{"id":21577,"date":"2025-03-25T10:32:47","date_gmt":"2025-03-25T09:32:47","guid":{"rendered":"https:\/\/avs-advisors.com\/?p=21577"},"modified":"2025-03-25T11:25:09","modified_gmt":"2025-03-25T10:25:09","slug":"navigating-the-future-of-family-offices-strategic-hubs-for-families","status":"publish","type":"post","link":"https:\/\/avs-advisors.com\/fr\/navigating-the-future-of-family-offices-strategic-hubs-for-families\/","title":{"rendered":"Navigating the Future of Family Offices: Strategic Hubs for Families"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-29eqpx4-6a324781015ce25447ccfb48e6d1c85d\">\n.flex_column.av-29eqpx4-6a324781015ce25447ccfb48e6d1c85d{\npadding:50px 50px 50px 50px;\nbackground-color:#eceae7;\n}\n<\/style>\n<div class='flex_column av-29eqpx4-6a324781015ce25447ccfb48e6d1c85d av_one_full  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  tta-title first flex_column_div '     ><br \/>\n<section  class='av_textblock_section av-m8ni156q-7ecbb21645b7bb7c98d6241a8c1fbb20'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock tta-title-hl'  itemprop=\"text\" ><h2>Navigating the Future of Family Offices: Strategic Hubs for Families<\/h2>\n<h5 style=\"font-weight: normal;\">An Interview with Peter Vogel, Professor at IMD Business School and Director of the IMD Global Family Business Center<\/h5>\n<p><strong><br \/>\nby Alexandra Jequier &amp; Nick Harris<\/strong><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-m8ni0n4u-ffd1d346899a4389278f36ed498d4a2e\">\n.avia_transform .avia-image-container.av-m8ni0n4u-ffd1d346899a4389278f36ed498d4a2e{\n-webkit-animation-duration:1s;\n-moz-animation-duration:1s;\nanimation-duration:1s;\n}\n.avia-image-container.av-m8ni0n4u-ffd1d346899a4389278f36ed498d4a2e img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-m8ni0n4u-ffd1d346899a4389278f36ed498d4a2e .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-m8ni0n4u-ffd1d346899a4389278f36ed498d4a2e av-styling-circle avia_animated_image av-animated-when-visible-95 fade-in-down avia-align-right  avia-builder-el-3  el_after_av_textblock  avia-builder-el-last  tta-title-img'   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-21531 avia-img-lazy-loading-not-21531 avia_image ' src=\"https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN.png\" alt='' title='TTA-Mar25 - P Vogel EN'  height=\"588\" width=\"591\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN.png 591w, https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN-300x298.png 300w, https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN-80x80.png 80w, https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN-36x36.png 36w, https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN-180x180.png 180w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/div><\/div><\/div><\/p><\/div>\n<div class='flex_column av-1r3nv94-0d8855cbb1be888bd77179f37b174925 av_one_full  avia-builder-el-4  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8nhzlt9-7d574f6102244bf7e46e769e6844d19c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Few people navigate the intersection of family businesses, entrepreneurship, and philanthropy as insightfully as Peter Vogel. As Professor of Family Business and Entrepreneurship at IMD Business School, he holds the Debiopharm Chair for Family Philanthropy and serves as Director of both the Global Family Business Center. Beyond academia, he has built a bridge between research and practice \u2013 founding Delta Venture Partners, advising leading families as an Associate Partner at CFEG, and earning accolades such as a spot on Poets &amp; Quants\u2019 \u201cBest 40 under 40\u201d business professors and Family Capital\u2019s Top 100 Family Business Influencers.<\/p>\n<p>His insights help families not just manage their businesses but also navigate the broader family enterprise system \u2013 from governance to wealth stewardship. His Family Office Navigator, for instance, is not a conventional book, but a tool designed to empower families as they step into a world filled with complexity, opportunity, and risk.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-13tuos8-7a528b1762d418a01f37125d33b4ff30\">\n.flex_column.av-13tuos8-7a528b1762d418a01f37125d33b4ff30{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-13tuos8-7a528b1762d418a01f37125d33b4ff30 av_one_full  avia-builder-el-6  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni1tyt-c5070f5c6e4ec2e123455d9feb956cd3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">AvS Advisors: So, what inspired you to create this unique book? How was the experience of writing the Family Office Navigator?