Chicago, IL (PRWEB) July 31, 2012
Linda Mack, founder and president of Mack International a retained executive search and strategic family office/human capital management consulting firm, co-chaired the Opal Financial Group 2012 Family Office and Private Wealth Management Forum held July 23 - 25th in Newport, Rhode Island.
The event is Opal's premier Forum and the preeminent event in North America for high net worth individuals and family offices from around the world. Some of the most well established and senior family offices, private investors, money managers and private wealth service providers from around the globe attended for engaging discussions on the latest investment trends and soft issues surrounding current and future family generations.
Linda Mack co-chaired the Forum with Lisa Gray, managing member of Graymatter Strategies, LLC and Michael Pompian, Partner and Director of Private Wealth Practice, Mercer.
In addition, Mack co-led two closed-door family breakfast sessions with Gray. They first facilitated a session titled Family Governance and Sustainable Wealth: Family Governance and Sustainable wealth Planning for the Next Generations," and then led a session titled “Structuring a Family Office” the following morning.
Both sessions began with an overview presentation by Mack and Gray, followed by breakout groups for interactive discussions among the families about key trends, challenges and best practices related to the topics. The participants then shared the highlights of their respective conversations with the group at large.
According to Linda Mack, a number of insights surfaced during the sessions. "The discussions confirmed the importance of ensuring that family office governance practices are aligned with each family's mission, values, needs and priorities in order to best achieve long-term objectives,” she said.
“We also discussed trends in family office structures and the importance of recognizing that they are dynamic versus static. As transitions occur or circumstances change, the structure needs to be reviewed and adapted to ensure it continues to meet each family's evolving needs over time.”
Mack International, LLC headquartered in Chicago, is a global, retained executive search and consulting firm serving clients in the family office/wealth management industry on a national and international basis. For more information, visit http://www.mackinternational.com or call 800-976-0015.