16th Annual Family Office Forum

New Location
Swissôtel Chicago • June 8 – 10, 2009
The 16th annual
A Unique Forum for Families and Family Office Executives to Collaborate on
New Opportunities and Overcome Common Challenges in an Uncertain Economy
More SFOs, MFOs, Family Members & Family Businesses
Aspiriant
Austin-Lehman Adventures
Azteca Foods
Chicago Metallic
Corporation
Clearbrook Partners
Coppertree Ltd.
David Weinberg Gallery
Genspring Family Offices
Harris Holdings Family Office
Harris myCFO
Krusen Family Office
Lender Family Management
Masino Family Office
Okabena Company
Pitcairn
Royal Management
Corporation
Sentinel Trust Company
The Galvin Family
Threshold Group
U.S. Oil
Vogel Consulting
Wall Family Enterprise
New Speakers, Fresh Content
Expanded focus on the emerging generation, women
of wealth, and family business owners
Richard Lavin,
Tiger 21
Mary Yeager
Wall, Wall
Family
Enterprise
(SFO)
Sara Schmidt,
US Oil
Keith Lender,
Lender Family
Management
(SFO)
Make better decisions by learning from more family
members of single and multi-family offices
Build priceless relationships:
New interactive formats and exclusive activities
Invitational Chicago
Architecture Cruise
Chris Galvin,
Motorolla
Hosted by Chubb Insurance and
Hub International
Inside the Family Board Room:
Semi-Private Exchange
Fort Flowers,
Sentinel Trust
Company
(MFO)
Dirk Jungé,
Pitcairn
(MFO)
Marvin Lender,
Lender
M&M Family Office
(SFO)
Protect your family from sweeping economic and tax
threats while tapping into unexposed opportunities
Champagne Roundtable
Reception with Live Entertainment
Prepare for the year’s greatest challenges:
Innovative Tax and Estate Planning Techniques
merging Investment Opportunities and Enhanced
E
Due Diligence for a New Economic Environment
Impactful Philanthropy: Building Accountability
into the Model
Family Education through Important Transitions
Edward Altman
author of the
“z-score”
credit
indicator
Rob Francais,
Aspiriant
(MFO)
Industry Partners:
www.FamilyOfficeForum.net
Christine K.
Galloway,
Okabena
Company
(SFO)
Sponsors:
Scott Oki,
Microsoft Alumni
Association, See
YourImpact, and
The Oki Foundation
A completely redesigned event for a radically different world.
We invite you to join us at an event like no other: The only forum designed to tackle those issues unique to
families of exceptional wealth, in a setting that guarantees the exclusivity you demand in an open forum of
interactive exchange.
Over 65% of Our Speakers are Family Members or Family Office Executives
Invite your spouse, your children, your in-laws, and your advisors. We’ve re-designed our entire event, to
bridge family gaps while enhancing every facet of the family office.
Gain a fresh perspective on forward-looking issues
© 2009 Institute for International Research, Inc. All rights reserved
• The Next Generation: A new look at education and philanthropy with Chris Galvin (Motorola),
Keith and Marvin Lender (Lender’s Bagels,) and emerging leaders of other families
• Women of Wealth: Featuring Sarah Schmidt, Family President and Director, U.S. Oil Inc., Renee Togher
Azteca Foods, and Martha Jahn Martin Chicago Metallic Corporation
• Family Business Owners: Richard Lavin, Co-Founder of Tiger 21, leads a discussion on transferring
entrepreneurial strengths and business savvy to the Family Office
Protect your assets and preserve wealth from mounting threats
• Avoid fraud by going beyond Country Club Due Diligence
• Profit from exclusive windows into lucrative opportunities
• Minimize taxes with innovative structures for a new regulatory landscape
• Asset allocation now: Critique and analysis into hedge funds and private equity
Streamline operations for improved processes and more informed decisions
• Cutting-edge technology to take security and reporting to the next level
• Solving the Human Capital problem: Find and keep the right people
• Outsourcing the CIO and other critical functions: Maintaining control without sacrificing quality
What’s different about the Family Office Forum?
Working directly with family members and top family office executives, we have developed a program that addresses the
greatest challenges you face today with innovative formats that promise a higher degree of interaction. We select each speaker
through a careful screening process that ensures our entire program features only the highest – quality experts and
thought-leaders in the industry.
Our goal:
To empower families and their trusted advisors, make better and more informed decisions,
and fully realize the potential of their unique family missions.
We don’t have all the answers– but by bringing a group of the nations expert authorities and top families
and family office executives together, we will begin asking the right questions.
Join the discussion and begin working towards new solutions for tomorrow’s challenges.
I hope to meet you this June in Chicago!
Conference Director, The Family Office Forum
2
“
Since I’ve been involved the last several years in contributing to this event, it
keeps getting better. This is due to the quality of people who are presenting
and attending - especially with the increased attention given to private
families. It’s become one of the best industry events of the year.
-Thomas R. Livergood, CEO, The Family Wealth Alliance
”
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
Agenda-at-a-Glance
Day One: Monday, June 8TH, 2009
8am
Day 1 Registration
9am-12pm Interactive Executive Masterclasses
A F AMILY OFFICE FROM A to Z:
Structuring And Streamlining
Vogel Consulting (MFO), Family Office Exchange (FOX)
12:00
ISK MANAGEMENT REVISITED AND IN-FOCUS:
B R
Asset Allocation and Asset Protection
Clearbrook Partners (MFO)
Luncheon for Workshop Participants
Enhancing the Organization for More Informed Decisions
1:00
Collaboration in Family Wealth: Adapting to Sustain and Grow in This New World Order
Family Wealth Alliance, Okabena Company (SFO), Threshold Group (MFO)
1:45
In-House vs. Outsource: Maintaining Control Without Sacrificing Quality Fel-Pro Family (SFO, MFO, VFO)
2:45
Networking Break
Bridging The Gap Through Key Transitions
3:15
Empowering the Next Generation and Enriching the Family Legacy: Transitions of Leadership Galvin Family, Lender Family, Bernstein FamilyL
4:45
Pinpointing Future Opportunities for Multi-Family Offices: Paving the Road for an Evolving Business Model
Pitcairn (MFO), Aspiriant (MFO), GenSpring Family Offices (MFO)
5:30
Champagne Roundtable Reception with Live Entertainment
Day Two: Tuesday June 9th, 2009
7:30
Invitation Only: Family Office Breakfast Sponsored by
8:45
Opening Remarks
9:00
Family Business to Family Office: Transitions, Integration and Separation Tiger 21 , Sentinel Trust Company (MFO), Bashaw Group (MFO), Raylign Advisory
RyHolland Fielder
Adapting to Succeed in a New Economy
10:00
Beyond Country Club Due Diligence: Mitigating Investment Risk, Avoiding Fraud and Ensuring Transparency
CTC Consulting, Harris myCFO (MFO)
11:00
Networking Break
11:30
KEYNOTE: Edward I. Altman, Author of the Z-Score Credit Indicator
12:30
Networking Luncheon
TRACK 1:
Collaboration Between Generations
TRACK 2:
Operational Best Practices
TRACK 3:
Investment and Wealth Preservation
1:30
Family Governance and Education
Coppertree Ltd (MFO)
Human Capital
Executive Leadership Resources
Credit and Risk Analysis
Prism Global Advisors, Jefferson National
2:30
Inside the Family Board Room: Challenges in
The Family Office
Wall Family Enterprise (SFO), Royal Management
Corporation (SFO), ROI Consulting (MFO),
Bashaw Group, Cyclone Management (SFO)
Family Office Technology
Synth-Bank, Envestnet Asset Management
Building Trust and Empathy with Clients in
Volatile Times
Wealth Psychology, Harris myCFO (MFO)
3:30
Break
4:00
The Changing Role of Women in Affecting the
Family’s Wealth
U.S. Oil Inc., Azteca Foods, Chicago Metallic Corp
Innovative Tax and Estate Planning
Techniques
Katten Muchin Rosenman LLP
Hedge Funds: Debating the future and
assessing opportunities
Harris Holdings (SFO), Krusen Family Office (SFO)
4:45
High-Impact Philanthropy
Microsoft Alumni Foundation, National Foundation
for Teaching Entrepreneurship (NFTE),
Arabella Philanthropic Investment Advisors
Evaluating and Selecting Effective Wealth
Managers
Threshold Group
Opportunities In Today’s Market: Rebalancing
the Portfolio
Masino Family Office (SFO)
6:00
Invitational Chicago Architecture Cruise: Hosted by Chubb Insurance and Hub International
Day 3: Wednesday, June 10th, 2009
9:00
On the Pulse Research Sampler: The Family Wealth Alliance, Family Office Exchange (FOX)
10:00
Insurance: Investment or Black Hole Hub International, Pelagos Advisors LLC
11:00
Networking Break
11:30
Asset Protection: Preserving Your Wealth for Generations to Come Through Innovative Structuring Strategies: Handler Thayer & Duggan
12:30
Lunch
1:30
The New Tax Landscape: Achieving Maximum Tax Efficiencies and Preparing for Major Impacts of Proposed and Emerging Legislation
WTAS LLC
2:30
Open Session: To Be Announced
3:30
Conference Concludes
Risk Management and Wealth Preservation in a Volatile Economy
www.familyofficeforum.net
3
Day One:
Monday, June 8 Interactive Executive Masterclasses
8amDay 1 Registration
12:00
Luncheon for Workshop Participants
9:00am to 12:00pm
9:00am to 12:00pm
Interactive Executive Masterclass A:
Interactive Executive Masterclass B:
FAMILY OFFICE FROM A to Z:
Structuring and Streamlining the Most Effective
Family Organization
RISK MANAGEMENT REVISITED AND IN-FOCUS:
Asset Allocation and Asset Protection
in a New Economy
Setting up a family office is no easy task, and there is no
single answer for effective organization. Implementing
the right framework is the key to building a valuable
entity, and we’ll take you through the process:
When the entire market is in flux, how do you diversify
and rebalance the portfolio?
