The Tenth Family Wealth Report Family Office Investment Summit 2024 Event Guide UBS, 11 Madison Ave, New York November 13, 2024 8:30am – 6:00pm EST
To The Tenth Family Wealth Report Family Office Investment Summit 2024 Contents
We are delighted to be hosted by our venue partner, UBS, and look forward to an exceptional day ahead. Today’s themes focus on critical areas within the family office and wealth management sectors: risk management and alternative investments. These topics are increasingly important as families and wealth managers navigate complex markets, aiming to safeguard assets while exploring diverse growth opportunities. We have a fantastic program and an impressive lineup of speakers ready to share their insights and expertise.
Laura McDowell and Scott Eckel from Charles Schwab will start off with a discussion on Policy, Politics and the Markets. They’ll cover recent Capitol Hill developments, upcoming tax reform debates, Fed policies, and regulatory proposals shaping the investment landscape.
Jay Wolstenholme (Datos Insights) will talk about The Rising Risk - Performance Analytical Demand Across the Family Office as clients want more transparency and quantitative tracking of risk and performance analytics across their investment portfolios.
Trusthouse will present The Intersection of Wealth and Health. The expert panel will discuss strategies for mitigating health and financial risks as baby boomers age, focusing on preparedness and planning.
Trends in Wealth Structuring for the Next Generation will feature wealth management professionals from The Bahamas Financial Services Board exploring key trends and strategies in multi-generational wealth structuring, particularly relevant as the world experiences the largest wealth transfer in history.
FWO Accounting & Consulting will speak about Empowering Leaders – Fund Accounting for Alignment and Success and show ‘What Good Looks Like’ in fund accounting, including data accuracy, workflows and reporting. Wilmington Trust will present Custom Index Solutions for Family Offices
Patrick Kennedy (All Source Investment Management), a regular contributor to Family Wealth Report, will speak about The Power of the Other AI, alternative investments serving as a powerful tool for allocators.
Dan Scansaroli (UBS) will talk about Private Investments, Perpetual Funds & Family Office
Allocation Trends. Family Offices increasingly invest in alternatives to enhance returns. He’ll explore asset allocation trends, alternative impacts, and perpetual strategies’ benefits and trade-offs.
Bridge will continue with the alternative investments theme and present The Evolving Landscape of Alternative Investments. This presentation explores tech’s impact on alternative investments, evolving mentorship in private equity, reduced late-stage funding, and shifting talent strategies.
The panel session Passion Assets: Luxury to Legacy will take us into the world of luxury collectibles, ”passion assets”, including luxury and classic cars, works of art, sports memorabilia, coins, jewellery and watches, and fine wines and spirits, and why they are attracting attention as viable alternative investments in an asset class of their own.
Matthew Erskine, another regular Family Wealth Report contributor, will follow with Art as an Alternative Investment and show ‘what advisors need to know’.
Nanne Dekking (Artory), Courtney Booth Christensen (Winston Art Group), and Lisa Gelles (Howard Insurance) will discuss Art and Technology: Redefining Authenticity in a Digital Age and lead a discussion on art, fraud, and tech, exploring challenges in authenticity and innovations safeguarding art’s value and integrity.
Reverting to the risk management theme, Anna Garcia (Altari Ventures) and her panel will present Risk: The Common Language of Opportunity in Enterprise Fintech. Risk management in the financial industry drives enterprise-level decisionmaking. The panel will talk about risk as a key opportunity in fintech, highlighting AI-driven, data-rich risk management innovations.
In today’s final presentation, The AI-Driven Evolution of Alternative Investments, Tal Shahar (Atlas Invest) will explore how AI transforms alternative investments, enhancing private debt, SMAs, and analytics, enabling scalable, customized strategies for family offices’ evolving needs.
We invite you to actively engage in the sessions and enjoy the networking opportunities.
