Nine out of ten Latin American companies are family-owned firms, yet only 30 percent of these businesses survive to the second generation, according to research conducted by the Family Business and Office School. The major culprits for why family businesses don’t thrive long term are: a lack of wealth succession planning and inefficient family and corporate governance; little or no training of owners, shareholders, and the next generation of company leaders; and inefficient wealth management and asset allocation.
Wharton, in collaboration with the Family Business and Office School, has designed a three-day executive education program in Miami to meet the unique challenges of ultra–high net worth clientele.
Wharton faculty — led by Christopher Geczy, PhD, an expert on investment management — apply their field-based research and strategic insights on the latest trends in family investment. Emphasizing the importance of investment knowledge and leadership acumen, this program presents a strong foundation in the tools to evaluate investments and allocate assets, including various alternative investment options. You will also discuss a variety of options for growth, including alliances, acquisitions, and internal corporate ventures.
Session topics include:
- The Total Family Balance Sheet
- Modern Portfolio Theory
- Performance Measurement and Manager Evaluation
- The Art and Implications of Asset Allocation
- Chart-Centric Influence
- Understanding Your Clients’ Communication Styles
- Alternatives to Real Assets
- Trends in Impact Financing
Through highly interactive lectures, exercises, and a software simulation, you will elevate your value as an investment advisor and family office leader, while showing your clients how to optimize portfolios. Both in the classroom and in smaller work groups, this deep dive into family investment leadership will examine what family office leaders, family members, and investment advisors need to manage current and future wealth and ensure that the assets of their family businesses continue to grow.
Overall, you will:
- Gain insight on coordinating all elements of family wealth when considering other family investment opportunities
- Learn how to optimize financial portfolios so they perform well, taking into account the risks of stocks and bonds and the benefits of diversification
- Understand the effects of economic and financial crises and international trends in the practical application of asset allocation
- Communicate more effectively to accelerate your work advancement while improving how you connect with family members and decision makers
- Uncover the personal sources of power and influence that enable you to effectively and ethically accomplish your client's goals