• Structuring the family office
- Family business to family office: After the
liquidity event
- Family business owners – what do you need
to know?
• Metrics to measure performance
• Tools to streamline and improve accuracy
• Comprehensive reporting for more informed
decisions
• Taxation – What you need to know now
• Plus – Strategies for enhanced:
- Accounting
- Structuring
- Fiduciary Responsibility
- Administration
- Cohesiveness Family Decisions
Rhona Vogel, President & Founder, Vogel
Consulting (MFO)
John Benevides, President, Family Office
Exchange (FOX)
• Reach far ahead of the curve to ensure consistent
returns in tomorrow’s economy
• Avoid fraud by instilling effective due diligence
• Go beyond Country Club Due Diligence to ensure
adequate protection
Evaluating asset class buckets in today’s economy:
Including (but not limited to) Large Cap Public Equity,
Credit and Debt Markets, Principal investments in PE
Through specific case analysis, plus exclusive advice from
proven investment gurus, you’ll leave with the tools you
need to implement powerful investment strategies and
asset protection techniques or your family’s portfolio
Facilitated by Clearbrook Partners, a Family
Office and Private Family Investment Firm
Frits Besselaar, Founding Family,
Clearbrook Partners
Frits has over 16 of years experience in both managing
Princeton Investment Advisors, Inc. the family office he
founded in 1992, and investing his family’s assets.
Tom Sowanick, Chief Investment Officer,
Clearbrook Partners
Tom is widely published in the global economic arena, has
been recognized by Harvard Business School and has been
an Institutional Investor All American for his research.
Single Family Office Executive, TBD
4
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
© 2009 Institute for International Research, Inc. All rights reserved
Choose One:
MAIN CONFERENCE DAY ONE:
Monday, June 8
PLENARY
12:00 Main Conference Registration
Adapting and Enhancing the Family Office of Today
Collaboration on Family Wealth: Sustaining Growth in This New World Order
1:00
Influential CEOs from varying perspectives – An SFO, MFO, and External CIO – assess options to best collaborate in a rapidly evolving industry.
Critical discussions include:
• Does scale really matter?
• Can you stay independent and still take advantage of outsource solutions?
• When do privacy and control trump the advantages of outsourcing?
• How can we achieve new growth and what should we expect down the road?
Moderator by Thomas R. Livergood, CEO, The Family Wealth Alliance
Panelists: Christine K. Galloway, CEO, Okabena Company (SFO)
Edward M. Lazar, President, Threshold Group (MFO) (SFO)
TBD, a CEO of an External CIO
1:45Asset Protection: Preserving Your Wealth for Generations to Come Through Innovative Structuring
Strategies
•
2:45
Pinpointing the best way to mitigate risks in your family office
- Family Limited Partnerships
- Trust and Estate Planning
- Foundations - Balancing Risk Management and Risk Taking
- Legal Structures
- Insurance Options
- Regulatory Concerns and Filing Requirements
Thomas J. Handler, J.D., P.C, Partner, Handler Thayer LLC
Family Limited Liability Companies
Pre-Marital Challenges
Legal Structures
International Trusts
Corporate Governance and Policies
Family Conduct Protocols
Captive Insurance
Networking Refreshment Break
Make new connections and build on existing relationships – our new venue provides the perfect accommodation for effortless conversation.
BRIDGING THE GAP THROUGH KEY TRANSITIONS
3:15
mpowering the Next Generation and Enriching the Family Legacy by
E
Reconciling Missions and Visions
Speakers from two generations of three families explore lessons learned during key transitions of leadership
Passing the Torch to the Emerging Generation: Anticipating and overcoming obstacles to smooth transitions
Bridging the Gap: Reconciling differences in perspectives, values and goals
Overcoming Obstacles: Improving the model for communication, family missions and education
Moderator: Bruce Boyd, Principal and Managing Director, Arabella Philanthropic Investment Advisors
Speakers:
• The Galvin Family, Founders of Motorola
Chris Galvin, Former CEO, Motorola
And additional Galvin family member
• The Lender Family, Founders of Lenders Bagels
Marvin Lender, Lender Family Management (Patriarch Family Member)
Keith Lender, Lender Family Management (G2 Family Member)
• The Bernstein Family
Robert Bernstein, Founder/CEO, PRISM Family Office
Chad Bernstein, G2 Family Member, PRISM Family Office; Professional Musician / Co-founder,
Guitars over Guns Operation
www.familyofficeforum.net
5
MAIN CONFERENCE DAY ONE:
MONDAY, June 8
PLENARY
4:45Pinpointing Future Opportunities for Multi-Family Offices:
Paving the Road for An Evolving Business Model
Rob Francais, COO, Aspiriant (MFO)
Dirk Jungé, Chairman, Pitcairn (MFO)
Maria Elena Lagomasino, Chief Executive Officer, GenSpring Family Offices, (MFO)
MFO
FOCUS
5:30Champagne Roundtables and Welcome Reception
Begin the evening engaged in stimulating discussions with speakers and fellow attendees over a glass of champagne. Each roundtable
will be led by a conference speaker or respected industry figure, and you will choose which discussion you wish to join.
Followed By: Evening Entertainment with Live Music by Suenalo, Creators of “GOGO” (Guitars over Guns Operation)
MAIN CONFERENCE DAY TWO:
TUESDAY, June 9
PLENARY
Private Exchange: Breakfast Roundtable Discussion Topics to be Announced
8:45
9:00
NEW
Opening Remarks: Conference Chairperson
Family Business to Family Office: Transitions, Integration and Separation
• Creating value in the family, as you created value in the business
• Harnessing the entrepreneurial spirit to enhance the family goals
• Life after liquidity: What do you do now?
