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Family Office Resources: The Ultimate List

Family Office Resources: The Ultimate List

Mr FamilyOffice
March 15, 2024

Family Office Resources: The Ultimate List

This week it’s a look at family office resources

Hopefully a highly bookmarkable edition

This will be a “live” newsletter that gets updated periodically as new resources become available and I get feedback about those listed

Here’s what I’m covering:

Research, Networking, Consulting
Databases
Publications
Organizations
Books
Podcasts
Newsletters

Let’s dive in…

Research, Networking, Consulting 🌐

Campden Wealth

Campden Wealth is a membership organization providing research, networking, and educational opportunities for ultra-high-net-worth families, their family offices, and advisors

With a global presence and more than 1,400 members, it offers publications, conferences, and private events. They are all about knowledge exchange and collaboration among the world’s most affluent families

Campden Wealth’s research is particularly insightful, covering investment strategies, wealth management, family governance, and philanthropy

Useful insights for families looking to preserve and grow their wealth across generations

&Simple

&Simple is an independent provider of knowledge and data about family offices

There are two strands to their business:

Simple for Family Offices - advising family offices (particularly new family offices), providing resources, tools and directories of pre-vetted service providers (eliminating a major due diligence headache for FOs)

Simple for Service Providers - helping service companies understand and connect with the right family offices

&Simple has a great team and produces particularly insightful content on family offices

I have recommended Simple to a few new family offices and to service providers - the feedback has been excellent

Drop me a mail if you would like an introduction

Wealth-X

Wealth-X provides intelligence and data on the ultra-wealthy. This can be a helpful resource for family offices, but also for wealth managers and service providers seeking to understand the dynamics of high-net-worth individuals and their investment behaviors

I share a lot of insights from Wealth-X on 𝕏

The platform offers detailed profiles on individuals, including their net worth, source of wealth, investment interests, and philanthropic activities

Databases 📁

FINTRX

FINTRX is the most comprehensive family office database I have seen

It provides extensive information with detailed profiles and analytics on family offices, offering insights into investment preferences, past transactions, and key decision-makers (including their background and LinkedIn profiles)

FINTRX is aimed at institutional investors and the price reflects that (last I saw, subscriptions can be $20k+ p.a.)

But this platform delivers value. It is particularly valuable for asset managers, private equity professionals, and fundraisers looking to identify and connect with family office investors. Beyond its database, FINTRX offers tools for market research, CRM integration, and direct outreach

Family Office List

Family Office List is a comprehensive database of global family offices, aimed at professionals seeking to connect with high-net-worth investors for fundraising, investment, and partnership opportunities

It’s simple to use and competitively priced. It caters for vendors, founders and prospective family office employees

Designed as a tool to help people reach UHNW individuals and Family Offices, the database has more than 7,700 decision-makers from 4,187 family office firms with AUM over $6 trillion

For Mr Family Office Newsletter subscribers, use the promo code MRFO30 for a 30% discount (full disclosure: I get a small referral fee)

Publications 🗞

Family Capital

Family Capital is a digital publication that specializes in reporting on the activities, investments, and interests of family offices and significant family-owned businesses globally

Forbes

Forbes runs a lot of stories on family offices (and features frequently in the family office news section of this newsletter). It’s well-known for its comprehensive lists and rankings, including the Forbes 400 and Billionaires List

Bloomberg

Benjamin Stupples @BenStupples at Bloomberg is one of my favorite writers on wealth, family offices and finance. Well worth a follow

Other notable publications include Fortune, Spears as well as occasional publications by Deloitte, KPMG, UBS, Morgan Stanley and PWC

Organizations 👥

SFO Alliance

The Single Family Office (SFO) Alliance is a private network designed specifically for single-family offices to share best practices, industry trends, and investment opportunities in a confidential environment

Based out of London, it is free to join, but members must be from Single Family Offices with AUM of at least $400mn

The great selling point… there are no sales. Family offices can attend SFO Alliance events and not expect to be sold to

The SFO Alliance facilitates peer-to-peer exchange and collaboration among family offices, providing a safe space for members to discuss challenges, solutions, and strategies related to wealth management, succession planning, and family governance

The SFO Alliance hosts events and forums, including an annual May conference in London offering members access to a community of like-minded individuals and families facing similar issues. They also host excellent webinars

Family Office Exchange (FOX)

Family Office Exchange is a global membership organization dedicated to the optimization of family wealth management and family office operations. Offering research, advisory services, and networking opportunities, FOX helps high-net-worth families and their advisors navigate the complexities of managing significant wealth

