Join Nate Imfeld, Senior Counsel at Foley & Lardner LLP, and David Shaw, Publishing Director at Family Business Magazine, who will identify, explain and offer ways to mitigate the most important risks involved in setting up and managing a family office.
Family offices play a critical role in the wealth management and legacy of family businesses. While the benefits of having a family office are many, there are also risks — not only to the business, but also to the family itself. Families and family wealth inherently come with a lot of complexity that can cause conflict, affecting relationships, operations and financial capital.
This webinar will discuss some of those common points of conflict, including:
Investment risk: Managing conflict arising from differing risk tolerances
Management risk: How the management and structure of a family office can inadvertently create conflict
Succession risk: How family offices can be used as succession vehicles, and the risks inherent in doing so