•Bridging skill sets and filling in the gaps: Acknowledging limitations when going from CEO of the business to CEO of the family portfolio
• Constructing an operating company for the family business
Moderator: Richard Lavin, Co-Founder, Tiger 21
Fort Flowers, President and CEO, Sentinel Trust Company (MFO)
Benjamin Oehler, President and Founder, Bashaw Group
Greg Rogers, Founder and President, RayLign Advisory LLC
Leslie C. Quick III, Founding Partner, Massey, Quick & Co., LLC
Strategies and Implications in Today’s Economy
10:00Beyond Country Club Due Diligence: Mitigating Investment Risk, Avoiding Fraud
and Ensuring Transparency- Essential tactics to protect future investments
NEW
© 2009 Institute for International Research, Inc. All rights reserved
7:30Closed-Door Family Breakfast: The Private Exchange - Exclusively for Families and Private Family
Office Executives (By Invitation Only)
Sponsored by:
Strategies to control what you can (and manage what you can’t) in an uncertain world
• Achieving greater transparency and preparing for forthcoming regulations
• Evaluating leverage and hedging strategies
• Protecting capital and ensuring liquidity
• Where are your risks and returns?
Steve Braverman, President, Harris MyCfo (MFO)
Speaker TBC, CTC Consulting
11:00 Networking Break
11:30 K
EYNOTE: Edward I. Altman
Global Credit Markets and Distressed Debt Investing: Forecasting Future Conditions and
Understanding the Implications of Today
• Credit markets: A tale of three periods
• The outlook for default and recovery rates
• Market based vs. Mortality rate models for predicting defaults
• LBO Bankruptcies: Then and Now
• Historical performance and outlook for distressed debt securities
Dr. Edward I. Altman is the creator of the Z-Score method for assessing the financial health of companies and the Max L. Heine Professor of Finance
at the Salomon Center at New York University's Stern School of Business.
6 12:30 Networking Luncheon
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
MAIN CONFERENCE DAY TWO:
TUESDAY, June 9
TRACKS
Each Track is designed specifically for Family Members, Family Office Executives or Wealth Managers and Investors.
1:30 (Choose TRACK A,B or C)
A Private Affair: Overcoming Obstacles to Family Governance and Education
Open to family members only (extended family, children and spouses encouraged to attend)
While there is ample evidence of best practices in family governance, the most significant challenge to families lies in
overcoming the obstacles that stand in the way of implementing these best practices.
We’ll examine the challenges that many families face and explore strategies that have been successful in overcoming these
TRACK A
challenges, including:
Family Members • Collaboration between and within generations
• Engaging family members in the mission
• Establishing family leadership
• Dealing with disruptive family dynamics
•Transferring values and a sense of ownership
• Enhancing family communication
to the next generation
Leader: Mark Casella, Founder and President, Coppertree Ltd (mfo)
NEW
TRACK B
Family Office
Executives
TRACK C
Wealth Managers
and Investors
Taking Control of the Human Capital Problem: Interactive Roundtable Discussion
Discussion topics to flow from results of the Pre-Conference Survey
• Meeting the critical requirements of the Family Office
• Past, present and future: What has worked, what hasn’t and what will prevail in the future?
• Overcoming major hurdles over the next 12 months
• Achieving efficiencies with technology and improved processes
Charles Meek, Founder and President, Executive Leadership Resources, LLC
Credit and Risk Analysis: Strategies and Outlook for an Unprecedented Economy
Foremost financial thought-leaders debate new realities, keys to survival and tactics for returns in a new world order
• Reasons for optimism and opportunity vs. critical concerns and new challenges for the future
• Domino effect: Significant and unrealized impacts of the credit crisis and new levels of financial distress
• Cascading influences of levered losses and where the next wave will have the greatest effect
• The Grand Experiment: How government strategies and intervention will really come into play
Robert Bernstein, Prism Global Advisors (SFO)
David Smilow, Chairman, Jefferson National
2:30 (Choose TRACK A,B or C)
Inside the Family Board Room: Semi-Closed Door Session
Dynamic Format: Step Inside the Family Decision-Making Process
This unique setup maintains exclusivity while creating a mutually beneficial exchange of information.
How it works: Family Members and Family Office Managers discuss the challenges they are facing in a semi-closed
environment. Carefully screened family office managers and advisors have the opportunity to listen in on the exchange –
thus providing valuable insight into how they may be able to better address these issues in the future.
Moderator: David Lansky, Ph.D., The Family Business Consulting Group, Inc.
Board Room Participants:
Daniel Thiem, Royal Management Corporation (SFO)
Richard Morris, Principal, ROI Consulting (MFO)
Tom Pazol, CEO, Cyclone Management (SFO)
Benjamin Shapiro, Mason Avenue Investments, LLC (SFO)
Matthew Shapiro, Mason Avenue Investments, LLC (SFO)
Brendan Wall, Wall Family Enterprise (SFO)
Mary Wall Yeager, Board Member, Wall Family Enterprise (SFO)
NEW
TRACK A
Family Members
Tracks continued on page 8
www.familyofficeforum.net
7
MAIN CONFERENCE DAY TWO:
TUESDAY, June 9
TRACKS
Each Track is designed specifically for Family Members, Family Office Executives or Wealth Managers and Investors.
2:30 (Choose TRACK A,B or C)
Continued from page 7
TRACK B
Family Office
Executives
NEW
TRACK C
Wealth Managers
and Investors
3:30
amily Office Technology: Applying Portfolio Theory to IT Decision-Making – The Top 10 Things
F
to Know about IT
• Enhancing security, compliance and operations: Taking care of the basics
• Off the shelf vs. customized: Finding your perfect fit
• Managing IT risk and expense: Prioritizing your biggest problems
• Optimizing your approach to solutions: Enabling better decisions and minimizing risks by looking at applications as a portfolio
Bryan Bell, Founder and President, Synth-Bank
Jud Bergman, Founder and CEO, Envestnet
Building Trust and Empathy with Clients in Volatile Times
“81 percent of investors . . . plan to take money away from their current advisor.” Survey, Prince and Associates
Trust, confidence and character are the bedrock for serving families of wealth. Establishing trust is a special skill, talent and craft,
unique to every advisor. What is your trust building talent? We will discuss trust and empathy along with how to refine and enhance
your skill set. Through interactive dialogue, case studies and role playing, each participant will walk away from this session with new
tools indispensable to the future of advising.
Gary Shunk, Principle, Wealth Psychology
Joe Calabrese, President, Harris MyCFO (MFO)
Refreshment Break
4:00 (Choose 1 Session)
NEW
TRACK A
Family Members
TRACK B
Family Office
Executives
TRACK C
Wealth Managers
and Investors
8
The Changing Role of Women in Affecting the Family’s Wealth
• Examining the unique role of woman in the family business
• Leadership issues, power roles and intergenerational challenges
• Spouses and partners – How active should they be?
• Managing the power differential
• First females in prominent roles
• Gaining credibility and getting beyond the stereotypes
Moderator: Amy Schuman, Principal, Family Business Consulting Group, Inc.
Sarah Schmidt, Schmidt Family President and Director, U.S. Oil Inc. (Family Business)
Renee Togher, President, Azteca Foods (Family Business)
Martha Jahn Martin, Chicago Metallic Corporation (Family Business)
Innovative Tax and Estate Planning Techniques: Protecting Wealth From Emerging Threats
• In-depth coverage of strategies you need to know now to adapt to tomorrow’s tax environment
• Offshore structures
• New estate planning laws and techniques
• Family accounts and financing luxury items
• For profit vs. philanthropic endeavors
Philip J Tortorich, Katten Muchin Rosenman LLP
Hedge Funds: Debating the Future and Pinpointing Opportunities
The good, the bad and the ugly – Questions you need to ask when making future investments in hedge funds and fund of funds
• Examining the role of alternatives in the family office portfolio to answer your greatest questions: Past, present and future
• What really happened and what can we learn from our mistakes?
• Where is the future of hedge funds in the portfolio and how must you adapt to succeed?
• Ensuring due diligence to avoid future fraud
Discover exactly what questions you should be asking from the people best equipped to know
Bill Friend, President, Core Capital and Principal, Harris Holdings (SFO)
Charles Krusen, CIO, Krusen Family Office (SFO)
Daniel Curran, Managing Partner, Curran Family Partnership. Former Board Member CBOE
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
© 2009 Institute for International Research, Inc. All rights reserved
MAIN CONFERENCE DAY TWO:
TUESDAY, June 9
TRACKS
Each Track is designed specifically for Family Members, Family Office Executives or Wealth Managers and Investors.
