seek those willing to share knowledge.
External Investment Managers
- When selecting external investment managers, look beyond performance metrics.
- Leverage them for idea transfer, network development, technology insights, and manager selection processes.