Event hosted by: ClearView Financial Media Ltd (Publisher of Family Wealth Report)
83 Victoria Street London, SW1H 0HW United Kingdom
+44(0)207 148 0188 www.familywealthreport.com www.clearviewpublishing.com
Laura McDowell, Director of Family Office for Schwab Asset Management will be joined by Schwab’s Washington insider, Scott Eckel, Managing Director of Legislative and Regulatory Affairs at Charles Schwab, for an entertaining and informative discussion on the intersection between policy, politics, the economy and the markets. Scott will provide his perspective on a polarized Washington and the outcome of the highly-anticipated 2024 election. He’ll discuss the latest developments on Capitol Hill, the looming fight over tax reform, Fed policy and key regulatory proposals that will directly impact the investment landscape. Scott’s ability to cut through the noise and nonsense of Washington helps investors and advisers understand which issues really impact the markets – and investment portfolios.
SCOTT ECKEL - Managing Director, Legislative and Regulatory Affairs - Charles Schwab
Clients want more transparency and quantitative tracking of Risk/Performance analytics across their investment portfolios:
• Direct indexing/ factor tilting and tracking error.
• Factor analysis of what is contributing to risk/return.
• Historical performance attribution of portfolios.
• Alternative investment allocation.
JAMES (JAY) WOLSTENHOLME - Strategic Advisor - Capital Markets - Datos Insights
10:20 Refreshments
and private wealth managers, on the generational health concerns families should consider as baby boomers approach their 80s. From the health care needs of aging parents to ensuring long-term health, these experts will explore how sudden medical emergencies or conditions can create unforeseen financial strain. They will offer strategies to mitigate those
/ Agenda
12:20 PRESENTATION: Custom Index Solutions for Family Offices
Join us for an informative session on Wilmington Trust Custom Indexing. This presentation will introduce the concept of custom indexing, highlighting its benefits and applications. Through real-world case studies, we will demonstrate how Wilmington Trust Custom Indexing can be tailored to meet specific investment goals, optimize tax efficiency, and enhance portfolio personalization.
EVERETT PERONI, CFA - Senior Wealth Advisor - Wilmington Trust ASHVIN VISWANATHAN, CFA - Senior Equity Portfolio Manager - Wilmington Trust
12:25 Lunch & Networking
1:25 PRESENTATION: The Power of the ‘Other’ AI
One of the most powerful investment themes throughout 2024 has been AI. While investors have been laser focused on artificial intelligence, at All Source Investment Management we’ve been focused on another powerful AI theme – alternative investments. An asset class which was formerly only available to the mega wealthy and institutions, can now be accessed by affluent retail investors. With a clear regime shift under way, alternative investments can serve as a powerful tool for allocators.
PATRICK KENNEDY - Founding Partner - All Source Investment Management
1:40 PRESENTATION: Private Investments, Perpetual Funds, & Family Office Allocation Trends
Family Offices have been exceedingly seizing on opportunities to invest in alternatives to boost returns and income. In the last 3 years, the democratization of access to private investments with perpetual strategies has created a shift in tools to manage and build diversified asset allocations with enhanced periodic liquidity and reduced operational complexities. In this presentation we will review general asset allocation trends, the impact of adding alternatives, and the benefits and trade-offs of adopting perpetual strategies to maximize the growth of a family’s investment portfolio.
DANIEL J. SCANSAROLI - Head, Portfolio Strategy - UBS Wealth Management
1:55 PRESENTATION: The Evolving Landscape of Alternative Investments: Adapting to Technological Disruption in a Changing Market
In this presentation, we’ll examine how technology is impacting key aspects of the alternative investment industry. We’ll explore how private equity’s apprenticeship model is evolving, with implications for people development, culture, and succession planning – raising the question of whether the traditional mentorship model will hold up. We’ll discuss how increased efficiencies at tech companies may reduce the need for late-stage venture funding, potentially altering the universe of investable opportunities. Finally, we’ll address the “so what”: How investors are navigating changes to how they develop talent internally and assess opportunities in this shifting landscape.