4:45 (Choose TRACK A,B or C)
KEYNOTE: High-Impact Philanthropy: Redefining the Charity Model to Enable Effective
Organizations When Every Dollar Counts
TRACK A
Family Members
TRACK B
Family Office
Executives
TRACK C
Wealth Managers
and Investors
Philanthropic pioneers merge the success and resources of the Gates Foundation and Microsoft Corporation with the new Microsoft
Alumni Foundation, bringing innovation and entrepreneurial expertise to the new wave of charitable giving
• Pooling resources and leveraging assets to create a powerful charitable collective for tackling the world’s greatest challenges
• Micro-Charity vs. Micro-Finance: Why the time is ripe for disruptive change in charitable giving
• Translating your family passion into a strategic philanthropic mission
• The economics of impactful giving: Implementing a chain of accountability to make a greater difference in a critical time
Presenters:
• Chuck Hirsch, President, Microsoft Alumni Foundation
•Scott Oki, Co-Founder, Microsoft Alumni Foundation; Chief Volunteer, The Oki Foundation
•Steve Mariotti, President, National Foundation for Teaching Entrepreneurship (NFTE)
• Jeff Lauterbach, Family Advisor
Structuring the New Criteria for Evaluating and Selecting Effective Wealth Managers
• Models that help simplify complex decisions
• Tools to build criteria for selecting a wealth manager
• Differentiating prioritizing services to find your best fit
• Developing a multi-faceted decision-making process
• Identifying and prioritizing your criteria
Brian Hughes, Managing Director, Threshold Group
PPORTUNITIES IN TODAY’S MARKET: Rebalancing the Portfolio to Gain a Fresh Perspective
O
on Asset Allocation in the New Economy
• Achieving real diversification – going beyond traditional strategies to effect reliable results
• Evaluating the model: What are the opportunities and asset categories today and how have they evolved?
• The changing role and placement of alternative assets in your portfolio: will they produce returns?
• The government as a stakeholder and what it means for you
• Where do opportunities lie today?
- Real Estate
- Private Equity
- Hedge Funds
Rich Masino, CIO, NorthShore Capital Management, LLC and Founder, Masino Family Office
INVITATION
ONLY
6:00
Invitational Chicago Architecture Cruise:
Exclusively for Family Offices & Family Members
Hosted by Chubb Insurance and Hub International
Marvel at Chicago’s breathtaking skyline while reconnecting with old
friends and beginning new relationships – all while enjoying cocktails,
hors d’oeuvres and a unique Chicago experience.
If you would like to inquire about your invitation, please contact Michelle Bierman at [email protected] or 1 (312) 279-4890.
Please note this event is open only to Family Offices and Family Members.
www.familyofficeforum.net
9
MAIN CONFERENCE DAY THREE:
8:30 WEDNESDAY, June 10
PLENARY
Protecting the Portfolio: Using Convertible Bonds to Preserve and Grow Family Wealth
Greg Miller CPA, CEO, Wellesley Investment Advisors, Inc.
9:30
On the Pulse Research Sampler: A roundup of the best research in the industry
Disclosing key findings on: Compensation, office costs, insourcing and outsourcing; shifts in asset allocations, portfolio performance;
wealth management selection; human capital; generational shifts; trends and expectations for the next 5 years in the family office industry.
Plus: Hear the exclusive results from our pre-conference survey!
Tom Livergood, CEO, The Family Wealth Alliance
John Benevides, President, Family Office Exchange
Representative TBA, Wharton Study
Risk Management and Wealth Preservation in a Volatile Economy
• Impact of current economic volatility on the insurance industry
• A look inside the “Black Box” of insurance policies
- Understanding pricing pressure points, customization and manipulation
- Exposing the risks: Identification, mitigation and management
• The importance of due diligence on advisors and processes
- Undisclosed conflicts of interest and how they impact products
- Creating accountability and disclosure through written guidelines
• Friends don’t let friends be ILIT Trustees – Trustee responsibilities and protections
- Uniform Prudent Investor Act (UPIA): The trustee’s lifeline
- Ongoing management – Simple vs. substance
Michael J. Brink, CLU, AEP, Principal, Pelagus Advisors LLC
James P Kane CIC, President, HUB International Personal Insurance Ltd
11:15 Networking Break
11:45In-House vs. Outsource: Maintaining Control Without Sacrificing Quality
NEW
One Family, Four Solutions. Explore how each branch of the 4th Generation Fel-Pro Family found the best family office structure
for their unique needs.
• Determining when and what to outsource without compromising value (SFO, MFO, VFO or Somewhere In-Between?)
• Outsourcing the CIO function: Have criteria shifted as a result of the economy?
• Achieving economies of scale by leveraging your core competencies and achieving strategic partnerships
• Finding your best family office fit
SFO: Richard Morris, Principal, ROI Consulting
ONE FAMILY
Private MFO: Paul Lehman, Managing Director, Austin-Lehman Adventures
FOUR
BRANCHES
Virtual Family Office: Dennis Kessler, Principal, Family Business Innovations
FOUR SOLUTIONS
Fully Outsourced Family Office: David Weinberg, President, David Weinberg Gallery
About the Felpro Family: A recognized leader in automotive parts and was also known for its progressive human resources practices
Fel-Pro was consistently ranked as one of the Top 10 Companies to Work For in Fortune and Working Mother magazines.
12:45 Lunch
1:45The New Tax Landscape: Achieving Maximum Tax Efficiencies and Preparing for Major Impacts
of Proposed and Emerging Legislation
NEW
• Preserving wealth through advantageous tax planning in new regimes and under varying economic scenarios
• Understanding implications for ordinary income as well as capital gains
• Examining proposed legislation and reviewing potential implications on family office tax planning
• Mitigating the risks of increased tax liabilities
• Structuring investment expenses to be more tax efficient in the family
• Estate tax: Taking advantage of opportunities now
Joseph Karczewski, Managing Director, WTAS LLC
2:30Open Session: We can’t predict the future, so we will dedicate this session to whatever issue is most
important to you in the month before the conference
10
3:30
Conference Concludes
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
© 2009 Institute for International Research, Inc. All rights reserved
10:15 Insurance: Investment or Black Hole – Does Your Risk Management Program Need a Bailout?
Thank you to our new Advisory Board:
Michael Brink, Pelagos Advisors, LLC
Tom Meilinger, Vogel Consulting
Tom Livergood, Family Wealth Alliance
Bill Woodson, Credit Suisse
Tom Handler, Handler Thayer LLC
Robert Bernstein, PRISM Global Advisors
David Lansky, Family Business Consulting Group
Brian Hughes, Threshold Group
DISTINGUISHED SPEAKER FACULTY
Wall Family
Spanning the Family Tree: Emerging
Generations and Multi-Branch Families
Brendan Wall, Wall Family Enterprise
Successful business owner operator with 22 years experience managing and
growing two different multi-million dollar businesses. Key focus on building
strong teams with high morale and loyalty founded on mid-western family
business values. Brendan joined Demco Media, L.P. in 1991 and became
President and COO in 2000.
Mary Wall Yeager, Member of the Board, Wall Family Enterprise
Ms. Yeager was elected to the DEMCO Board in April 2005 also in
anticipation of Chairman John Wall’s ultimate retirement. Ms. Yeager
currently serves on the Wall Family Enterprise and Library and Education
Group boards, Chairs the Compensation Committee which serves both
boards, and serves on the Governance Committee of the Enterprise. Ms. Yeager
previously served on the board of the Maple Bluff Country Club, and was advisor to
the CEO and the Compensation Committee of Cuna Credit Union.
LENDER Family
Keith Lender, Chief Investment Officer, M & M Family Office
Keith Lender is the Chief Investment officer of the M&M Family Office.
Since joining the firm in 2004, Keith has taken on many responsibilities in
addition to managing the firm’s asset allocation, and manager selection.
Keith successfully initiated the search, and ultimately the execution of the
outsourcing of the back office functions of the office. He also reinvigorated the
communication and education efforts to family members, culminating in their first
annual family meeting this past summer.
