Over generations, families get bigger and become more dispersed. Different values take shape across the family, as well. With greater diversity and varying communication styles, keeping up with family members can be as challenging as it is bringing everyone together. Which is why the sharing of information and keeping everyone connected quickly and securely is so important. Even with today’s greater connectivity, there are a number of issues family business must deal with:
Driven by safe, highly secure and easy-to-use technology, our proprietary, online platform is a powerful tool that keeps your family members connected. Anywhere, anytime. It allows for the sharing of family news, videos, documents and links, as well as the storage of family history and archives. Plus, the ability to send secure messages and organize meetings, events and gatherings. All on your desktop, laptop, mobile phone or tablet.
By fully assessing communication needs and evaluating existing practices, we will tailor a specific strategy that best meets your family’s goals. Together, we can address such issues as who will be in charge of family communication; as well as pinpoint how, when, where and with whom your family should communicate. We then implement solutions that connect and align everyone in the family, together.
For a family communications assessment or to learn more about our services, click below.
In growing business families, the role of the family board is nothing short of vital. Along with the need for regular communication with shareholders, activities linked to family boards include recruiting and bringing in and training new board members. Also, scheduling, organising and managing board meetings; taking meeting minutes; recording and archiving key outputs or decisions; and keeping non-executive board members well informed.
“With each passing year, information management becomes more difficult.”
As family businesses grow from one generation to the next, they take on more family members, decision-makers and shareholders. All of which results in a larger group of people with different backgrounds and interests. Some are very active in the family business, but many are not and will not become so. The business dynamics within the family become more complex, as well, where communication styles differ and not everyone has similar understandings of the business. Planning for succession, and educating the family so that everyone is aligned, can be a big challenge.
We can help your family plan and educate for succession. We also can help you achieve your business family objectives by understanding and making the best use of your own organizational knowledge.
In short, we manage the entire education process, helping you and your family clarify goals, develop the best possible education plan, select from the various different educational resources we make available, and review the progress made.
For families with already well-developed education goals and requirements, our in-house expertise and external advisor network enables us to deliver on an on-going, regular basis, a series of workshops on a variety of topics. These include Wealth Management, Communications, Impact Investing, Business Family Governance, and Family Constitution.
To learn more about our services for Education and Knowledge Management, click below.
The amount of confidential or supporting paperwork generated and managed by business families, especially multi-generational ones, can be overwhelming. With family members and shareholders more geographically dispersed, and sophisticated cyber attacks on popular technology, software services and websites on the rise, the need for structure, organization and security with documentation is critical.
With our online Document Management System, your family business can now protect and securely organize vital information and documentation. Our technology is highly secure and has the following key security features:
Plus, we offer advisory and other protective service solutions:
We conduct on-going workshops and provide videos that identify potential security problems and educate family members on how to be safe and act more safely online.
We run audits that produce gap analysis and provide recommendations to enhance security within the family.
Outsourced Security Expertise:
We provide consultancy services for existing security officers, to help make them more successful in their role.
We can take over the security officer role in the family, in either a part-time or full-time capacity.
To learn more about our services for Information Security for business families and family offices, click below.
As family offices get bigger and as the business families they work with grow and take on more clients, there is much more to do, more to manage and more responsibility. The greater number of clients, in turn, puts a larger focus on the family office’s need for more organized, controlled communication and information management. A key challenge, therefore, is equipping the family office to accommodate this and even more growth.
"As families grow, so does the need for better information management."
Using our highly secure, online communication platform technology, family offices can manage their clients more reliably. Moreover, our advisory-based service solutions, including enhanced governance implementation support and processes, enable business families to use our platform to full potential.
Our technology allows family offices to segregate their clients on a single platform and provide secure document sharing and messaging to clients through a simple interface. Through our network of global advisors available to both family office managers and their clients, we also offer a library of family best practices.
To learn more about our services for Family Offices, click below.
Many family businesses have built a tremendous wealth and legacy. In the years to come, however, a major transformation will occur, as baby boomers hand over to the next generation. This new generation strongly believes that sustainability goals and business objectives should not be juxtaposed, and that creating societal and environmental impact and making a profit are aligned. Families and their businesses, with their often long-term perspective, are in a perfect position to make this happen.
With an impressive track record of assisting major business families around the world, Trusted Family is well-placed to foster this thinking. More than helping to smoothen the transition from one generation to the next, we rejuvenate the early thinking of many founding fathers, who saw that building successful businesses required building successful societies. Such rejuvenation can be a major force to reinforce legacy all while preserving wealth.
Through our Social Impact advisory service, business families can learn tools and techniques to educate and engage younger generations on the subject of wealth creation. Also, how to fund their passions, develop fundable ideas with a business plan, and properly execute on them. We can also work with you to share your passions, be they charitable, philanthropic or community activities, with other family members.
Our services are backed by our secure, online communications platform, which can be used to foster idea sharing, drive collaboration and build cohesion. The platform enables participants to connect in a shared project, gain advice from mentors and even rate projects for funding. It lets you view what other family members are doing with their projects, and see how you can get involved.
Click here for our upcoming Societal Impact workshops in 2016.
To start a conversation about societal impact strategies in your family, click below.