Much has been studied and written about the function of a family office, acknowledging that every family and every family office will look and behave differently based on numerous factors.

On the latest episode of Through the Wealth Lens, Hannes and Max welcome Mark Tepsich, Family Office Design and Governance Specialist at UBS, to discuss the myriad of challenges faced by family offices that prevent them from functioning properly. Additionally, as UBS' resident expert on the matter, Mark will share stories and examples of advising clients in their family office organizational design, structure, and governance, as well as best practices to sustain their family's wealth for future generations.

Timecodes:

0:06 - Introduction and overview on the topic of the show

1:41 - Mark Tepsich's background and expertise on Family Office models

3:08 - Mark's viewpoint on the traditional family office

6:53 - The five capitals within a family dynamic

11:23 - How the Family-Focused Family Office essentially works

14:03 - How effective communication is implemented within the Family-Focused Family Office

17:19 - The family needs to be at the center of the family enterprise

21:01 - How to begin implementing an effective communication network?

24:20 - The family will evolve over time, which presents new variables and challenges

28:47 - How the Family-Focused Family Office promotes values along the way

31:39 - Why philanthropy is so important among affluent families?

36:44 - How you can get in touch with Hannes and his team

38:00 - Closing remarks

Connect with Hannes Grascher:

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