H a r v a r d | B u s i n e s s | S c h o o lExecutive Education
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Program Advising team
Email: executive_education@hbs.edu
Family Office Wealth Management—Virtual
Dates: 26 OCT–11 NOV 2021
Location: Virtual
Fee: $6,000
The program fee covers tuition, e-books, and online case materials.
This program includes live online classes, self-paced work, discussion groups, and virtual networking. Download brochure for detailed schedule.
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 virtual 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 through a live online platform.
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 virtual 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 through a live online platform.
Successful family offices are adept at managing the tension and interplay between
family dynamics and investment decisions. This program will equip you with the tools
to address these specific challenges and deepen your understanding of investment opportunities
for high-net-worth families. You will emerge with the competence and confidence to
design a wealth management strategy and structure that effectively meets your family's
goals.
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
Successful family offices are adept at managing the tension and interplay between
family dynamics and investment decisions. This program will equip you with the tools
to address these specific challenges and deepen your understanding of investment opportunities
for high-net-worth families. You will emerge with the competence and confidence to
design a wealth management strategy and structure that effectively meets your family's
goals.
Details
Gain 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 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 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 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 network
Extend your network by connecting 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 in-person program,
Families in Business.
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 in-person program,
Families in Business.
Just as HBS pioneered the case study method, we also built the first live online classroom
in 2014 and have been refining and optimizing our virtual program experience ever
since. In a world that is now centered around virtual connection, our programs reflect
the input and experience of tens of thousands of participants.
When you participate in a virtual HBS Executive Education program, you benefit from
a powerful learning experience carefully designed with a virtual setting in mind.
Through live, synchronous program sessions you'll engage directly with our renowned
faculty to learn from their latest research, gain actionable takeaways, and facilitate
your growth. In addition, virtual discussion groups will connect you to a global group
of peers and build your network.
Just as HBS pioneered the case study method, we also built the first live online classroom
in 2014 and have been refining and optimizing our virtual program experience ever
since. In a world that is now centered around virtual connection, our programs reflect
the input and experience of tens of thousands of participants.
When you participate in a virtual HBS Executive Education program, you benefit from
a powerful learning experience carefully designed with a virtual setting in mind.
Through live, synchronous program sessions you'll engage directly with our renowned
faculty to learn from their latest research, gain actionable takeaways, and facilitate
your growth. In addition, virtual discussion groups will connect you to a global group
of peers and build your network.
Admissions Criteria and Process
We admit candidates to specific sessions on a rolling, space-available basis, and
encourage you to apply as early as possible. Although most programs have no formal
educational requirements, admission is a selective process based on your professional
achievement and organizational responsibilities.
Our Program Advising team can help you at any stage of the admissions process—starting
with identifying the program that best addresses your learning and development goals.
Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You
may use our online form or download an application. HBS maintains all application
information in strict confidentiality. We acknowledge receipt of applications via
email. In the unlikely event that you do not receive an acknowledgment, please email
us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions
Committee makes selections that balance each participant's experience, scope of current
responsibilities, and type of organization. HBS seeks candidates who reflect a broad
range of industries, functions, countries, and backgrounds. We review applications
monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, e-books, and online case materials. No payment is necessary
until you have been accepted. Payment is required prior to the program start date.
If you need to cancel or defer participation, you must submit your request in writing
more than 30 days before the start of the program to receive a full refund. Cancellations
or deferrals received 14 to 30 days prior to the start of the program are subject
to a fee of one-half of the program fee. Requests received within 14 days are subject
to full payment.
We admit candidates to specific sessions on a rolling, space-available basis, and
encourage you to apply as early as possible. Although most programs have no formal
educational requirements, admission is a selective process based on your professional
achievement and organizational responsibilities.
Answering Your Questions
Our Program Advising team can help you at any stage of the admissions process—starting
with identifying the program that best addresses your learning and development goals.
Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission
We recommend that you apply at least four weeks before the program start date. You
may use our online form or download an application. HBS maintains all application
information in strict confidentiality. We acknowledge receipt of applications via
email. In the unlikely event that you do not receive an acknowledgment, please email
us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review
To optimize the learning experience and maximize the exchange of ideas, our Admissions
Committee makes selections that balance each participant's experience, scope of current
responsibilities, and type of organization. HBS seeks candidates who reflect a broad
range of industries, functions, countries, and backgrounds. We review applications
monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations
The program fee covers tuition, e-books, and online case materials. No payment is necessary
until you have been accepted. Payment is required prior to the program start date.
If you need to cancel or defer participation, you must submit your request in writing
more than 30 days before the start of the program to receive a full refund. Cancellations
or deferrals received 14 to 30 days prior to the start of the program are subject
to a fee of one-half of the program fee. Requests received within 14 days are subject
to full payment.
Program content, dates, schedule, fees, technology platforms, and faculty are subject
to change. In accordance with Harvard University policy, Harvard Business School
does not discriminate against any person on the basis of race, color, sex or sexual
orientation, gender identity, religion, age, national or ethnic origin, political
beliefs, veteran status, or disability in admission to, access to, treatment in, or
employment in its programs and activities.
What You Will Learn
Your rich learning experience will include faculty presentations, case studies, and
small-group discussions. To broaden your global perspective, the program will cover
cases about established family offices around the world.
Your rich learning experience will include faculty presentations, case studies, and
small-group discussions. To broaden your global perspective, the program will cover
cases about established family offices around the world.
Program Format
The program takes place over three weeks, with live, synchronous classes every Tuesday
and Thursday (11:00 AM to 2:00 PM ET, including a 30-minute break), and small group
discussions for learning and networking. You will also have ample opportunity for
interaction with faculty and peers inside and outside the class sessions.
Collaborative learning is an integral part of the experience. To maximize the benefit
for everyone, you are expected to attend every session, complete all assignments,
and contribute effectively in the class and in small groups. We advise setting aside
a total of 5-7 hours per week for program work in addition to the synchronous class
sessions.
The program takes place over three weeks, with live, synchronous classes every Tuesday
and Thursday (11:00 AM to 2:00 PM ET, including a 30-minute break), and small group
discussions for learning and networking. You will also have ample opportunity for
interaction with faculty and peers inside and outside the class sessions.
Collaborative learning is an integral part of the experience. To maximize the benefit
for everyone, you are expected to attend every session, complete all assignments,
and contribute effectively in the class and in small groups. We advise setting aside
a total of 5-7 hours per week for program work in addition to the synchronous class
sessions.
Building a toolkit and framework for analyzing a range of investment strategies, including
direct investments, indirect investments, and unique investment opportunities
Understanding the sources of risk in value investing
Evaluating direct private investments, private equity, venture capital, and frontier
asset classes
Setting goals for wealth preservation, wealth maximization, and foundations
Managing intergenerational wealth transfers in business families
Balancing the spending and investment needs of the family
Hiring in-house experts or teams versus outsourcing wealth management
Optimizing governance, structures, and organizational design
Family office portfolio management
Exploring applications of modern asset allocation, portfolio management, and the "endowment
model" of investing
Managing life and investments after a liquidity event
Applying family preferences and social goals in an investment strategy
Managing risk and integrating a more professional approach
Preparing for the role of future generations in family wealth management
Family office investment opportunities and strategies
Building a toolkit and framework for analyzing a range of investment strategies, including
direct investments, indirect investments, and unique investment opportunities
Understanding the sources of risk in value investing
Evaluating direct private investments, private equity, venture capital, and frontier
asset classes
Managing headline risk and privacy
Impact investing and partnerships
Identifying the best partners to engage with and partners to avoid
Exploring the pitfalls and advantages of government partnerships
Measuring impact and performance in philanthropy and impact investing
The HBS Advantage
Our Executive Education programs are developed and taught by HBS faculty who are widely
recognized as skilled educators, groundbreaking researchers, and award-winning authors.
Through their board memberships, consulting, and field-based research, they address
the complex challenges facing business leaders across the globe.
Our Executive Education programs are developed and taught by HBS faculty who are widely
recognized as skilled educators, groundbreaking researchers, and award-winning authors.
Through their board memberships, consulting, and field-based research, they address
the complex challenges facing business leaders across the globe.
H a r v a r d | B u s i n e s s | S c h o o lExecutive Education
