Wealth Management

[Webinar] The Essentials of Running a Family Office

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 Highlight

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.

Instructor / Speaker

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.

Administrative Details

Code
TPPWM21008801
Date & Time
Wednesday, 18 Aug 2021 (06:30 PM - 08:30 PM)
Venue
Virtual Platform
Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 9 - Asset management
Language
English
Hours
SFC:2.00, PWMA:2.00
Fees