Episode 7
December 7th 2023
Show Summary
This program focuses on options to help streamline operations and provide an outsourced solution along with improving communications, managing governance, and enabling secure connections between family members and the family office.
About the Moderator
Andy Fox, Family Office Executive
Andy is a wealth management professional with over 35 years of experience. He spent the last 16 years in the family office space as a COO or CFO of single family offices. His expertise is in investment accounting and reporting, operations and administration. Andy represented the first family office to implement the SEI Archway product, which was successfully completed due to his background and experience.
-
More about Andy
Prior to working for single family offices, Andy spent 10 years as a Managing Director at US Trust responsible for client service and relationship management for a high net worth client base of over $30 billion in assets under management. Andy also worked at Union Bank of Switzerland and started his career at Goldman Sachs. Andy is currently providing consulting services to single and multi-family offices.
About Trusted Family
Represented by Elvira Orza Hnatov, Head of the Americas
Trusted Family is an award-winning technology that offers a single, secure and centralised governance platform, enabling your single or multi-family office to seamlessly manage relationships and communications between shareholders, advisors and family office administrators. A Trusted Family platform brings all stakeholders together onto a single, secure portal that improves operational efficiency and streamlines communication channels through our integrated and easy-to-use tools.
-
More about Trusted Family and Elvira
Founded by two next-generation entrepreneurs from European business families, Trusted Family leverages over a decade of industry expertise to help multi- generational family businesses thrive and achieve long-term success through effective digital family governance and an exclusive community connecting family businesses and offices to a global network to learn best practices and stay informed with the latest research and trends.
***
Elvira Orza is Head of the Americas for Trusted Family. She joined Trusted Family in 2014 and has been instrumental in making the US Trusted Family’s biggest market. She is also a member of Trusted Family’s global Advisory Committee. Before joining Trusted Family, Elvira was a partner at Family Office Metrics, (now part of Ernst & Young) a leading provider of technology, operations and strategic consulting to the ultra-high-net-worth family office marketplace. Having extensive experience working with family offices and family businesses, she understands the unique complexities of enterprising families.
About RSM Family Sight
Represented by John Castrucci, National MD of Family Office Advisory Services, and Michael Johnson, Partner
FamilySight is RSM’s cloud-based dashboard consisting of a suite of proprietary and customizable technology solutions designed specifically for the needs of Family Offices. FamilySight provides the access, control and transparency needed to make strategic decisions in a timely manner. With technology scaled to match the complexity of your family office, FamilySight crystallizes a family office’s entire ecosystem and helps manage a comprehensive list of operational components, including wealth aggregation, automated tax prep, and outsourced accounting, to name a few.
-
More about RSM, Michael and John
With technology, RSM’s anticipation is that Family Offices will move away from manual processes, and work towards cloud-based, automated solutions that will enable Family Office personnel to make the decisions they were hired to do.
***
Michael Johnson
Mike is a Tax Partner and leader of RSM’s Family Office Enterprise technology platform, FamilySight. Having served family office clients for over 20 years, his recognition of working in silos was not achieving the consistent results our clients expected. Working with firm leadership, he created and shaped the vision for what is referred today as FamilySight. He believes that clients having secure access, full-transparency, and control over their data is the starting point for all family offices, and with that, the possibilities are endless. Mike and his family live outside of Chicago. He has his Bachelor degrees in both Accountancy and Finance, as well as a Masters in Taxation, all from DePaul University in Chicago.
John Castrucci
John works in RSM’s Family Office practice and has over 30 years of family office advisory experience including over 10 years of public accounting experience, covering family office tax and family office advisory services in the areas of individual tax, family office structuring, leading practice reviews, risk practice & procedural reviews, legacy planning, governance advisory, family office design, and technology search and selection initiatives. John also has 10+ years of experience at Private Wealth Management & MD at a Global Multi-Family Office (MFO) as regional managing director running & overseeing wealth transfer strategists and a founding member of a financial institutions MFO task force. John served in C-suite roles as CEO, CFO, and COO of Multi-generational Global Single-Family Offices (SFO).