AYO EKHATOR - COO & Co-Founder - Bridge
ALEX GOODWIN - CEO & Co-Founder - Bridge
2:05 PANEL 4: Passion Assets: Luxury to Legacy
Delve into the world of luxury collectibles/”passion assets” including luxury and classic cars, works of art, sports memorabilia, coins, jewelry and watches, and fine wines and spirits, and why they are attracting attention as viable alternative investments in an asset class of their own. Takeaways include the importance of:
• Understanding your luxury collectibles/passion assets, and their value
• Incorporating collections in all aspects of wealth, tax, estate/succession, and philanthropic planning
• Proper valuation, storage, risk mitigation, provenance, etc.; Avoiding pitfalls
• Effective communication and relationships with trusted advisors
COLLEEN BOYLE
- Managing Director, Business Development & Philanthropic Strategy - The Fine Art Group
JOHN CASTRUCCI - National Managing Director, Family Office Advisory Services - RSM US LLP
THOMAS RUGGIE
BRIAN HUGHES
2:55 Refreshments & Networking
- Founder & CEO - Destiny Family Office
- President - Eton Advisors (Moderator)
/ Agenda
3:15 PRESENTATION: Art as an Alternative Investment – What Advisors Need to Know
As inflation increases, many advisors see a silver lining in art as an alternative investment unaffected by the financial markets. The art market has transformed post-pandemic, becoming more resilient with a significant rise in wealth leading to increased investment in art. We will discuss Private Equity and Art Funds, Managing Art Investments, tax and Legal Considerations, Handling Inherited Art and Art in Family Offices
MATTHEW ERSKINE
- Owner - The Erskine Company
3:30 FIRESIDE CHAT: Art and Technology: Redefining Authenticity in a Digital Age
Join Nanne Dekking of Artory, Courtney Booth Christensen of Winston Art Group, and Lisa Gelles from Howard Insurance for a compelling discussion that delves into the complex relationship between art, fraud, and technology. As the art world embraces digital innovations – it faces new challenges and opportunities in safeguarding authenticity and value. This discussion aims to illuminate the evolving landscape of art in the face of technological advancements, highlighting both the risks of fraud and the innovative solutions emerging to protect creativity.
COURTNEY BOOTH CHRISTENSEN - Sr. Director, Trusts & Estates - Winston Art Group
NANNE DEKKING - Founder & CEO - Artory
LISA GELLES - Executive Director - Howard Insurance
3:50 Refreshments & Networking
4:05 PANEL 5: Risk: The Common Language of Opportunity in Enterprise Fintech
Risk management in the financial industry drives enterprise-level decision-making. Today, risk management is more urgent than ever, as it is aided and exacerbated by emerging AI technology and an explosion of data. There are many different flavors of risk that cut through organizations, from financial to operational to reputational. In this panel, Anna Garcia, the GP of enterprise fintech investment firm Altari Ventures, leads a conversation with founders and CEOs of startups addressing today’s most urgent risk management challenges inside the financial industry.
DANIEL FADDOUL
VANESSA LIU
ALEX REYFMAN
ANNA GARCIA
- Founder & CEO - Auditive
- Co-Founder & CEO - Sugarwork
- CEO - Tradewell Technologies
- Founder & Managing Partner - Altari Ventures (Moderator)
4:50 PRESENTATION: The AI-Driven Evolution of Alternative Investments
This presentation will explore how AI and technology are reshaping alternative investments, starting with private debt as a practical entry point. We’ll discuss how SMAs enable family offices to achieve the customization, flexibility, and transparency once exclusive to public markets. Attendees will learn how AI empowers analysts through enhanced data screening and predictive insights, supporting smarter, more scalable investment decisions without sacrificing human expertise. Finally, we’ll highlight how this shift opens opportunities for more efficient, cost-effective strategies that align with the evolving needs of family offices.
TAL SHAHAR
- Co-Founder & CEO - Atlas Invest
5:00 Summit Summary & Cocktail Reception
/ Speakers & Presenters
Scan this QR code to view Full Speaker Bios on our website.