Marvin Lender, Manager, Lender Management, LLC and Former Owner and
President, Lender’s Bagel Bakery, Inc.
Marvin Lender is Chairman of the Board of Trustees of Israel Policy Forum,
and immediate past Chairman of its Executive Committee. He is the former
Owner and President of Lender’s Bagel Bakery, Inc. and currently Manager
of Lender Management, LLC, A Family Office. He served as National
Chairman and National President of the United Jewish Appeal, now known as United
Jewish Communities. He is on the Boards of numerous Jewish philanthropies and
educational programs on both a local and national level. He serves on the Board of
Trustees of Yale-New Haven Hospital and is immediate past Chairman of its Board
and Executive Committee.
fel-pro Family
Paul Lehman, Former president of Fel-Pro original equipment sales and marketing,
Founder and Managing Partner, Austin-Lehman Adventures
Austin-Lehman Adventures (ALA) is a leader in luxury adventure travel, specializing
in high-end, active vacations.
Dennis Kessler, former Co-President, FEL-PRO; Principal, Family Business
Innovations
Dennis is the former Co-President of Fel Pro Inc., which was in his family
for 80 years. Dennis Kessler is a principal in Family Business Innovations a
firm specializing in helping families to overcome the challenges inherent in
mixing business with family.
Dennis serves as a member of the Board of Directors of three family controlled
businesses: Ideal Industries, Inc., MFRI, INC. and O’Neil Industries. He formerly
served as a member of Fel-Pro’s Board of Directors, as Chairman of the Workforce
Development Committee of Lake County Partners, IL. and the Board of Directors of
the Northern Illinois Business Association.
Richard Morris, former Board Director, FEL-PRO; ROI Consulting
David Weinberg, former co-Chariman and co-CEO, FEL-PRO; David Weinberg
Gallery
Sara Schmidt, Family President, U.S. Oil Co., Inc
Sara Schmidt is actively involved in her family’s third generation business,
U.S. Oil Co., Inc.* She serves on the Board of Directors and is a member of
the Compensation and Governance Committees. In January of 2005 she was
hired as the Family President and assumed responsibility for managing the
communication, leadership development, education, philanthropy, and family
governance for the shareholder group. Schmidt is also the founder and principal of
Sarah Schmidt Consulting, LLC, a practice dedicated to consultation and coaching
for closely held and non-profit organizations.
Renee Togher, President, Azteca Foods, Inc.
Azteca Foods, Inc. is a Chicago-based family owned business and leading
manufacturer of tortilla products. She is a board member of Azteca Foods,
Inc. and ADL, Inc. She currently serves on the Board of the Greater Chicago
Food Depository. As a past board member of Access Living, Chicago, she
served as Secretary of the Board and member of its Executive Committee and is a
past Chairman of the Nominating and Board Development Committee
Martha Jahn Martin, Member of Senior Management Team, Chicago Metallic
Corporation
Martha Jahn Martin is a 3rd generation member of the business-owning family of
Chicago Metallic Corporation (“CMC”), a 116 year-old family business with over
800 employees worldwide. Her current role is the Vice President of Human Resources
and member of the senior management team. Martha also serves on the boards and
committees of various charitable organizations, including the Union League Boys &
Girls Clubs. As a member of the Union League Club of Chicago, she currently serves
on two of its’ standing committees.
Featured Speakers and Renowned Gurus
Christopher B. Galvin, Former Chairman and CEO, Motorola
Christopher B. Galvin is the grandson of Paul Galvin (founder of Motorola)
and the son of Robert Galvin (Chief of Motorola, 1959-1990). He began an
internship with Motorola in 1967, and was promoted numerous times until
being elevated to President and Chief Operating Officer in 1993. In 1997, he
became CEO and in 1999, he added the role of Chairman of the Board to that of
CEO. Currently, Mr. Galvin is cofounder of Harrison Street Real Estate Capital LLC
and is chairman and cofounder of Harrison Street Capital LLC. Mr. Galvin is also cofounder and chairman of Gore Creek Asset Management LLC, the extended Galvin
Family-only large capital investment office.
Edward I. Altman, Max L. Heine Professor of Finance, NYU Stern and Author of the
“Z-Score” Credit Indicator
Edward I. Altman is the Max L. Heine Professor of Finance at the Stern
School of Business, New York University. Dr. Altman has an international
reputation as an expert on corporate bankruptcy, high yield bonds,
distressed debt and credit risk analysis. He has been the recipient of
numerous prestigious awards and has testified before the U.S. Congress, the New York
State Senate and several other government and regulatory organizations.
Professor Altman was one of the founders and an Executive Editor of the Journal
of Banking and Finance and has published or edited two-dozen books including
the Handbook of Financial Markets and Institutions, Credit Risk and High Yield Junk
Bonds; Corporate Financial Distress & Bankruptcy and Managing Credit Risk.
Chuck Hirsch, President, Microsoft Alumni Foundation
Chuck Hirsch is a founding Partner of MHz, LLC and served for six years as
a Managing Director of Madrona Venture Group, where he continues his
association with the firm as a Strategic Director. Prior to this he co-founded
Dare to Dream Intertainment, pioneered the use of wireless technology in
the home entertainment market and was acquired by Microsoft Corporation. As an
executive at Microsoft he co-led the development and launch of Microsoft’s
ActimatesR product line, which revolutionized the interactive toy and early learning
markets. He is a former White House Fellow where he served as a Special Assistant in
the offices of the U.S. Secretaries of Defense and the Navy.
www.familyofficeforum.net
11
Speakers
Steve Mariotti, Founder and President, NATIONAL FOUNDATION FOR
TEACHING ENTREPRENEURSHIP (NFTE)
One of today’s leading experts in education for at-risk youth, Steve Mariotti
changed career paths when he decided to move from the corporate sector
and become a special education teacher in the NYC school system. During
this time he gained insight into how to successfully motivate his tough
students – teaching them how to run a business. In 1987, NFTE, a 501(c)(3) nonprofit organization, was formed. NFTE has reached over 150,000 young people since
its founding and has programs in 28 states and 14 countries. Mr. Mariotti is the
recipient of numerous awards, most recently the Bernard A. Goldhirsch Award for
Entrepreneurial Advocacy, and has been the subject of national profiles including
ABC Evening News and 20/20. He is also the co-author of 8 books on entrepreneurship.
Family Members and Single Family Offices
Frits Besselaar, Founding Family, Clearbrook Partners
Frits has over 16 of years experience in both managing Princeton Investment
Advisors, Inc. the family office he founded in 1992, and investing his family’s
assets. During his tenure at Princeton Investment Advisors, Frits invested in
many highly successful investment partnerships, with mandates that focused
on distressed debt, convertible arbitrage, event driven transactions, long/short equity,
private equity and buy-outs.
Robert J. Bernstein, Managing Member, Wealth Management, PRISM Global
Advisors
Mr. Bernstein is the founder and CEO of PRISM Partners, LLC, his personal
family office, and Managing Member of Heller Bernstein & Associates
(HBA). Prior to this, he spent 10 years as Managing Director, Head of the
Global Emerging Markets at Brinson Partners / UBS Asset Management and
was a senior member of the UBS Asset Allocation, Global Equity and Global Bond
committees. From 1983-93, he was Head of Institutional Fixed Income at Delaware
Investment Advisers (Philadelphia), specializing in high yielding corporate bonds,
nuclear decommissioning trusts and asset backed securities, structuring some of the
original CBO/CDO’s in the late 1980’s.
Mark Casella, Chief Executive Officer & Chairman, Coppertree Ltd
As a 2nd generation owner of a privately held family business he helps
families with the management of their own family’s glue such as privately
held businesses, a family philanthropy, or co-owned assets
D.Fort Flowers Jr., President and CEO, Sentinel Trust Company
Sentinel, a multi-client family office, provides wealth management, fiduciary,
and investment management services to affluent families, their closely held
corporations, and their foundations. Prior to founding Sentinel in 1997, Mr.
Flowers headed the Flowers single family office where he was responsible for
family businesses involved in investments, manufacturing, real estate, and minerals.
