Family Office Director

Key Responsibilities

• Strategic Planning & Governance:
  Develop tailored strategies for wealth preservation and growth, respecting each family’s unique dynamics and entrepreneurial background.
  Establish governance frameworks to guide family members in wealth and business-related decisions.
• Investment & Asset Management:
  Oversee the portfolios of multiple families, ensuring diversification and alignment with individual financial and business goals.
  Provide insights into asset allocation, given the active involvement of entrepreneurs in their businesses.
• Risk, Tax, & Estate Planning:
  Implement strategies for financial risk mitigation, especially considering the business exposures of each family.
  Advise on tax-efficient strategies that account for both personal and business incomes.
  Develop estate planning approaches tailored to first-generation wealth scenarios.
• Operational Efficiency & Technology Integration:
  Implement operational standards across different family offices for consistent reporting and security.
  Promote technology solutions that accommodate the diverse needs of multiple families.
• Financial Education & Succession Planning:
  Facilitate educational programs tailored to first-generation wealth holders.
  Drive succession planning, considering the active business engagements of the entrepreneurs.
• Relationship & Stakeholder Management:
  Cultivate relationships with each family, understanding their unique needs and business engagements.
  Facilitate transparent communication between the family office and individual family stakeholders.
• Philanthropy & Impact Investing:
  Guide families in their philanthropic endeavors, recognizing the values of first-generation wealth holders.
  Propose impact investment opportunities that resonate with each family’s ethos.
• Legal, Compliance & Regulatory Relationships:
  Ensure compliance across different family financial activities, considering the business engagements of the entrepreneurs.
  Foster positive relationships with financial regulators, ensuring the interests of each family are represented.
• Crisis Management & Contingency Planning:
  Prepare for unforeseen financial or business crises, tailored to the complexities of active businesses.
  Develop contingency plans that safeguard both personal wealth and business interests.
• Personnel Management & Team Leadership:
  Oversee the hiring and training of staff across different family offices.
  Promote a culture of respect, understanding the nuances of working with first-generation wealth holders
  

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field;
• MBA or similar advanced degree preferred.
• Proven experience in wealth management, preferably with first-generation entrepreneurs or high-net-worth individuals.
• Profound understanding of business operations and the challenges facing first-generation wealth holders.
• Exceptional interpersonal skills, with the ability to navigate complex family and business dynamics.
• Robust analytical, strategic thinking, and problem-solving skills.

Compensation

Base compensation for this role is $150,000 with opportunities to expand beyond that as the client load you are serving exceeds the firm’s profitability model. We expect you to reach that crossover point in the 18-24 month window. Once you have hit the crossover point, your compensation will transition from base to a percentage of your client billings. Operating with a full client load, we project an annual income in the range of $250,000-350,000.