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-wpykzc-2146aa74cf6689849ce32a91a5ea42fe av_one_full  avia-builder-el-8  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni23i2-a1173b17e0f50acb270492178ce32c27'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Peter Vogel: Writing the Family Office Navigator was a very collaborative process with a whole group behind it. It is a book and not a book, at the same time. I would describe it as a framework: a very visual hands-on toolkit for Families. It is part of a bigger plan and goes together with the Family Philanthropy Navigator. My co-author Mario Marconi sadly passed away and the Family Office Navigator came out later than expected. The coral reef is a metaphor to illustrate the Family Enterprise system. It is meant to be a fun and simple \u2013 not simplistic \u2013 guidebook for everybody in the family. The value proposition is to empower families and put them in the driver\u2019s seat. For example, if the Family Business is sold, they are in the press \u2013 many people approach them to \u201chelp\u201d them with their cash. Many families are quite lost and vulnerable in the process of establishing a Family Office. It is like any big transformation in the life of a human being.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8vof0l4-233cac27edef8cf8e3c34b53abb4dcea\">\n.flex_column.av-8vof0l4-233cac27edef8cf8e3c34b53abb4dcea{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-8vof0l4-233cac27edef8cf8e3c34b53abb4dcea av_one_full  avia-builder-el-10  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni5hnn-925159be7acce96870247ebe3cc671b3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">What are the key differences between a Single Family Office and a Multi-Family Office, and how can families determine which is more suitable for their needs?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-8pkls1k-e3c62b6edaf2f3c4ac037b636071ec68 av_one_full  avia-builder-el-12  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni5smp-27ad7d3f55444d08f6cfe073c54b882c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>We can spend hours talking about that. There is a job to be done: the job is to reduce and manage the complexity, to help the family manage the family enterprise ecosystem. When selecting a structure, there are certain dimensions to consider, and it depends on the purpose of the Family Office. Who the family is, what they own, their role in society are key factors. Depending on the role, the range of services may vary: Single Family Office, Multi-Family Office, Hybrid. Are we a small compact family exposed to one jurisdiction and one ecosystem or is this the opposite? We talk about total family wealth which is a broader view than just family wealth.<\/p>\n<p>The objective is to protect and nurture the ecosystem. The Family Office will look different if you are an entrepreneur with a pure investment office or if you are a Family Business where the mandate of the Family Office goes beyond investment and also takes care of Next Gen education. We must look at it in a more nuanced way. The right structure to consider depends on the services needed and the complexities.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2txvdk-7cfe02e06fb97cf497c6f67406984bd1\">\n.flex_column.av-2txvdk-7cfe02e06fb97cf497c6f67406984bd1{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-2txvdk-7cfe02e06fb97cf497c6f67406984bd1 av_one_full  avia-builder-el-14  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni5zeh-313631a26175e0f23993ed34342c81a0'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Speaking of Next Gen \u2013 How can the Family Office contribute to their training and development?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-7n2knqw-b45c54280b959212ea4bce8903475b18 av_one_full  avia-builder-el-16  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni68ep-56ad3e93b78ffb2e88f4185087c6ce9b'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>When we think about succession and grooming the Next Gen the Family Office can play a critical role with the administration side of organizing programs. Some Family Offices have fully structured programmes for the different age groups, they help organize family events and Next Gen training in, for instance, legacy, business assets or board training. It is a balance between the I and the WE. The Family Office can play a key role as a confident of the Next Gen, helping them to navigate what role is best for them, their career trajectory, choosing a university, applying for jobs. Communication across generations, helping with succession plans, mediating between generations: there are different roles, and this depends on the skills and responsibilities. Family Officers need to have that role of trusted partner across generations with emotional intelligence, trustful, leadership, relations with different generations.