A family office is not "money management" but a corporation for managing family capital, where investing is only one function. The course delivers a complete architecture. Model: single family office (SFO) vs multi-family office (MFO), hybrid, virtual family office; when an SFO is economically justified (threshold usually 100-250m) and when an MFO is better. Governance: investment committee, family board, role separation (principal, CIO, COO, CFO), conflicts of interest policy, delegation and mandates. Investment policy statement (IPS): family objectives, horizon, risk profile, target return, liquidity needs, constraints (exclusions, concentration limits), rebalancing. Asset allocation: public markets, private equity/VC, real estate, direct investments, hedge funds, credit, real assets, cash management; strategic vs tactical allocation, illiquidity budget, J-curve. Manager management: selection, due diligence, fee negotiation, monitoring, co-investment. Reporting and consolidation: total wealth view, consolidated P&L, performance attribution, family report. Operating infrastructure: custodian, banks, portfolio management systems, cybersecurity, insurance, document workflow. Taxes and structures: holdings, funds, trusts, residency, CRS/FATCA. A dedicated block covers human capital: heir education, philanthropy, family mission, transition preparation. Practice: developing an IPS and investment policy for a specific family.
Thinking…