Family Office Advising Workshop Mumbai
Family Office Advising Workshop Mumbai
A Multi-Family Office is a unique structure that is created to provide tailored wealth management solutions (from investments to philanthropy) in an integrated fashion as well as family governance and succession planning services while promoting and preserving the identity and values of the family.
Today, there is an increased demand for services that cater to the transmission of capital and entrepreneurial control to the next generation. The internationalization of assets and changing lifestyles of wealthy families has made family offices critical instruments for more professional and organized wealth management.
The establishment of a SFO is a big commitment for a family business, and there have been cases when family offices have not met the family’s expectations. Cost and Expertise remain the biggest concerns in setting up a SFO.
To address the problem of the high operating costs of a family office and lack of a qualified talent pool available, families are looking out for Multi Family Offices (MFOs), which cater to multiple families across a range of family size, wealth and maturity levels. The sheer lack of MFOs in India presents a unique opportunity for accounting firms, law firms, financial planning firms, registered investment advisors, spin off teams from private banks, brokers, wealth management platforms as well as spin off teams from investment management firms, to establish a multi-family office platform to provide independent, non-conflicted advice solutions to their clients.
AIWMI has designed this 2-day Executive Education on “Family Office Advising” to help such aspiring professionals and firms in understanding the nuances of setting up and running a successful Multi Family Office.
Agenda
Day 1 Trainers Session Timing Module Coverage 9.30 am – 10.30 am Introduction of the Facilitators and Participants Aditya Gadge Setting the Context of the session Introduction to the Family Office Aditya Gadge Purpose and Definition of Famil Office Types of Family Offices Key Roles of Family Office Rising Trends among Indian Family Offices Determing Family Wealth Management Needs 11.30 am – 12 noon TEA – BREAK 12.00 noon – 1.00 pm Family Office Strategy Aditya Gadge Value Statements Importance of Mission Statement Importance of Vision Statement Building a Family Office Vision Aligning the Vision with a Strategic Family Office Plan Seperating Family Office from Family Business 1.00 pm – 2.00 pm LUNCH – BREAK Establishing & Strcuturing of Family Office Aditya Gadge Legal Enttites to Consider Who Should Manage the Family Office Family Office Costs 3.30 pm – 3.45 pm TEA – BREAK Family Office Operations Aditya Gadge Best Practices Technology Talent Management Compliance & Documentation Service Providers End of Day 1 Day 2 9.30 am – 10.00 am Reflection of Day 1 Aditya Gadge Investment Management & the Family Office Nitai Utkarsh Goals-based Approach to Asset Allocation Investment Process & Review Role of Chief Investment Officer The Outsourced CIO Model 11.45 am – 12 noon TEA BREAK 12.00 noon – 1.30pm Governance of the Family Office Nitai Utkarsh Talent & Team Structure Scope of Service & Delivery 1.30 pm – 2.30 pm LUNCH BREAK 2.30 pm – 3.30pm Case Study – Indian Family Office Nitai Utkarsh Family Genogram & Background Family Office Structure, Team & Functions Estate Planning Investment Management Legal & Comliance Standards Reflection based on learning 3.30pm – 3.45pm TEA BREAK 3.45 pm – 4.45 pm Role of Family Office Professionals Nitai Utkarsh •Attributes •Competencies & Skills 4.45pm to 5.30 pm Conclusion and Way Forward Aditya Gadge & Nitai Utkarsh
Trainers
Aditya Gadge
Founder & CEO, AIWMI
- Founder & CEO- Association of International Wealth Management of India (AIWMI)
- Founder & Principal Advisor- Indian Association of Alternative Investment Funds (IAAIF)
- Member- Board of Directors at Association of International Wealth Management (AIWM), Switzerland
- Member- Advisory Board at Family Office Group, USA.
Aditya has done his Masters in Human Resources, Masters in Economics and is a Certified Financial Planner. A prolific writer, Aditya has been regularly contributing to various business, financial and education publications. Aditya is also a Member- Editorial Board of International Family Offices Journal (Global Law & Business). Aditya has recently co-authored 2 books on Credit Research and 1 book on Global Family Offices.
Aditya is a Member- Occupational Standards Committee of the BFSI Sector Skills Council and is also a Member- Capital Markets Committee of Indian Merchants’ Chambers (IMC). Aditya is also a Mentor with some of the leading global start-up accelerators.
Nitai Utkarsh
Lead - Investment Strategy, Hero MotoCorp Ltd.
A Financial Services professional with deep expertise in Family Office and the Investment Advisory space, Nitai leads the Investment Strategy and the Chairman’s Family Office for Hero MotoCorp Ltd.
One of the first set of professionals to have worked on Family Offices in India, Nitai started his journey with developing and executing the concept of Family Office for probably the first commercial launch of such services in the country.
As part of the Family Office offering, Nitai has founded and managed an exclusive team of portfolio analytics specialists, set up teams, policies, and processes for a pioneering boutique Multi Family Office firm and subsequently for two large, diverse, and global Single Family Offices.
Nitai holds a degree in Engineering from the Indian Institute of Technology and an MBA from the Indian Institute of Management. His interests and expertise lie in dealing with complex structural issues related to global wealth preservation and transmission and in implementing portfolio risk-reward optimization techniques.
Fee
For AIWMI’s Professional Members – Rs. 20,000
For Non-members – Rs. 25,000
*Fees is Exclusive of GST