JOHN CASTRUCCI
National Managing Director, Family Office Advisory Services RSM US LLP
SCOTT ECKEL Managing Director Charles Schwab
ANNA GARCIA Founder & Managing Partner Altari Ventures
ANTOINE BASTIEN Chief Executive Officer Genesis Fund Services Limited
COURTNEY BOOTH CHRISTENSEN
Sr. Director, Trusts & Estates Winston Art Group
AYO EKHATOR Co-Founder & COO Bridge
LISA GELLES Executive Director Howard Insurance
COLLEEN BOYLE Managing Director, Business Development & Philanthropic Strategy - The Fine Art Group
DR. ANTHONY D’AMBROSIO
Neurosurgeon, President & CEO Neurosurgeons of New Jersey
MATTHEW ERSKINE Owner The Erskine Company
ALEX GOODWIN Co-Founder & CEO Bridge
DR IYANDRA SMITH BRYAN Chief Operating Officer Quantfury Trading
NANNE DEKKING Founder & CEO Artory
DANIEL FADDOUL Founder & CEO Auditive
NIEKIA HORTON CEO & Executive Director Bahamas Financial Services Board
/ Speakers & Presenters
BRIAN HUGHES President Eton Advisors
BRIAN M. MELBOURNE Managing Director – Investments Wells Fargo Advisors
CORI RODDA Founder & Principal FWO Accounting & Consulting
DIANE SIRAKOVSKY MSN, PMHNP-BC, BSN, RN Nurse Practitioner, Co-Founder TrustHouse
PATRICK KENNEDY Founding Partner - All Source Investment Management
EVERETT PERONI, CFA Senior Wealth Advisor Wilmington Trust
THOMAS RUGGIE Founder & CEO Destiny Family Office
ASHVIN VISWANATHAN CFA
Senior Equity Portfolio Manager - Wilmington Trust
VANESSA LIU Co-Founder & CEO Sugarwork
LORNA J. REDRUP, CPA Senior Manager Tax Services Trove
DANIEL J. SCANSAROLI Head, Portfolio Strategy UBS Wealth Management
PAUL WINDER Former Chairman Bahamas Financial Services Board
LAURA MCDOWELL Director, Family Office Charles Schwab
ALEX REYFMAN CEO Tradewell Technologies
TAL SHAHAR Co-Founder & CEO Atlas Invest
JAMES (JAY) WOLSTENHOLME
Strategic Advisor - Capital Markets - Datos Insights
/ Sponsors & Partners
Altari Ventures is an early stage venture capital firm funding exceptional innovators in enterprise fintech. Informed by deep financial domain expertise and software investing experience, the Altari thesis covers data-driven enterprise intelligence, capital markets and asset management technology, CFO tech stack, embedded finance and decentralized/centralized infrastructure convergence. Simply put, we invest in opportunities where the “fin” is as critical to the success of the business as the “tech.”
www.altariventures.com
Built on a legacy of real estate and financial expertise, Atlas Invest enables effortless growth of real estate-backed debt portfolios. Tailored for investors seeking secure, asset-backed opportunities, Atlas combines cutting-edge technology with expert knowledge to craft bespoke portfolios aligned with long-term strategies. Our comprehensive, end-to-end service meticulously manages every aspect - from loan sourcing to continuous monitoring and repayment - delivering a seamless investment experience with embeded risk mitigation. Atlas’ enables consistent returns, instiling confidence that your investments are positioned for lasting growth.
www.atlas-invest.co
Auditive is a continuously monitored risk network connecting businesses and their customers on one platform. Sellers can showcase their risk posture on the network and win deals 4x faster. Buyers can complete 80% of their vendor reviews in minutes and monitor their risk continuously throughout the relationship’s lifecycle.
www.auditive.io
The Bahamas Financial Services Board (BFSB), launched in April 1998, represents an innovative commitment by the financial services industry and the Government of The Bahamas to promote a greater awareness of The Bahamas’ strengths as an international financial centre. BFSB represents and promotes the development of all sectors of the industry, including: banking, private banking and trust services, mutual funds, capital markets, investment advisory services, accounting and legal services, insurance, and corporate and shipping registry. In addition to its coordinated programs to increase confidence and expand knowledge of The Bahamas among international businesses and investors, the private sector- ed BFSB will continue to consult with government to develop new initiatives to meet the rapidly changing demands of international financial markets.
