“Family Office” recruiting is one of the most difficult subsets of wealth management.

Loaded with mystery and allure, many wealthy families want to “have” a family office. It’s a different story when the family has to determine the ROI of the project, lay out the costs and, ultimately, staff one. This is actual work.

Family offices are expensive and require deep strategic thought and long term purpose and budgeting by the family.

As we will learn here, family offices call for the identification, acquisition, and support of talent that is not readily available. This new talent can also be risky.

A new structure with new people subjects large amounts of personal wealth to the domain of outsiders and public risk. Failure is often embarrassing (and expensive).

I went to a source with a unique viewpoint.

BRIAN C. ADAMS is a Principal at Mack International, a leading executive
search, and human capital consulting firm that serves the family
office/wealth management markets.

Along with his background in family office, Brian has co-founded two real estate private equity firms, Excelsior Capital and Priam Properties, and has assembled a portfolio of over $600 million in real estate assets.