[Webinar] The Essentials of Running a Family Office

[Webinar] The Essentials of Running a Family Office

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Overview

A family office is a privately held company that handles investment management and wealth management for a wealthy family, with the aim to grow and transfer wealth across generations. The 2021 implosion of Archegos Capital Management has exposed many common problems concerning family offices. In this course, the speaker would highlight not only the basics but also the Dos and Don’ts of running family office(s).

Objective

By the end of the training, participants will have a basic understanding of:
- The setting up of a family office
- Operating a family office
- The relevant regulatory requirements

Content

PART A
- How and where to set up a family office?
- What is needed?
- Possible structures
- Licensing and taxation issues
- Transfer pricing

PART B
- How to run a family office
- What is needed?
- What are the risks?
- Governance, Compliance, Conflict and Privacy & security issues

PART C
- Focus on Hong Kong
- FSDC paper
- PWM and Succession Planning
- Common SFC requirements (licensing; discretionary power; fair treatment of clients; fair allocation of orders; reporting and etc.)

Who should attend

This course is primarily targeted at fund managers, asset managers, in-house counsel & compliance, senior management such as Responsible officers, Managers-in-Charge, directors, wealth management staff and anyone who would like to have a better understanding of a family office.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person throughout the period of 1 October 2016 to 31 March 2023 upon satisfactory completion.

Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.

The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.

WAM Pilot Programme Special Requirements

If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.

Speaker/Course Instructor

Richard GRASBY
Mr. Richard Grasby is the Founder of RDG Fiduciary Services Limited. He is a lawyer admitted in England and Wales, the Cayman Islands and the BVI. He is a member of the STEP Hong Kong branch executive committee and a former chair of the branch. He is a member of the steering committees for both the STEP Business Families and the International Client Special Interest Groups. He is a member of the Hong Kong Trustees Association and the Hong Kong Institute of Directors. He has 20 years of experience working with global clients in respect of trusts, estate planning, diversified asset holding structures and related regulatory matters. He has been based in Hong Kong since 2009 and previously worked in the Cayman Islands, London and Jersey.

Details

Code
TPPWM21008801
Date & Time
Wednesday, 18 Aug 2021 (6:30PM - 8:30PM)
Venue
Virtual Platform
Language
English
Level
Introductory
Hours
SFC:2.00, PWMA:2.00
Please choose the language
ENG