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ALIGN Conference Offered Strategies, Connections and Real Talk for Family Office Professionals

FO Pro: The Family Office Professional held its inaugural ALIGN conference in Chicago last month, hosting family offices and the families they represent. Speakers offered strategies on topics such as wealth management, governance best practices, succession planning, family dynamics and family cohesion.

Family offices focus on domestic real estate

Direct investments in fully-owned physical real estate are the most popular form of real estate investment for family offices, accounting for 59% of investments by those with real estate investments in 2022.

Avoiding entitlement

How can parents instill in their children the values that their own less wealthy upbringing gave them?

Unhappy Family: How to Manage Conflict and Risk in Family Offices

While the benefits of having a family office are many, there are also risks — not only to the business, but also to the family itself. Families and family wealth inherently come with a lot of complexity that can cause conflict, affecting relationships, operations and financial capital.

The reality of wealth and the kids

A great deal of misfortune comes from unintended consequences of well-intentioned actions. Wealth advisers want to serve their family clients well, but their work...