Building a Legacy: Family Office Wealth Management
"We want to create a safe learning space where families in similar circumstances can speak openly."
"We want to create a safe learning space where families in similar circumstances can speak openly."
Summary
Wealth management for high-net-worth families has grown increasingly complex. For some families, the responsibility of wealth management has shifted to younger generations who have less experience investing. For other families, the early liquidation of businesses has created uncertainty for mid-career professionals who face new investments or major life decisions. In this program, you will gain an in-depth understanding of best practices in family wealth management; explore the governance, structure, and investment challenges that are unique to families; and discover new approaches for managing and preserving family wealth.
You may also be interested in the related program: Family Office Wealth Management—Virtual.
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Gain insights to build a professional family officeGain insights to build a professional family office
- Establish the right structure, governance, and organizational design for a family office
- Make savvier financial decisions based on a deeper understanding of family wealth management
- Set clear goals that reflect the family's priorities and principles
Find solutions to your wealth management challengesFind solutions to your wealth management challenges
- Develop an action plan for initiating an intergenerational transfer
- Implement best practices for separating operating assets and family office assets
- Make key hires or use outsourcing to address skills gaps
Explore the full range of investment opportunitiesExplore the full range of investment opportunities
- Apply frameworks for evaluating unique investment opportunities for family real estate, niche assets, emerging markets, public market ideas, and startup/venture-backed investments
- Determine whether (and how) to pursue opportunities in private equity
- Stay informed about investing in frontier asset classes
Analyze philanthropic opportunities and partnershipsAnalyze philanthropic opportunities and partnerships
- Evaluate philanthropic pursuits and partnership opportunities
- Consider the pros and cons of strategies such as impact investing
- Discover other ways of investing for impact, such as via endowment models
Expand your personal and professional networkExpand your personal and professional network
- Extend your network by living and working with accomplished executives from various backgrounds, industries, and countries around the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Who Should Attend
- Executives from a family office or wealth management office
- Family business owners, beneficial owners, and other family members, including children of the business leaders and their spouses/partners
- Particularly appropriate for chief investment officers, chief executive officers, investment managers, or top family business leaders
- Also appropriate for family members with a range of financial acumen—from expert to novice
- Not appropriate for investors who are not representing a family's interests
Attendance by multiple company representatives or family members is encouraged but not required.
Chief executives and family members involved in the company and looking to expand business strengths and strategies are encouraged to explore our program, Families in Business.
Program for Leadership Development participants earn 3 PLDA Points on completion of this program.
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Who Should Attend
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- Executives from a family office or wealth management office
- Family business owners, beneficial owners, and other family members, including children of the business leaders and their spouses/partners
- Particularly appropriate for chief investment officers, chief executive officers, investment managers, or top family business leaders
- Also appropriate for family members with a range of financial acumen—from expert to novice
- Not appropriate for investors who are not representing a family's interests
Attendance by multiple company representatives or family members is encouraged but not required.
Chief executives and family members involved in the company and looking to expand business strengths and strategies are encouraged to explore our program, Families in Business.
Program for Leadership Development participants earn 3 PLDA Points on completion of this program.
Dive Deeper into the ExperienceSee how exchange with faculty and peers yields new insights into critical business trends.Thrive in a learning environment that welcomes diverse ideas and perspectives.Learn best practices of family office and investment decision-making.
Learning and Living at HBS
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
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Learning and Living at HBS
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When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
Admissions Criteria and Process
"We want to create a safe learning space where families in similar circumstances can speak openly."