...key decisions related to creating a family office need to be revisited to ensure continued alignment with the family's mission, values and goals as family circumstances and needs evolve.
Chicago, IL (PRWEB) September 10, 2014
Linda C. Mack, founder and president of Mack International, the premier retained executive search and family office strategic management/human capital consulting firm, was selected to present ‘Creating a Family Office’ at the exclusive Institute for Private Investors (IPI)’ Fall Forum in San Francisco, Sept. 9-10, 2014. The session is the eighth of a new yearlong private wealth management class series. Part nine (IX) follows on the second day of the forum.
“Some of the most well-established family offices and private investors attend for two days of engaging discussions and peer-to-peer exchanges on a variety of issues and challenges unique to management of family or multigenerational wealth,” Linda Mack said.
According to Mack, the session will focus on a few core topics. “We will explore different family office models and the importance of selecting one that is best aligned with the family’s mission, values and goals," Mack said. "We will also discuss key considerations involved in making insourcing vs. outsourcing decisions and review a best practice process for successfully recruiting and retaining key talent for leadership positions in the family office."
"An increasingly competitive market and improved access to information are requiring family offices to keep pace in the recruiting, reward and retention arena,” Mack explained. “Talent management best practices ensure that the organization can successfully attract, develop and retain executives who will make the family office thrive and achieve family objectives.”
“The session will conclude with a case study that illustrates how family offices are dynamic rather than static organizations and inevitably transition over time," Mack said. "Therefore, key decisions related to creating a family office need to be revisited to ensure continued alignment with the family's mission, values and goals as family circumstances and needs evolve.”
The IPI Fall Forum includes sessions on complex issues including family legacy, investments and risk management, role of private equity in portfolios, due diligence, tax laws, global markets and hedge funds and the next generation of private wealth holders.
About Mack International LLC
Mack International, LLC, headquartered in Chicago, is a global retained executive search and strategic management/human capital consulting firm serving national and international clients in the family office, family business enterprise and the wealth management industries. Linda C. Mack develops close, consultative partnerships with clients and candidates, and has achieved an exceptional track record of success as evidenced by consistent referrals, repeat engagements and long tenures of candidates placed. For more information, visit http://www.mackinternational.com or call 800.976.0015.
About the Institute for Private Investors (IPI)
Since its founding in 1991, the Institute for Private Investors (IPI) has provided a safe harbor for families with substantial wealth to learn from each other and leading experts while fostering lifelong relationships with like-minded peers.
Private investors join IPI to become more sophisticated stewards of their wealth and more discriminating purchasers of financial services. Because IPI does not endorse any investment services, strategies or managers, its content is educational, not promotional.
In 2011, IPI was acquired by Campden Media, which serves ultra-affluent business-owning and financial families worldwide. Through its affiliation with Campden Wealth, IPI is the bridge from the U.S. to the private global community of ultra-affluent business-owning and financial families in Asia, Latin America, Europe and the Middle East.