Family Office Fundamentals - Module 3

Module 3 explores the family office's human capital dimension. It delves into the people employed by a family office, from human resources, staffing, and employment to hiring and compensation. Next, it covers the importance of family office leadership and the role of family and non-family leadership. The module offers approaches to managing change and innovation to guide its strategic planning process.

Learning Objectives

1. Examine human capital management within family offices to understand how human resources roles, family dynamics, and leadership qualities contribute to effective staff recruitment, onboarding, and management.
2. Navigate innovation and change by exploring how family offices respond to market shifts, regulatory changes, and technological advancements, while considering the influence of next-generation members on sustainable investments.
3. Explore family office governance and decision-making processes by analyzing various models and methods to assess their effectiveness and impact on family office operations.

Featured Resources:

The following lessons reference several helpful books to supplement your learning. These are not required to complete the coursework but may be beneficial to further expanding your knowledge.

Articles/Books

• The Complete Family Office Handbook, Second Edition, Wiley by Kirby Rosplock, Ph.D
• Family Office Fundamentals: Human Capital Matters, Wiley by Mark Somers
• The STEP Handbook for Advisers, Third Edition, Barbara R Hauser & Nicola Saccardo (use the discount code Tamarind20 for 20% off)
• The Family Office Navigator: Your Guide to Building a Multigenerational Family Office, IMD International by Peter Vogel & Mario Marconi
• The Five Capitals Framework by Scott Peppet