Chicago, IL (PRWEB) March 02, 2013
Linda C. Mack, founder and president of Mack International, the premier family office retained executive search and strategic human capital management consulting firm, will lead a panel at the Opal Financial Group’s Family Office Winter Forum 2013 on March 4 at the Crowne Plaza Times Square, New York.
Presented as part of Opal’s Private Wealth Series, the Family Office Winter Forum is designed to cover the ever-changing family governance and trust, tax, estate planning and investment issues that are timely and relevant to family offices and those who support their day-to-day operations. Experts and industry professionals from across the globe will speak on the important issues facing family offices and high-net worth individuals. This Forum exclusively features dialogue-driven panel discussions led by consultants and family offices.
Linda Mack will moderate a session titled, “Creating a Family Constitution: Where you start depends on where you are now,” with panelists Skip Coomber, Trustee, San Diego Foundation; Lisa Gray, Managing Member, Graymatter Strategies, LLC and Harry Martin, Founder, Family Advisors, LLC.
“Creating a constitution helps a family set forth fundamental policies regarding the way in which it will govern its affairs to preserve wealth and family harmony and to successfully sustain itself into future generations,” Mack said.
The panel will discuss family governance structures, the role of the mission statement, wealth transfer strategies and how to best prepare for family and business succession – all components that fit nicely into a well-drawn constitution. "While the process of developing a family constitution can be complex and challenging, the result is an indispensable guide that helps families determine how they will make decisions, resolve conflicts, create family councils, select advisors and board members and address the full spectrum of other family and family business needs. It should also include provisions for succession and other important change-of-life or transitional events,” Mack added.
“Having agreement on how the family will address so many important subjects will help it accomplish its long term goals and objectives even when varied interests must co-exist,” said Mack. “It aligns and clarifies key values helping to minimize the risk of misunderstandings that might be destructive to family relationships and businesses.”
Mack added, “We look forward to this being a lively dialogue. Family attendees will be encouraged to actively participate and share their perspectives, success stories… and perhaps cautionary tales. We anticipate the attendees will leave with many ideas for best-practices that will have practical application for their families and family offices.”
The Family Office Winter Forum will have presentations to address a wide variety of topics including: Governmental regulation and taxation for 2013 and beyond, tax efficient portfolio construction, new investment styles for family offices, best practices in family philanthropy, family office reporting, asset protection strategies, challenges of the trustee/beneficiary relationship, special needs and long-term care planning.
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.