Family Office Exchange Offers Educational Roundtables for Families that Own Businesses

Family Office Exchange, a global membership organization of single family offices and their advisors, announced a new series of educational roundtables focused on the unique challenges facing business-owning families.

The full series is titled "The Family Business Owner Series: Preparing Families for Multi-Generational Success" and FOX is presenting the roundtables in conjunction with three of the organization's Thought Leader Council members to address the challenges of family engagement, board development and managing business risk.

The first roundtable, "How to Promote an Ownership Mindset," will be presented in conjunction with professional services firm Plante Moran and held Wednesday, October 2 in Detroit. The program will provide an in-depth look at how to foster a responsible ownership mindset in the family enterprise.

The second event is titled "Building an Effective Board and the Role of Outsiders." It will be presented in conjunction with law firm Schiff Hardin on Tuesday, October 8 in Atlanta. The agenda will focus on board development best practices and the value of including non-family board members.

The final roundtable will be held Wednesday, November 6 in New York. Named "How to Manage Family Business Risks," the program will be presented in conjunction with TriState Capital Bank and feature a discussion of understanding and managing the risks inherent to family enterprises.

"These events address an important need for ultra high net worth families," says FOX Managing Director Karen Neal. "In recent research, we found that 56 percent of our members own an operating business. Running a significant family business, while overseeing the management of the family's liquid wealth, is challenging. Many families struggle with how to integrate these different components and address the often conflicting priorities. These events help address some of their most common issues."

The events are open to families who own, manage or control significant operating businesses. There is no charge to attend, but space is limited.