Family Office Executive
Search
Relationships with 1,000+ family offices +
The largest family office association with
over ...
The Family Office Executive Search Process: The following is the process that
our 13 person team uses to complete thorough...
I wanted to explain to you a few family office recruiting challenges.
I think that the family office industry is one of th...
2. A couple other reasons it is really hard to navigate is that it can take a
long time to build up trust and get to know ...
3. Another challenge is that a lot of people see the family wealth
management industry as a place they don't want to work ...
4. Compensation levels can be a real challenge within the industry. To get
the best talent that can wear multiple hats and...
5. The last thing I wanted to mention was that because of the reputation
within the industry a lot of people are afraid to...
I hope this advice is helpful to you if you are just getting into the industry or
trying to recruit people for the first t...
Laser-Focused on Family Office Mandates is one of the only global family
office recruiting and executive search firms glob...
Upcoming SlideShare
Loading in...5
×

Family Office Recruiting Challenges

661

Published on

There are many challenges to family office recruiting whether you are doing so internally or hiring a firm to help you retain talent. The family office industry is often misunderstood, fragmented, and secretive. If you need help with a family office recruiting challenge please see our website http://FamilyOfficeExecutiveSearch.com or email us at clients@FamilyOfficeExecutiveSearch.com

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
661
On Slideshare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Family Office Recruiting Challenges

  1. 1. Family Office Executive Search Relationships with 1,000+ family offices + The largest family office association with over 72,000 global members = Leading Family Office Executive Search Services FAMILY OFFICE RECRUITING CHALLENGES
  2. 2. The Family Office Executive Search Process: The following is the process that our 13 person team uses to complete thorough and confidential executive search mandates for family offices globally. FAMILY OFFICE EXECUTIVE SEARCH PROCESS Family Office Executive Search Process
  3. 3. I wanted to explain to you a few family office recruiting challenges. I think that the family office industry is one of the most difficult industries to navigate if you are a career professional, but even more so to find great talent that is experienced in the right types of way for your family office. There are many different things that make it nearly impossible to easily find people who are experienced in the family office space, especially if you're a single family office. Five Family Office Executive Search Challenges: 1. Many large family offices do not have websites. They do not want people finding them and selling them things nonstop, they don't want regulators looking at them more often than needed, and they don't want people copying their business models. Most single family offices still have operating businesses. For example, one commodity family office I know of has over a billion dollars and they don't have a website because they don't want their competition even knowing they have a family office. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  4. 4. 2. A couple other reasons it is really hard to navigate is that it can take a long time to build up trust and get to know somebody, and some single family office operations like to wait one year, two years, three years before hiring somebody after they get to know them. And what that means is that a lot of trust has to be built along the way and that can make the process very slow and some people get impatient with that. Connect with our Team: To get started on getting to know each other please call us at (212) 729-5067 or email us at Clients@FamilyOfficeExecutiveSearch.com. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  5. 5. 3. Another challenge is that a lot of people see the family wealth management industry as a place they don't want to work because of the politics. There are things going on within a family office, maybe a patriarch or matriarch changing their mind about something and it might totally change the direction of the family office, even change the role of somebody at the family office. And there is not much warning of that sometimes. I know somebody who just recently quit a billion dollar plus family office position, top three executive positions, because what they were promised didn't happen at all. They were supposed to be able to manage a discretionary portfolio of assets, and that wasn't the case at all. They were basically treated like a junior analyst. Connect with our Team: To get started on getting to know each other please call us at (212) 729-5067 or email us at Clients@FamilyOfficeExecutiveSearch.com. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  6. 6. 4. Compensation levels can be a real challenge within the industry. To get the best talent that can wear multiple hats and move quickly and really serve a family office well you often do have to pay close to top dollar and a lot of family offices are ran by entrepreneurs that are somewhat thrifty and have watched the dollar from the beginning to make sure it is not spent unwisely. And they might not be comfortable paying $750,000 or $650,000 a year. So that can be a challenge just overcoming that hurdle can be a big problem. Connect with our Team: To get started on getting to know each other please call us at (212) 729-5067 or email us at Clients@FamilyOfficeExecutiveSearch.com. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  7. 7. 5. The last thing I wanted to mention was that because of the reputation within the industry a lot of people are afraid to even go interview for a job because maybe someone in that office building will recognize them and realize that they are interviewing for a job and they are worried it will get back to their current employer, they'll lose their job, and it could take them a couple years to find another great job working at a large family office. It's a very real concern, and the executives that come to me, one of the first things they talk about is just being discrete in what they are looking for and making sure we do not mess up their current career and the progress they're making there. Connect with our Team: To get started on getting to know each other please call us at (212) 729-5067 or email us at Clients@FamilyOfficeExecutiveSearch.com. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  8. 8. I hope this advice is helpful to you if you are just getting into the industry or trying to recruit people for the first time. I think that you will relate to many of the challenges I'm talking about here. What we offer is a solution to many of these headaches. The Family Offices Group is by far the largest network of family office professionals in the world. Over 95% of family offices in the United States have somebody on their team that is party of our Family Office Association. Hundreds of Single family offices in the United States and over 1,000 family offices globally are members. And we are in about 70 different countries now and so what we can do is help you with talent searches, recruitment, and executive searches for family offices. Connect with our Team: To get started on getting to know each other please call us at (212) 729-5067 or email us at Clients@FamilyOfficeExecutiveSearch.com. FIVE FAMILY OFFICE EXECUTIVE SEARCH CHALLENGES Five Family Office Executive Search Challenges
  9. 9. Laser-Focused on Family Office Mandates is one of the only global family office recruiting and executive search firms globally that exclusively focuses on working with single and multi-family offices. Global Family Office Talent Database: The advantage of working with us here at Family Office Executive Search is that we have the largest database of talent in the industry, with over 73,000+ professionals in our Family Offices Group association. We have met with over 1,200 family offices face-to-face in over 15 countries, and we have relationships with over 50 families through our Billionaire Family Office division. Through our data research, bestselling book on family offices, quarterly family office training workshops, live webinars, training platform, and great brand recognition we have a marked advantage both in reach and understanding. To Learn more about Family Office Executive Search, visit our website:http://FamilyOfficeExecutiveSearch.com/ FAMILY OFFICE EXECUTIVE SEARCH PROCESS Family Office Executive Search Process

×