www.bfsb-bahamas.com
/ Sponsors & Partners
Bridge simplifies alternative investment management for investment advisors, family offices, and institutions with AI-native workflow automation software. Our product offering spans document collection, data extraction, and insight generation, saving customers time and money, and transforming their ability to manage and utilize their private markets data. Bridge was founded by Alex Goodwin and Ayo Ekhator, two ex-PE investors / Harvard Business School alums, alongside a founding team with software engineering backgrounds at Plaid and Microsoft. The company is backed by numerous family offices and notable senior executives from leading private equity firms.
www.bridgeinvest.io
Datos Insights is the advisor of choice to the banking, insurance, securities, and retail technology industries – both the financial institutions and the technology providers who serve them. We help our clients make better technology decisions so they can protect and grow their customers’ assets. Our consulting and thought leadership delivery are set apart by the deep industry knowledge of our advisors, a long history of successful client partnerships, and a foundation of empirical research and data. Our advisors have been in our clients’ shoes, so their counsel is rooted in real-world experience, not speculation. We are staffed for deep client partnerships – not for scale – and we offer open-door accessibility. Whenever clients need us, they can reach us.
www.datos-insights.com
Our mission is to be the most trusted custodian to investment advisors and family office professionals serving the ultra-wealthy community. Our dedicated team of experts is highly specialized in providing what is most critical to the modern family office. As an industry leader, we combine high-touch service with the modern technology needed for today’s single- and multi-family offices. We also offer subject matter expertise, curated thought leadership, and bespoke events to fuel success and ensure sustainability of the family office firms we serve. It’s why 434 family offices custody with Schwab Advisor Services™ and why we are entrusted with $706 billion in ultra-high-net-worth household assets.
www.schwab.com
Destiny Family Office helps wealth creators, wealth inheritors, and their families find solutions to challenges that come from managing significant resources, providing high-impact “single-family-office” services in a multi-family office setting. Our drive for innovation and evolution is foundational to meeting our families’ evolving needs which includes privileged access to sophisticated private direct and co-investment solutions (which have included SpaceX, Anduril, Xai, and Reddit), underpinned by strong research capabilities. In addition, we have created a deepening prominence in the collectibles space for top-tier collectors, integrating their valuable collections as alternative assets into all aspects of their planning and wealth management strategies.
www.destinyfamilyoffice.com
/ Sponsors & Partners
Eton Advisors is an independently managed investment advisory firm serving affluent multi-generational families across North America. Based in Chapel Hill, North Carolina, Eton utilizes a goals-based framework to provide a full suite of integrated advice designed to fulfill the family’s needs, priorities, and aspirations in a multi-generational context.
www.etonadvisors.com
FWO Accounting & Consulting specializes in fund and investment partnership accounting, as well as software selection and optimization for family offices, hedge funds, and private equity firms. Leveraging deep industry expertise, FWO enhances financial management through efficient software implementation, customized reporting, and comprehensive training. Their services streamline financial processes, helping clients maximize software investment with clarity and accuracy. Additionally, FWO offers temporary, partial, and full outsourced accounting solutions to meet evolving business needs.
www.FWOaccounting.com
Howard Insurance offers customized protection solutions designed for families and institutions with complex insurance needs. Our insurance portfolios work with and enhance the overall wealth protection and preservation strategies of our clients. We understand insurance needs at each stage of a complex financial life. Our insurance solutions are rooted in experience over three generations of working alongside families and individuals who have built and preserved wealth. Leaders in private insurance advisory and risk management, we pair deep expertise with sincere attention to our clients’ needs.
www.howard-insurance.com
Whether you are looking to establish, maintain or transition a family office, we can help you meet your goals. Our family office practice helps define and sustain a family’s vision across their operating business, investment structure and the family office. The power of being understood® is a commitment we make to our family office clients. By taking the time to understand the family’s unique goals and by customizing solutions that integrate people, processes, data and technology, we provide long-term value to our family office clients. RSM US LLP is the U.S. member of RSM International, a global network of independent assurance, tax and consulting firms with 64,000 people in 120 countries.