Christine K. Galloway, President and CEO, Okabena Company (SFO)
Okabena is the 40-year old Dayton family office. In addition to her
responsibility for the strategic direction of the 40-year old family office,
Chris’ duties include management oversight of accounting, tax-planning and
compliance, financial reporting, systems, insurance and investment
management functions as well as the delivery of financial planning services to
Okabena clients. She is a member of the Board of Directors of Market Street Trust
Company and Coe College.
Bill Friend, Managing Partner & Co-Portfolio Manager, Core Capital
Management, LLC
Mr. Friend has been involved in family office investing since 1992 for his
own and family portfolios. He is a member of the Investment Committee of
the Harris Holdings, Inc. family office having previously served as President
of William Harris Investors Ventures and VP of Pittway Corporation.
Greg Rogers, Founder & President, Raylign Advisory
Prior to founding RayLign, Greg was Managing Director of his family business,
RogersCasey, and was Executive Vice President & Chief Operating Officer at John A.
Levin & Co., a publicly-traded asset management company that included a family
office and over $13 billion in assets under management.
12
Charles Krusen, Chief Investment Officer, Krusen Family Office
Charles Krusen is the founder and CEO of Krusen Capital Management,
LLC (“KCM”). In addition, Mr. Krusen is the Chief Investment Officer of
Krusen Family Office, a single family office based in Tampa, FL, with an
investment office in New York, NY. In addition, Mr. Krusen is a Partner with
Alpha Equity Management, an asset management organization that focuses on long/
short strategies and is a pioneer in 130/30 investing. Mr. Krusen is on the Board of
Trustees of the Southampton Hospital Foundation. Mr. Krusen is an honors
graduate of Harvard College.
Dirk Jungé, Chairman and Chief Executive Officer, Pitcairn
Mr. Jungé has been an innovator and leader in the family office for over 30
years. A 4th generation member of the Pitcairn family, he has served in
numerous capacities including investments, marketing and client services.
He was instrumental in re-establishing the firm as a multi-family office
offering in 1987, and in 2008 led Pitcairn’s pioneering transition to a 100% open
architecture investment platform. Widely recognized for his involvement in social
and community affairs, he sits on a variety of philanthropic and corporate boards.
Richard Masino, Founder and CIO, The Masino Family Office
Richard Masino oversees an in-house long/short equity portfolio and the
allocation of capital to outside alternative investment managers for the
Masino Family Office. Previously, Mr. Masino co-founded VoiceNet
Corporation. Within three years of its launch, VoiceNet had become the
largest stand-alone calling card provider in the country. In 1998, he made a prescient
call by selling 100% of his interests in the company. Shortly thereafter, the tech
bubble would burst and the calling card industry would begin its descent into virtual
obsolescence.
Daniel Thiem, Vice President-Family Office, Royal Management
Corporation
C-Levels of Leading Multi-Family Offices
Steve Braverman, President, Harris MyCFO
Steve Braverman is President of Harris myCFO Investment Advisory
Services LLC, and head of the Northeast office. Mr. Braverman is responsible
for managing Harris myCFO’s investment advisory platform and oversees
the delivery of family office services to the important Northeast market
place. Mr. Braverman joined Harris myCFO in 2006 and has more than 20 years of
professional experience. He is also a regular contributor to CNBC, Institutional
Investor and Barron’s discussing how high net worth families can use derivatives and
structured products in their investment activities
Robert Francais, CPA, Chief Operating Officer, Aspiriant
Mr. Francais is the Chief Operating Officer and one of the largest
shareholders of Aspiriant, the indirect owner of the General Partner and the
Investment Manager. Most recently, Rob was the co-founder and Chief
Executive Officer of Quintile Wealth Management. As CEO, Rob led the
effort to build Quintile from its inception into a thirty five person firm with $2.5
billion of assets under management. During this same time, Rob was also the Chief
Executive Officer of Empaxis. Today, Empaxis reconciles data for over $30 billion in
assets and employs twenty four full-time staff in the U.S. and abroad.
Ben Oehler, Founder, Bashaw Group
Bashaw Group assists business owners as they wrestle with the complex and interlocking concerns of intergenerational strategic planning. Since 1980, Ben has been
a professional advisor to private and public companies, most recently as President
and CEO (1999-2007) of Waycrosse, Inc., the family office for owners of Cargill
Incorporated, one of the largest private companies in the world.
Maria Elena (Mel) Lagomasino, CEO, GenSpring Family Offices
GenSpring Family Offices is a multi-family office that was originally
established in 1989 as AMA - Asset Management Advisors. Mel was named
CEO of the firm in November 2005 and is a recognized leader in the wealth
management industry. Mel serves on the boards of The Coca-Cola
Company, Avon Products, Inc., the Lincoln Center Theater, and is a Trustee on the
Board of the National Geographic Society.
Edward M. Lazar, President, Threshold Group
As President of Threshold Group, Ed has overall responsibility for the
comprehensive set of wealth management services delivered to their clientele.
Ed’s entire 23 years of wealth management expertise has been in service to
families of significant means. Prior to joining Threshold Group in February
2001, Ed was a partner in Arthur Andersen’s Family Wealth Planning practice and
headed their North and South Carolina Core Tax Services group. In addition, Ed is
the Vice-Chair of Communities in Schools of Peninsula.
Rhona E. Vogel, CPA, Owner, Founder & President, Vogel Consulting Group
Vogel Consulting is one of the largest independent multi-family office firms
in the Midwest, serving more than 50 family groups which collectively own
over $3.5 billion of assets.
To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
© 2008 Institute for International Research, Inc. All rights reserved
Scott Oki, Co-Founder, Microsoft Alumni Foundation and
SeeYourImpact. Chief Volunteer, The Oki Foundation
Scott Oki retired after ten years with Microsoft, where he founded
Microsoft’s International Division and also served as Senior Vice President,
Sales, Marketing, and Service. After leaving Microsoft, Oki founded Oki
Developments, Inc., and the Oki Foundation, a nonprofit foundation. He
has founded or co-founded over a dozen non-profit organizations.
The Microsoft Alumni Foundation is a newly formed 501 (c) 3 organization
designed to leverage the Microsoft alumni legacy. Working together with Microsoft
Corporation as well as with grantees of the Bill and Melinda Gates Foundation, and
over 60,000 current former Microsoft Alumni around the world, the trained
membership pool of the Alumni Foundation will undertake projects that will extend
the reach of grant-making organizations.
Family Office Industry Partners
office’s business development efforts on a global basis. He has more than 24 years of
experience in the financial services.
John Benevides, President, Family Office Exchange
John Benevides is president of Family Office Exchange (FOX). Since
Benevides began in July 2005, the firm has launched new member services,
executed a meaningful organizational realignment, and established a
research team dedicated to delivering industry-leading insight and analysis,
culminating in the family office industry’s first benchmarking initiative.
Richard Lavin, Co-Founder, Tiger 21
Richard Lavin Co-Founded TIGER 21 in 1999 with Michael Sonnenfeldt..
TIGER 21 is a peer to peer learning organization for high net worth
individuals. Mr. Lavin facilitates Groups 1, 2 and 3 of TIGER 21. In
addition, for the last 15 years, Mr. Lavin has provided leadership coaching to
CEOs in various industries with revenues of 10 to 200 Million dollars.
Thomas Livergood, Chief Executive Officer, The Family Wealth Alliance
The Family Wealth Alliance is an independent advocate and objective
resource to private families and the firms that serve them. The Alliance’s core
value is “We Place Families First”. Tom has been quoted in Business Week,
Financial Times, New York Magazine, New York Times, The Wall Street
Journal, the Washington Post and numerous others.
Exceptional Industry Experts
Bryan Bell, President, Synth-Bank Consulting, LLC
Bryan Bell is President and Founder of Synth-Bank Consulting, LLC (SynthBank®) a technology practice focusing on using technology to enhance
business and creative processes. For the last 10 years Bryan has been working
as Chief Technology Officer and consultant for the multi-family office,
Threshold Group, LLC. Bryan spent 20 years consulting and pioneering technology
innovation for high-profile corporations and entertainers, including Apple
Computer, Domain Chandon, NBC, GEIS, Herbie Hancock, Carlos Santana,
Branford Marsalis and INXS. Bryan holds a DIS from Harvard University’s Graduate
School of Business Administration.