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-760v1dk-5d4fd50fde5c750dc0cbe1862f5d3414\">\n.flex_column.av-760v1dk-5d4fd50fde5c750dc0cbe1862f5d3414{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-760v1dk-5d4fd50fde5c750dc0cbe1862f5d3414 av_one_full  avia-builder-el-18  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni6imv-8e724dc22bb718efc48899b52d8defa6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Do you think it is advisable to employ family members in the Family Office?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-6rqr8ig-30cb7d456aefdbce111b95cb9212ce43 av_one_full  avia-builder-el-20  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni6onr-a37b2addb7c51c17c4c61e75c2c18b4f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>It is an interesting question and there are pros and cons to having family members there. Often it is one Family member who takes the lead. It is acceptable if the financial performance is good and if this is the goal of the Family Office. But if things do not work according to plan and the rest of the family is not aligned this would be an issue. The risk profile is important: are we investing separately or together or is it all managed by \u201ccousin Fred\u201d?<\/p>\n<p>This is a challenge, and some families can get frustrated. They trust the family member who seems the most qualified, but this could lead to bigger issues if this person does not have the qualifications to work elsewhere. It is acceptable on the board, on the investment committee, but it becomes risky when you start investing your cousin\u2019s money. The Family Office can be used for traineeship: as a platform to train the Next Gen in a non-conflictual way and learn.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-683kk60-11114eccc919a6af59fd1dea0f754bef\">\n.flex_column.av-683kk60-11114eccc919a6af59fd1dea0f754bef{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-683kk60-11114eccc919a6af59fd1dea0f754bef av_one_full  avia-builder-el-22  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni73la-033badc760a9e08ad0bf044457b2dd4f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Beyond governance and training, Family Offices can also serve as a vehicle for strategic investments. How do you see their role in impact investing, and what is the best channel to approach it?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-5sac0oo-5d788febde913343d8991e6b38ba0724 av_one_full  avia-builder-el-24  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni7r8g-488cfc1b579cf7139506ded771521859'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>It is a big topic; Next Gen driven Family Offices have a full impact strategy. Do we have the right tools in place to measure impact? We are getting smarter and better about it. The challenge is that there are so many products from banks. Risto V\u00e4yrynen and <strong><u><a href=\"https:\/\/theimpactoffice.com\/\" target=\"_blank\" rel=\"noopener\">The Impact Office<\/a><\/u><\/strong> are looking behind the curtain to see if there is really impact behind. Families need to develop a better understanding and see what the opportunities in the impact space are. There is a rise of new generation of systemic investors who are trying to transform the landscape with their money. There is still homework to be done to understand the products and what impact really means.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5ejr8go-b6e41c310815c1a0be606efb48095905\">\n.flex_column.av-5ejr8go-b6e41c310815c1a0be606efb48095905{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-5ejr8go-b6e41c310815c1a0be606efb48095905 av_one_full  avia-builder-el-26  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni80k1-d5447424144b9d2300e59718f17a4a52'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">With impact investing playing an increasingly strategic role in Family Offices, ensuring alignment on values and long-term ambitions becomes even more critical. How does a family align on the underlying motivators and ambitions for a Family Office and craft a well-defined purpose?