Wharton Family Office Program: Balancing Family Harmony and Financial Prosperity

Program Experience

Highlights and Key Outcomes

In Wharton Family Office Program: Balancing Family Harmony and Financial Prosperity, you will:

• Learn about family wealth management in the context of a family office
• Learn how to sustain family harmony across generations and branches of the family
• Learn how to own and manage the family’s financial assets while considering family members’ unique needs and circumstances
• Discover ways to substantially enhance the governance, management, operations, and performance of your family office
• Find out how a family office can optimally balance multiple generations’ differing investment horizons, risk thresholds, and liquidity needs
• Explore how family members can proactively address potential conflicts and effectively communicate with one another
• Interact with world-class experts in family wealth management at the school renowned for its reputation in finance
• Benefit from sharing knowledge and experiences with other ultra-high-net-worth families attending the program

Experience & Impact

Family office management is a much broader and more complex area than conventional investing. It is critical to make sure your advisor is taking a holistic approach to managing your wealth. Wharton Family Office Program helps you see the big picture while drilling down into the practical issues that will determine the success and security of your family over generations.

This program will boost your knowledge and understanding of key issues in family office wealth management, governance, management, and operations. Participants will explore everything from investment management and estate planning to family interpersonal communications, succession planning, governance, engaging the next generation, and family technology and operations.

You will learn to recognize the ways in which a family office must balance the differential needs and concerns of multi-generational, multi-branch families. Investigate how family members at diverse stages of life may vary in their risk tolerance, investment horizon, and liquidity needs, and how those differences are addressed by family offices in ways that preserve and enhance the family’s wealth while maintaining family unity.

The classroom experience of this program includes breakout sessions, interactive exercises, real-life case studies, talks by prominent guest speakers, receptions, and opportunities to engage with program participants and guest speakers.

Session topics include:

• The Family Wealth Management Process: Balancing Family Harmony with Financial Prosperity
• Global Geopolitical and Economic Outlook: Implications for Capital Markets
• Enabling Family Harmony through Effective Communication
• Managing Difficult Conversations
• Modern Portfolio Theory and Performance Measurement
• Private Equity, Private Credit, and Venture Capital
• Asset Allocation and Portfolio Construction in the Family Office Context
• Hedge Funds and Other Alternative Assets
• Real Estate Investments
• Foundations of Family Enterprise Governance
• Family Philanthropy and Legacy
• Asset Ownership Structures: Trusts in Common Law Countries
• Intergenerational Wealth Transfer
• Preparing the Next Generation for Leadership Roles
• Best Practices in Family Office Management: Nuts and Bolts of Family Office Operations
• Sustaining Family Harmony and Unity: Shared Values, Vision, and Mission

Due to our application review period, applications submitted after 12:00 p.m. ET on Friday for programs beginning the following Monday may not be processed in time to grant admission. Applicants will be contacted by a member of our Client Relations Team to discuss options for future programs and dates.