Judson Bergman, Chairman and Chief Executive Officer, Envestnet Asset
Management
Jud founded Envestnet in 1999, a leading provider of wealth management
technology solutions for investment advisors, financial institutions, and
family offices. Envestnet has grown rapidly and today administers over $75
billion in assets using an innovative data management model that features
leading technology developed under the guidance of Scott Grinis, Envestnet’s
Stanford University-trained (BS/MS, EE) Chief Technology Officer, and supported
by Envestnet’s global administrative staff. Prior to forming Envestnet, Jud was the
Managing Director, Nuveen Mutual Funds, for the John Nuveen Company.
Bruce W. Boyd, Principal and Managing Director, Arabella Philanthropic
Investment Advisors, Midwest Regional Office, Chicago, IL
Bruce Boyd joined Arabella Advisors in early 2007 as a Principal and
Managing Director after spending twenty years building and leading
successful for-profit and not-for-profit ventures. Arabella Advisors provides
strategic counsel to many of the country’s leading philanthropists.
Bruce is a Trustee of the Morrison Family Foundation, the David K. Hardin
Generativity Trust and his own family’s foundation. He served for twenty years on
the Board of Governors of Opportunity International, a leading micro-enterprise
development organization.
Michael J. Brink, CLU, AEP, Principal, Pelagos Advisors, LLC
PELAGOS ADVISORS is a national, fiduciary based, life insurance advisory
firm representing families of significant wealth in the analysis, acquisition
and ongoing management of their life insurance portfolio. As a fiduciary,
PELAGOS ADVISORS, LLC is unique in the life insurance industry as they
legally obligate themselves to act in the client’s best interest and provide full
transparency and disclosure of all risks and costs.
Thomas J. Handler, J.D., P.C., Managing Principal and Chairman, Advanced Planning
& Family Office Practice Group, Handler Thayer LLC
Mr. Handler’s primary area of expertise involves the analysis and structuring
of complex business enterprises and estate plans and handling the related tax
planning issues. He created the Asset Protection Profile™ and Stealth
Prenup™ in addition to other proprietary strategies for affluent families and
family offices. Mr. Handler has been named by the Private Consulting Group, Inc. to
the Wealth Strategies Design Team©, comprised of fifteen of the top wealth planners
in the United States. He is a life member of The National Registry of Who’s Who In
America and has been named to Who’s Who in American Law.
Brian Hughes, Managing Director, Strategic Relationships, Threshold Group
Brian is responsible for building and cultivating family relationships that fit the
personalized client service model at Threshold Group. Prior to joining Threshold
Group in 2008, Brian was managing director for Pitcairn, where he led the family
James P. Kane, CIC, President, HUB International Personal Insurance
With more than two decades of personal insurance experience, Jim Kane
joined HUB International in October 2005 and was named President of
HUB International Personal Insurance Ltd., the personal insurance division
of HUB International. HUBInternational Personal Insurance accounts for
more than 20 percent of total revenue and is among one of the largest providers of
personal insurance in the United States and Canada.
David Lansky, Ph.D., Senior Associate, Family Business Consulting
Group, Inc.
David is a nationally recognized expert on the psychology and family
dynamics of wealth and business. A clinical psychologist and family therapist
by training, David spent over 15 years as a managing partner in a clinical
psychology practice, where he observed the impact that personal
relationships, family dynamics, and communication obstacles can have on financial
families business operations and planning. David has helped facilitate growth in
families, repair difficult relationships, and turn stagnant companies into thriving
organizations.
Charles Meek, Founder & President, Executive Leadership Resources, LLC
Chuck joined the Global Industrial Practice of Heidrick and Struggles, an
international executive search firm and in 2002 founded Executive
Leadership Resources, LLC., a consulting firm that meets the unique human
capital needs of family owned businesses and family offices; he specializes in
Human Capital Risk Management and Strategic Planning, and recruiting non-family
executives.
Thomas E. Meilinger, Managing Director, Vogel Consulting
Tom is an investment advisor representative and joins Vogel with over 28
years of executive experience in wealth management, corporate consulting
and higher education administration. Tom is a founding principal officer for
an investment advisory and family office firm in the Midwest. He has also
been the president of a public foundation, vice president for a private university and
senior consultant to a national marketing firm.
Amy Schuman, Principal, Family Business Consulting Group
Amy Schuman works with family businesses on leadership development,
communication skills and team building and was the founding Facilitator of
the Next Generation Leadership Institute, part of the Loyola University
Chicago Family Business Center. Amy is the author of A Woman’s Place: The
Crucial Roles of Women in Family Business, Nurturing the Talent to Nurture the Legacy:
Career Development in the Family Business and co-author, with John L. Ward of
Family Education for Business Owning Families: Strengthening Bonds by Learning
Together due for release in January, 2009.
Gary S. Shunk, Wealth Psychology, Family Wealth Alliance
Gary Shunk is a consultant to families of wealth and the advisors who serve
them. Since 1992 he has helped individuals, couples and families grapple
with the psychological blind-spots of earned and inherited wealth. He is a
wealth counselor, coach, speaker, workshop and seminar leader, facilitator of
family meetings and retreats, and an expert in family systems and family dynamics.
David Smilow, Chairman, Jefferson National
David Smilow has more than 20 years experience in the financial services
industry. He founded TeleBank in 1989, serving as CEO through 1998 and
Chairman until its sale to E*Trade in 1999. Under his guidance, TeleBank
increased from $50 million in assets to over $5 billion and became the largest
Internet bank worldwide. Prior to founding TeleBank, Mr. Smilow was a portfolio
manager and trader at Goldman Sachs and Drexel Burnham Lambert.
Tom Sowanick, Chief Investment Officer, Clearbrook Partners
Tom Sowanick, Chief Investment Officer of private family investment office
Clearbrook Partners, is an industry veteran with 29 years of financial services
experience. Mr. Sowanick has been recognized by Harvard Business School
and has been an Institutional Investor All American for his research. He is
widely published in the global economic arena and is a frequent guest on Bloomberg
TV. He has also appeared on CNBC and Fox News and in several newspapers,
including the Washington Post, and trade publications.
Philip J. Tortorich, LC, Partner, Katten Muchin Rosenman LLP
Philip Tortorich concentrates his practice in the areas of tax and estate
planning, primarily representing wealthy individuals and closely held
corporations. Mr. Tortorich provides comprehensive tax and estate planning
services, including consultation on tax-efficient structuring of corporate
entities, design of tax-efficient trusts, estate and business planning through captive
insurance programs, structuring of personal family investment companies and advice
regarding philanthropic goals.
www.familyofficeforum.net
13
REGISTRATION
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Fax: +1 941.365.2507
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$2795
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Fee: The standard fee for attending the Family Office Forum is outlined on
the registration form. This includes the luncheon and refreshments, and
the conference documentation and materials submitted by the speakers.
You may enclose payment with your registration or we will send an invoice.
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Dates and Venue:
June 8-10, 2009
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and must be received by IIR prior to 10 business days before
the start of the event. Upon receipt of a timely cancellation
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your payment, which may be applied towards registration
fees at any future IIR event held within 12 months after
issuance (the “Expiration Date”). All credit vouchers shall
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thereupon become void. In lieu of issuance of a credit
voucher, at your request, IIR will issue a refund less a $795
processing fee per registration. Registrants are advised that
no credit vouchers or refunds will be issued for cancellations
received less than ten business days prior to start of the event,
including cancellations due to weather or other causes beyond
the registrant’s control. IIR therefore recommends that
registrants allow for unexpected delays in making travel plans.
Substitutions are welcome at any time. If for any reason IIR
decides to cancel this conference, IIR accepts no responsibility
for covering airfare, hotel or other costs incurred by
registrants, including delegates, sponsors, speakers and guests.
Documentation Order: If you are unable to attend the
program, or would simply like to order additional sets of
documentation for your colleagues, they are available for
$395 per set, including taxes, postage and shipping in the U.S.