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-50opp7c-9ef2de569b271e4035ec65ac7254804b av_one_full  avia-builder-el-28  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni89c5-1e8bd07a6ddadf8a60dad015cae44ed3'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>This is where the process has to start: mapping out the family enterprise ecosystem, the family purpose and cascade this in the Family Office. The Family Office is not the end goal. It is a means to an end and not the end itself. What is the job to be done? What does good look like for you? What is your aspirational future? You somehow lose your family identity as the family gatherings are not in the Family Business anymore, but it is a positive trauma. Many families go from operating company to Family Office and revert back to operating company because they miss the human factor.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4im9mt4-e9a295b175fd2ccddb2fbd437bfd3afc\">\n.flex_column.av-4im9mt4-e9a295b175fd2ccddb2fbd437bfd3afc{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-4im9mt4-e9a295b175fd2ccddb2fbd437bfd3afc av_one_full  avia-builder-el-30  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni8hb7-2b97cedc0d94b9e4f0bf71a92099c2bc'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Once a family has clarified the purpose and role of their Family Office, the next challenge is translating that vision into a concrete structure. How should a family go about structuring and resourcing a Family Office?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-3t6n3ko-b646aa140075d4a2b6ec7d79ee9ab5fa av_one_full  avia-builder-el-32  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni8pin-77337056ff1699da551ea5d9cf703431'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>How do you leverage existing capital? It starts with a simple set of questions. The roles depend on what you want the Family Office to do: human capital, social capital, reputational capital and then the skills needed for the Family Office; the roles to be filled will depend on that. What are the gaps and how do you fill the gaps? Once we find the talent, how do we incentivize them? The biggest question on compensation is linked to: do we offer long-term incentive plans? Those are pretty standard things but there are different philosophies when it comes to long term. Some families refuse as they believe it will create a conflict of interest. Others say talent will work better if they have co-investment opportunities. The big question is how you associate this with risk. Even if the CIO invests, the majority of the money belongs to the family and risks need to be managed. If there is a succession on the family side, what is succession on the FO side? Do we introduce new management with the new generation? Those are all important questions to consider.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-3dko1o8-92548ca63e50d427b6d3b9168e0a864d\">\n.flex_column.av-3dko1o8-92548ca63e50d427b6d3b9168e0a864d{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-3dko1o8-92548ca63e50d427b6d3b9168e0a864d av_one_full  avia-builder-el-34  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni932z-808155ce85549e7068de92e425e282c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Finding the right structure is just one piece of the puzzle \u2013 ultimately, the success of a Family Office depends on the people running it. What about the level of talent in Family Offices?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-35m447s-a7615c54252ad2b9b36417cfb8665a01 av_one_full  avia-builder-el-36  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni9cio-f4f9e43ab9038687087885f6a48999e2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>We have no data. When a family thinks about a Family Office, the question is who do I get on board? A lawyer, a banker, another trusted advisor? There are pros and cons. Maybe they had a good performance in one ecosystem and not another. A friend of the family might not understand the technicalities. There is a risk to working with sub-optimal individuals. The first people to be hired are often a bad choice because the family does usually not know what they need yet, and the first approach is usually not so good. Larger Family Offices usually have very good talent management.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2oshzo8-4ef3014f9fb1949f05a35b0330c57229\">\n.flex_column.av-2oshzo8-4ef3014f9fb1949f05a35b0330c57229{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-2oshzo8-4ef3014f9fb1949f05a35b0330c57229 av_one_full  avia-builder-el-38  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni9kg7-48293a6a2adb3c2c8fbfe1833cdc0ab1'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Hiring the right talent is just one challenge. Equally important is ensuring the Family Office is governed effectively. What are your thoughts on how to establish sound Family Office governance?