TFOA Update | July 2024
Please check your spam folder to be sure my email marc@tfoatx.com is on your safe senders list. I suspect you might find a few past emails from me there!
About TFOA
The Family Office Association (TFOA) is a global peer network that serves as the world’s leading single family office community. Our group is for education, networking, selective co-investment, and a resource for single family offices to share ideas, deal flow and best practices. Members are not actively marketing products or services to other members and no contact information or email lists will ever be shared. Since our founding in 2007, TFOA has led the global single family office community by delivering world-class educational content, unique networking opportunities, and exceptional thought leadership to our highly curated network of the world’s largest and wealthiest families. If you'd like to stay in touch on a more frequent basis, please follow us on LinkedIn and Twitter. In the meantime, please check out our free library of family office content.
ABSTRACT: This paper examines risk management practices for single family offices (SFOs). It argues comprehensive risk monitoring is a critical SFO function. Risks include consolidated reporting with complex assets, tax compliance across multiple jurisdictions, estate planning with intricate structures, investment risks like fraud and illiquidity, asset protection against lawsuits, reputation management especially for prominent families, and insider threats from staff and advisors. Mitigation strategies involve financial controls, due diligence, governance procedures, audits, insurance, legal asset structuring, background checks, and protocols for reputation and emergency incidents. The paper contends SFOs must implement layered risk management across investments, operations, taxes, legal issues, and personnel. Robust oversight by an integrated SFO team reduces siloed risks and provides families with centralized protection. The paper outlines key risks SFOs face and practices to safeguard multi-generational wealth.
If you would like to comment on this whitepaper please visit the following link and let us know what you think: Family Office Risk Management
If you would like to participate in The Family Office Association's 10th Annual Single Family Office Symposium this September 10th & 11th 2024 in Dallas, TX, please consider:
- Joining TFOA – attendance in person is open to single family office principals and executives only: Membership
- Virtually Attending – open to anyone, see our website and click the Virtual Track button: Registration
- Sponsoring – open to a few select sponsors to attend in person, please email for more information: Sponsoring
We're delighted to be joined this year by the following speakers:
1. Kyle Bass, Founder and Chief Investment Officer of Hayman Capital Management.
2. Paul Carbone , Co-Founder and Vice Chairman of Pritzker Private Capital.
3. John Phelan, Chairman of Rugger Management and Co-founder of MSD Partners.
4. Ray Washburne, President & CEO of Charter Holdings.
- Drew McKnight, Co-CEO of Fortress Investment Group
6. David Bailin, Former CIO at Citi Global Wealth
7. Sunny Vanderbeck, Co-Founder of Satori Capital
- Shane Goodwin, Associate Dean at SMU Cox School of Business
Monthly Update
Please find below this month’s Economic Update which includes a wealth of data and exhibits on the USA economy and selected States. You will also find market returns, 10-Year expected asset class returns, private equity price and leverage multiples, GP commitment data by sector, and the current economic release calendar for your convenience. We hope you will find this report helpful.
Marc J. Sharpe is the founder and chairman of The Family Office Association (“TFOA”), a peer network of single family offices founded in 2007. In addition, he is an Operating Partner with Satori Capital, LLC, a multi-strategy investment firm founded upon the principles of conscious capitalism, a business approach that emphasizes extraordinary long-term outcomes for all stakeholders. He also teaches an MBA class on “The Entrepreneurial Family Office” as an Adjunct Professor at SMU Cox School of Business. Marc holds an M.A. from Cambridge University, a M.Phil. from Oxford University, and an MBA from Harvard Business School.
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