[Webinar] The Essentials of Running a Family Office
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).
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
- How and where to set up a family office?
- What is needed?
- Possible structures
- Licensing and taxation issues
- Transfer pricing
- How to run a family office
- What is needed?
- What are the risks?
- Governance, Compliance, Conflict and Privacy & security issues
- 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.)
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.
資產財富管理業先導計劃 - 專業培訓資助計劃
合資格之金融服務業現職從業員只要圓滿修畢，便可以就2016年10月1日至2022年8月31日期間上課的合資格課程 / 研討會申請發還80%學費，或上限每人10,000元。
申請人可申請多於一個課程 / 研討會的資助，合計上限10,000元，但每個課程 / 研討會只獲發還學費一次。
已填妥並簽署的申請表連同五項所需的證明文件必須於完成所參加課程 / 研討會當日起計四個月內提交至香港證券及投資學會辦事處。全部課程須於2022年8月31日或之前修畢方符合申請發還學費的資格。詳情請參考資產財富管理業先導計劃網站。
Richard advises trustees, ultra-high net worth individuals, private trust companies and family offices on the establishment, restructuring and administration of trusts, including special trusts i.e. BVI VISTA, Cayman STAR and Employee Benefit Trusts. He regularly assists in estate administration, succession planning and family governance.
Richard has acted for many of the world’s leading trust companies, financial institutions, wealthy individuals and related structures. He has experience with dealing with clients and advisors across the globe. Richard has over 20 years’ post qualification experience with the majority spent in offshore firms. Richard has lived and worked in Jersey, London, the Cayman Islands and (since 2009) Hong Kong. He is admitted as a solicitor in England and Wales and the British Virgin Islands and is a Registered Foreign Lawyer in Hong Kong. He has also been admitted as an Attorney in the Cayman Islands.
Richard is an elected Academician of the International Academy of Estate and Trust Law (the only such offshore practitioner in APAC). He is also a Certified Anti Money Laundering Specialist. Richard is a lecturer on trusts and family offices for the Hong Kong Securities and Investment Institute and for the Hong Kong University of Science and Technology.