Family Offices: The STEP Handbook for Advisers - Hardcover

Clare Archer; Penningtons

Hardcover

ISBN 10: 1909416029 ISBN 13: 9781909416024

Publisher: Globe Law and Business, 2015

Synopsis

The family office sphere is of great interest to lawyers, accountants, trust companies, those in private banks and the financial world, as well as family office executives and wealthy families themselves. This new handbook, prepared in association with the Society of Trust and Estate Practitioners, features chapters from leading players in the field, including JP Morgan, SandAire, Family Capital Conservation Limited, Penningtons Solicitors LLP, Baker & McKenzie and Berenberg Bank. The book steers readers through the family office model from its inception, focusing on the viability of family offices for those at the margin of what is normally regarded as the minimum financial base and comparing this to a family worth many millions. The book also considers a range of issues around the cultural development of the family office from the larger complex structures of North America to the emergence of family offices in developing jurisdictions. Whether the reader is a professional practising in the family office sphere, a family member or a new entrant to this diverse and challenging arena, this practical new title will serve as an interesting guide, providing valuable comment and insight into the family office world.

About this title

Review:

This book is an enjoyable way to open your mind beyond the daily business of business to the daily business of building families and benefiting societies. --William B Bierce, Bierce & Kenerson PC

The one-two punch of Clare Archer (Consulting Editor) and Barbara R Hauser (Advisory Editor) have knocked down the competition in the world of family office scholarship with the publication of 'Family Offices: The STEP Handbook For Advisers'. --Melissa Langa, Bove & Langa

This handbook is a must not just for external and internal advisors to business families, but also for family members themselves and everybody working with them. It is profound, comprehensive and written by the best in the field. Best practices are at the forefront, and its approach is practical and holistic. The handbook covers all forms and stages of a family office. It also delineates real family offices from those who are pretenders driven by self-interest. What makes this handbook so excellent is its focus on the soft dimension - which is actually the hard dimension. It is critical for success that soft issues precede legal and financial structures. The root causes why the majority of family businesses, family offices and family wealth do not prevail over the long term are identified, and, most importantly, realistic and proven approaches to avoid just that. There are two things that I would have liked to see but which pale in light of the overall value the handbook provides: An index and a section about family offices in Germany. I have learned a lot reading this handbook, and it is a great help to benchmark myself as an advisor. I am certain that in a few years my handbook will show signs of continuous use. I thank all authors for their contribution and STEP and its helpers for seeing this initiative through! --Stefan Voswinkel, President, The Family Business Catalyst

About this edition

• Publisher: Globe Law and Business
• Publication date: 2015
• ISBN 10: 1909416029
• ISBN 13: 9781909416024
• Binding: Hardcover
• Number of pages: 413
• Editor: Barbara R Hauser (Advisory Editor)