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-26yg4wo-422aaeb54c3ea4176a550115169f7593 av_one_full  avia-builder-el-40  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8ni9sp4-66f7a9539784702aeef5192506da524d'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>It is a big and important topic, it depends on other activities you still have: do you have a foundation, an operating company, a family council, an owner\u2019s council? How are those things interconnected? Here we need to add a fourth circle and it goes back to the purpose standing above all that. Sometimes an individual holds the strings together, but it can be an owner\u2019s council. Is the Family Office linked or not linked to the other activities and the Family Business? There are so many different questions to look at before talking about governance. One can do a parallel with classical business governance, the logic is the same.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1nzfnq0-c5bc2ae05d5e6fcc4a3ee49e164f599b\">\n.flex_column.av-1nzfnq0-c5bc2ae05d5e6fcc4a3ee49e164f599b{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-1nzfnq0-c5bc2ae05d5e6fcc4a3ee49e164f599b av_one_full  avia-builder-el-42  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8nia0bq-07e12ce1338e1b96c5445445657eed18'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">When you look at the bigger picture, is there any other aspect you think families should pay more attention to?<\/h4>\n<\/div><\/section><\/div>\n<div class='flex_column av-1d8i1o8-a40f2a09448945d868694dfbd29d0288 av_one_full  avia-builder-el-44  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8nia7i6-76c875dcda2bcb90771ee82f4a795b4a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Many families are jumping into it not exactly knowing what they want and do not take enough time to think about that, especially if there is a liquidity event. Taking the time collectively at the start of the process is key.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-mpvmbc-70653104cb6c64084d00d2efabe41494\">\n.flex_column.av-mpvmbc-70653104cb6c64084d00d2efabe41494{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-mpvmbc-70653104cb6c64084d00d2efabe41494 av_one_full  avia-builder-el-46  el_after_av_one_full  el_before_av_one_full  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8niam6l-b703aaf1275b9e8382489595ba12e759'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h4 style=\"text-transform: uppercase;\">Peter, thank you very much for sharing these insights!<\/h4>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l0qei2-d827bdcea6a4398a40097849aaa9c189\">\n.flex_column.av-l0qei2-d827bdcea6a4398a40097849aaa9c189{\npadding:20px 0 0 0;\n}\n<\/style>\n<div class='flex_column av-l0qei2-d827bdcea6a4398a40097849aaa9c189 av_one_full  avia-builder-el-48  el_after_av_one_full  el_before_av_buttonrow  first flex_column_div column-top-margin'     ><section  class='av_textblock_section av-m8nj0hp2-df7b25b6e0382719dfccd26ffe4023d5'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><\/div><\/section><\/div>\n<div  class='avia-buttonrow-wrap av-m8nic9tn-ee35f2c92a5fb6aa0c3cf660abba5f7d avia-buttonrow-right  avia-builder-el-50  el_after_av_one_full  avia-builder-el-last  column-top-margin'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-t4l388-9b626434cec274c479c02405cece590d\">\n#top #wrap_all .avia-button.av-t4l388-9b626434cec274c479c02405cece590d{\nmargin-bottom:10px;\nmargin-left:10px;\n}\n<\/style>\n<a href='https:\/\/avs-advisors.com\/fr\/trustedadvisor'  class='avia-button av-t4l388-9b626434cec274c479c02405cece590d avia-icon_select-yes-left-icon avia-size-small avia-color-theme-color'  ><span class='avia_button_icon avia_button_icon_left ' aria-hidden='true' data-av_icon='\ue830' data-av_iconfont='entypo-fontello'><\/span><span class='avia_iconbox_title' >Back<\/span><\/a>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-m8nic9dq-7da0efc03057169153454c8b3d2f574a\">\n#top #wrap_all .avia-button.av-m8nic9dq-7da0efc03057169153454c8b3d2f574a{\nmargin-bottom:10px;\nmargin-left:10px;\n}\n<\/style>\n<a href='https:\/\/avs-advisors.com\/wp-content\/uploads\/2025\/03\/TTA-Mar25-P-Vogel-EN.pdf' class='avia-button av-m8nic9dq-7da0efc03057169153454c8b3d2f574a avia-icon_select-yes-left-icon avia-size-small avia-color-theme-color' target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_button_icon avia_button_icon_left ' aria-hidden='true' data-av_icon='\ue82d' data-av_iconfont='entypo-fontello'><\/span><span class='avia_iconbox_title' >Download PDF<\/span><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":21531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[53],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - 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