Their resources cover a wide range of topics, including investment management, family governance, and next-generation education. Through forums, peer learning groups, and expert insights, FOX has built a community where members can exchange ideas, strategies, and experiences, facilitating the continuous growth and evolution of family offices

The Family Office Club

The Family Office Club is one of the largest membership-based family office associations, offering a platform for networking, education, and investment opportunities to its members. The club hosts regular conferences, workshops, and webinars that cover a broad range of topics relevant to family offices, including direct investments, real estate, and alternative investments

I haven’t worked with the Family Office Club, so would be interested to hear from those who have

TIGER 21

TIGER 21 (The Investment Group for Enhanced Results in the 21st Century) is a peer membership organization for high-net-worth entrepreneurs, investors, and executives

It provides a forum for its members to share strategies, evaluate investment opportunities, and learn from each other's experiences in managing substantial wealth. Through group meetings, exclusive events, and access to a wide range of educational resources, TIGER 21 focuses on improving its members' investment acumen, enhancing their understanding of wealth preservation, and exploring philanthropic endeavors

Books 📚

The Complete Family Office Handbook: A Guide for Affluent Families and the Advisors Who Serve Them by Kirby Rosplock This is a bit of a beast of a book, but is a comprehensive guide demystifying the family office model, providing valuable insights into how to establish, operate, and optimize a family office

Kirby Rosplock covers essential topics such as investment strategies, philanthropy, estate planning, and family governance, making it an indispensable resource for families and their advisors navigating the complexities of wealth management

Family Offices: The STEP Handbook for Advisers edited by Clare Archer and Barbara R. Hauser This handbook is a collaborative effort offering a global perspective on the family office sector. It combines the expertise of numerous professionals to cover a broad range of topics, including legal structures, tax considerations, governance, and succession planning. It's designed to serve as a practical guide for advisers working with or establishing a family office

Family Wealth: Keeping It in the Family by James E. Hughes Jr. James E. Hughes Jr. explores the dynamics of family wealth and its impact on future generations. The book offers strategies for creating a family governance structure that promotes the successful transfer of wealth and values. It's a thought-provoking read for anyone interested in the sustainability of family wealth beyond the third generation

Strategic Planning for the Family Business: Parallel Planning to Unite the Family and Business by Randel S. Carlock and John L. Ward Carlock and Ward introduce a unique planning process that aligns family and business interests toward a common goal. The book is filled with real-life examples, practical advice, and tools to help families and their businesses thrive. It's essential reading for family businesses seeking to balance the complexities of family dynamics with business objectives

Podcasts 🎤

In the occasional podcast Family Office World, Ron Diamond interviews key figures from the family office sector. Diamond is a seasoned campaigner and always worth listening to

UBS is one of the leading banks for wealth management. They often focus on family office topics The Bulletin with UBS

There are not many podcasts dedicated to family offices yet, let’s add to this list!

Newsletters 📧

Last but not least, I can wholeheartedly recommend a certain newsletter

Around 25 newsletters in, >2,000 subscribers and a 60% open rate

If you haven’t seen them all, they are all available at www.mrfamilyoffice.com

I’m fully expecting this edition to grow as more resources are added

𝕏 highlights

An underestimated role of the family office:

When you get rich, you get freeloaders
An underrated role of the family office is to protect the family against freeloaders
Exes, distant relatives, old neighbors, acquaintances and classmates often turn up out of the blue, asking for handouts or to invest in their killer idea… twitter.com/i/web/status/1…
— Mr Family Office (@MrFamilyOffice)
8:45 PM • Mar 12, 2024

When a boutique family office makes sense

You want a family office but you have less than $100 million
3 times when a boutique family office still makes sense:
— Mr Family Office (@MrFamilyOffice)
4:21 PM • Mar 11, 2024

Not a board meeting.. not a family holiday… a family meeting

The Family Meeting / Retreat
Widely used by family offices
Family meetings are family events
They are not board meetings
The emphasis is on:
🔹 clarifying strategic vision and getting buy-in
🔹 strengthening family values and culture
🔹 solidifying relationships and… twitter.com/i/web/status/1…
— Mr Family Office (@MrFamilyOffice)
8:42 AM • Mar 9, 2024

📚 what to read

Amoralman by Derek Delguadio is a highly entertaining memoir of a card cheat and his journey through a world of “charlatans, card cheats, and con artists”. I burned through this one in a few days!