Please fill out the order form on the back of the brochure. The
documentation is available for shipment two weeks after the
conference takes place. CREDIT CARD PAYMENT ONLY.
Complain Resolution Policy: For more information regarding
administrative policies such as complaint and refund, please
contact our offices at +1 888.670.8200 or +1 941.951.7885.
Any disabled individual desiring an auxiliary aid for this
conference must notify IIR at least three weeks prior to
the conference in writing by faxing +1.212.661.6045.
Institute for international research is registered with
the National Association of State Boards of
Accountancy (NASBA) as a sponsor of continuing
professional education on the National registry of CPE
Sponsors. State boards of accountancy have final authority on
the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be addressed
to the National registry of CPE Sponsors, 150 Fourth Avenue
North, Nashville, TN 37219-2417. Web site: www.nasba.com.
This is an intermediate level course and there are no
pre-requisites.
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Join us at our New Hotel
Engage in Meaningful Conversation and Build Relationships: In Interactive Formats and Activities Designed to Help
you Connect With the Right People.
This world-class hotel offers a virtual city tour including some of Chicago’s finest landmarks all from the comfort
of the luxurious guestrooms. Precise Swiss service - combined with American energy and European elegance - make
this distinctive four-diamond landmark the perfect place for distinguished tastes.
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To Register, Call +1 888.670.8200 or + 1 941.951.7885 • Fax +1 941.365.2507 • Email [email protected]
© 2009 Institute for International Research, Inc. All rights reserved
Web: www.familyofficeforum.net
Sponsors:
or more than 125 years, innovation, quality protection and unparalleled service have been the hallmarks of Chubb.
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Discriminating individuals, families and their advisors choose Chubb Personal Insurance not only because Chubb offers
higher limits and broader coverages than standard insurers but also because of Chubb’s exceptional claims service and
financial strength. (NYSE: CB, www.chubb.com/personal).
nvestnet Asset Management Founded in 1999, Envestnet is a leading provider of wealth management solutions for
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investment advisors, financial institutions, and family offices. The Company today administers over $75 billion in assets,
including $8 billion managed by Portfolio Management Consultants (“PMC”), Envestnet’s investment research arm. Clients
include leading global custodians, banks, national brokerages, RIAs, and some of the nation’s wealthiest families. Envestnet’s
innovative platform is supported by extensive resources in six offices worldwide.
www.envestnet.com
arris myCFO simplifies the complex issues facing individuals and families of exceptional wealth by delivering the guidance
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and services of a Comprehensive Family Office. Our integrated approach to serving clients combines the expertise of
professionals from multiple disciplines and views all aspects of wealth holistically to advise how these interdependent
opportunities can be best utilized for each family’s special situation.
HUB International Personal Insurance Private Client Advisors, is a dedicated practice that offers the largest
and most sophisticated personal insurance practices in North America. The Private Client Advisors group offers highly
trained, experienced professionals who provide clients with expert guidance and creative, comprehensive and cost-effective
personal risk-management programs for family office managers, affluent families, high net-worth individuals and their
trusted advisors.
Katten Muchin Rosenman LLP’s Trusts and Estates Practice provides creative and comprehensive representation in all areas of
private client services, including personal and tax-driven estate planning for domestic and international clients, business
succession and charitable planning, estate and business planning through captive insurance programs, probate, complex
estate and trust administration, estate and trust litigation and charitable organization representation.
RyHolland Fielder Inc. is the culmination of over 30 years of experience in the oil and natural gas industry. Lead by selfmade entrepreneur Ron Walblay, an Illinois native, RyHolland focuses on profiting from the production of U.S oil and natural
gas. RyHolland’s investments create an opportunity for significant tax advantages, long term revenue and the chance to be a
part of America’s energy solution. www.RyHolland.com
Sponsorship Opportunities:
For information on sponsorship opportunities please contact Sarene Yablonsky at 646.895.7474, or [email protected].
Exhibitions:
Exhibit space will be available at this conference offering you the perfect forum to showcase your products and services.
Please call Jeffrey Dubs, 646.895.7477 for showcase opportunities, or [email protected]
INDUSTRY ASSOCIATIONS:
Build priceless relationships: New interactive formats and exclusive activities
Invitational Chicago
Architecture Cruise
Hosted by Chubb Insurance and
Hub International
Inside the Family Board Room:
Semi-Private Exchange
Champagne Roundtable
Reception with Live Entertainment
Evening Entertainment, with live music by SUENALO, CREATORS OF
“GOGO” (Guitars over Guns Operation)
Created in 2002, Suénalo is one of the hottest bands in South Florida and
was recently honored in the Miami New Times. Even more noteworthy, the
Suénalo’s bandmembers have been reaching out to kids in Miami’s inner city
– where crime rates, gang activities and dropout rates have reached alarming
levels – providing instruments, introducing their unique genre of “world
music” and offering a healthy alternative to the vices of their neighborhoods.
In 2007, Guitars over Guns Operation (“GOGO”) was formed as a 501c3 notfor-profit organization to formalize this ad hoc mentoring. Suénalo trombonist
and GOGO co-founder Chad Bernstein introduced GOGO at last year’s IIR
Family Office Forum, focusing on “entrepreneurial philanthropy” as a way of
building intergenerational legacy. This year, we’ve invited Suénalo to Chicago
so you can experience for yourself their magical brand of music – so tell your
“younger generation” that this year’s Forum is the place to be!!
www.familyofficeforum.net
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Institute for International Research
708 Third Avenue
New York, NY 10017
The 16th annual
ADDED SPEAKERS:
Leslie C. Quick, Founding Partner, Massey Quick & Co. (Family Business)
Massey Quick & Co., LLC is a wealth advocates firm founded in 2004. Mr. Quick began his career as the fourth employee of Quick and Reilly Inc., the first New York Stock
Exchange (NYSE) member to offer discount stock brokerage to the investing public. He was a key member of the management team that built the branch network, started
and grew a major clearing firm, acquired and ran a major NASDAQ market making firm, made many acquisitions of NYSE SPECIALIST firms and built one of the first
electronic internet trading platforms in the industry. Mr. Quick was the company liaison when it offered stock to the public and became a listed company on the NYSE, and
he completed his tenure as Chairman of Fleet Securities, Inc. Mr. Quick is a recipient of the Ellis Island Medal of Honor, the Flame of Charity’s Man of the Year and holds
an honorary degree from St. Bonaventure University.
Daniel Curran, Managing Partner, Curran Family Partnership (SFO)
Dan is the managing partner of the Curran Family Partnership which trades arbitrage strategies including mlp’s,convertibles, mergers and spacs. He was an
investment banker in Chicago with Goldman Sachs And has been on the board of the CBOE and Chicago stock exchange as a specialist.
Joe Calabrese, President, Harris myCFO, Inc.
Joe Calabrese is responsible for the strategic direction, growth and delivery of investment advisory, family office, fiduciary and private banking services of Harris
myCFO™ Mr. Calabrese has more than 20 years of financial services and wealth management industry experience with a broad background in investment
management, finance and taxation. Mr. Calabrese is a Director of Junior Achievement and serves on the Board of Trustees for the Goodman Theatre.
Benjamin Shapiro, Mason Avenue Investments, LLC (SFO)
Matthew Shapiro, Mason Avenue Investments, LLC (SFO)
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Industry Partners:
John Benevides, Family Office Exchange
Brendan Wall, Wall Family Enterprise
Tom Livergood, Family Wealth Alliance
Mary Wall Yeager, Wall Family Enterprise
Mel Legamasino, Genspring Family Offices
Marvin Lender, Lender Family Management
Richard Lavin, Tiger 21
Keith Lender, M&M Family Office
Edward Altman, Author of the “Z-Score” Credit Indicator
Chris Galvin, Former Chairman, Motorola
Multi-Generational Family Perspectives
Exceptional Industry Authorities
The 16th annual
Swissôtel Chicago • June 8 – 10, 2009
New Location
Earn up to 19.5 CPE Credits.
This is a group-live event and there are no
prerequisites.