www.rsmus.com
/ Sponsors & Partners
Sugarwork is changing the way companies hold onto institutional knowledge. Sugarwork creates a structured process to aggregate tacit knowledge in order to surface the information people need to work better, and faster, whether they are coming, going, changing roles, or changing the business. Our platform connects individuals within organizations and leverages generative AI to make the information they share usable and valuable for them and their team.
www.sugarwork.com
The Fine Art Group is the leading independent global advisory firm, specializing in art, luxury, art financing, and valuations. With nearly 25 years of expertise, we are dedicated to guiding clients throughout every stage of their collecting journey. Our core service offering includes Advisory, Art Investment, Art Finance, and Appraisals & Valuations, alongside further bespoke solutions tailored to each client’s unique needs. Our distinguished reputation for navigating the complexities of the global art and luxury markets has been further strengthened by our growing number of strategic partnerships, such as Patti Wong & Associates and Schwartzman&. With headquarters in New York, London and Hong Kong, and operating across 15 major international cities, our team delivers unparalleled expertise across Art, Luxury, and Finance, championing our clients’ best interests with the utmost discretion and transparency.
www.fineartgroup.com
The UHNW Institute was founded in 2019 to transform the wealth management industry to better serve ultra-high-net-worth families as they continue to evolve. As a nonprofit think tank and learning exchange, the UHNW Institute is elevating the wealth management industry to a new standard so that advisors and families can foster prosperous and meaningful relationships from one generation to the next. The UHNW Institute offers unbiased thought leadership, peer-to-peer collaboration, original content and programming, and more.
www.uhnwinstitute.org
Tradewell Technologies develops software to help institutional investors trade fixed income securities electronically. Some of the largest global institutional investors use our tools to make their trading more efficient and help implement their investment decisions.
www.tradewelltech.co
/ Sponsors & Partners
TrustHouse provides elite, nurse-led in-home care tailored to families who seek discreet and bespoke services. Our registered nurses deliver comprehensive, expert attention with a focus on preserving both health and wealth. TrustHouse builds lasting relationships, offering personalized care that adapts to clients’ evolving needs. From pre- and post-natal care, post-operative recovery, and mental and behavioral health to wellness support and chronic condition management, we ensure longevity and excellence in healthcare. Our Essentials Access Membership Program guarantees priority 24/7 care, offering precision, discretion, and peace of mind for those seeking the highest level of health management.
www.trusthouse.care
UBS connects UHNW clients and families to the most relevant expertise through every stage of their financial, professional and personal journeys. We have specialists dedicated to bringing institutional-quality advice to our clients, who can tap into our centers of excellence to better:
• Protect their wealth.
• Navigate pitfalls and opportunities across family enterprises.
• Create a legacy for their family’s future success.
• Unlock global opportunities.
• Gain access to institutional family office services.
• Maximize their potential.
Our specialists work to deliver bespoke, customized solutions tailored to service all client types: founders and entrepreneurs, multi-generational families, family offices, corporate executives and more.
www.ubs.com
A Heritage of Trust. A Personal Approach.
At Wilmington Trust, we have deep-rooted experience working with complex individual, family, and business situations. Founded by one of the nation’s foremost, forward-thinking families, we’ve helped generations of clients pursue their wealth aspirations. As the chosen provider of wealth management services for M&T Bank – one of the top 15-largest U.S.-based commercial bank holding companies*– our capabilities are vast, yet our approach is personal. We offer advice, guidance, and solutions across the financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and high-touch solutions of Wilmington Trust. No matter how complex a goal may seem, we specialize in finding the right strategy that aims to achieve it.
www.wilmingtontrust.com
FAMILY WEALTH REPORT - ALWAYS AT THE CENTRE OF YOUR 360° VIEW ON THE WEALTH MANAGEMENT LANDSCAPE
Family Wealth Report is the leading source of news and analysis for over 12,000 wealth management professionals in the US and Canada. Over 16 years it has amassed a readership derived from the largest and most prestigious North American Firms providing advice to HNW and UHNW clients.