WHEATON, Ill.--()--At a critical moment for many private families and family offices, thought leader Greg Curtis, chairman and managing director of Greycourt & Co., will provide the keynote address at The Alliance Fall Forum, which kicks off October 16 at The James Hotel Chicago. Known as a true spokesman in family wealth management for private investors and wealthy families, Curtis will discuss his newest book, The Stewardship of Wealth.
“A significant majority (73.6%) of single-family offices say they are concerned about their own sustainability”
The Family Wealth Alliance provides timely and insightful research, publishing, and consulting to a broad array of constituents in the family wealth arena.
The Alliance Fall Forum experts will unveil findings from Alliance Research, including in-depth discussions of The Alliance’s 5th Annual SFO Study and 9th Annual MFO Study. Also unveiled will be the findings and implications of the inaugural Alliance Security Study - which looks at acute, unforeseen and chronic security threats to private families. Complete research results will not be released until the week of this event.
Wealthy Families Continue to Face Challenges
“A significant majority (73.6%) of single-family offices say they are concerned about their own sustainability,” said Bob Casey, head of research for The Family Wealth Alliance, citing the 5th Annual SFO Study. “That finding, coupled with the uncertain economic environment, and the Dodd-Frank requirement that many family offices register as investment advisors, has pressed them to consider aligning with their peers, outsource important wealth management services, or engage a commercial multifamily office. For many of America’s wealthiest families, these factors combine for a game-changing environment.”
Key findings of The Alliance 5th Annual SFO Study:
- Single-family offices that needed advice on Dodd-Frank requirements paid an average $64,000
- 35.3% of SFOs use an external chief investment officer (CIO)
- Only 38.2% have a formal succession plan in place
- SFO security issues: a sharp rise in reported or successful security breaches (an astounding 70.5%), and doubled use of outside security experts, to one in eight
The Alliance Fall Forum will feature study results, trends and implications, with expert and partner panels, and peer breakout groups. The gathering has limited attendance and is invitation-only. Persons wishing to attend may contact the firm. Details can be found on the firm’s website: www.FWAlliance.com.
About The Family Wealth Alliance: The Alliance is a connector of firms and families who share its core value, “We Place Families First.” Known as an innovator, the firm chronicles, convenes, and consults. It is based in Wheaton, Illinois USA.