The Sherpa Update
The Sherpa Update
New Family Office CEO – Nicola Forest has appointed a dedicated CEO to her family office, nicely timing a move into “delivery mode”.
Family Office CEO interview - An excellent interview with the CEO of a large single-family office that talks to the unique risks of managing the assets and operations of a business dedicated for one client. The “uncomfortable conversations” quote rings very true.
Family Office Investing - people are often surprised when they see family office portfolios. With such large asset size, they expect them to be very "institutional" in their portfolio construction. But they are susceptible to the same investor psychology as any individual.
Family Office Decision Making – without the right processes in place, nothing will get done and the risk of doing nothing can be mean family conflict, compliance issues and wealth dilution.
ChatGPT – a family office contact very kindly pointed out that “deep research” is available on ChatGPT. It’s a big deal (for me, anyway).
Family Office Investing Roundtable - I'm on the latest roundtable for Brian Adams' Mack International podcast, this time talking all things Family Office Investments. For listeners of the episode, you'll notice that I refer a lot to "our advisers", which is intentional.
The reason is that I'm not an allocator of capital, I'm the curator and/or interrogator of that advice. Not in a way that questions the investment ability of professionals, but more in a "can you explain that to us" kind of way. Being the "critical friend" - for both internal and external stakeholders.
Family Meetings – what is best practice and what is the point?
Family Office Succession Planning - Hope is not a plan when it comes to succession planning and risk management. Hard decisions need to be made, often at times of stress and without clear process.
Family Office Deal Flow – A good article on the double edged sword of too much secrecy and the need to get out and socialise. The herd mentality of family offices is real. “You do have to make sure you literally and metaphorically get out of the building if you're a family office, otherwise you could get left behind.”
Sherpa Subscription Link – for those not already on this Sherpa newsletter list, you can join here.
Hall Road (free) members area link – for those looking for the article library.
Sherpa Podcast – you can find all the episodes on Spotify or Apple Podcast.
Cheers,
Shaun
Hall Road Investments
ABN 61 621 299 269
T: +61 (0)403 289 937
Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road Investments Pty Ltd (CAR No. 001279456) and is authorised to provide general advice to wholesale investors
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