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
10.30 am – 11.30 am	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
2.00 pm – 3.30 pm	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
3.45 pm – 5.30 pm	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
10.00 am – 11.45 am	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

For AIWMI’s Professional Members – Rs. 20,000

For Non-members – Rs. 25,000

*Fees is Exclusive of GST

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