\u00a0<\/h2>\nKey Points:<\/strong><\/em><\/h2>\n <\/p>\n
Outsourcing the Chief Investment Officer (CIO) Role:<\/p>\n
\n- Many families, especially those newly formed after a liquidity event, opt for outsourced CIO models to access top-tier talent and share costs. \u00a0<\/li>\n
- The cost of building an in-house investment team is significant, making outsourcing attractive for families with less than a billion dollars in assets.<\/li>\n
- The OCIO model has challenges, but boutique OCIO models and hybrid approaches with internal investment professionals are gaining traction.<\/li>\n<\/ul>\n
Other Outsourced Services:<\/p>\n
\n- Estate planning and specialized legal counsel are commonly outsourced. \u00a0<\/li>\n
- General counsel roles are increasingly being insourced for initial legal assessments and coordination.<\/li>\n
- The decision to outsource depends on the family’s priorities, budget, and values.<\/li>\n<\/ul>\n
Virtual Family Offices:<\/p>\n
\n- Virtual family offices are becoming more common, especially among next-generation members.<\/li>\n
- They offer cost savings and flexibility, but require a strong “expert generalist” to coordinate external providers.<\/li>\n
- Technology is helping to allow for a more virtual family office. \u00a0<\/li>\n<\/ul>\n
Compensation:<\/p>\n
\n- CIO compensation varies widely based on the role’s scope and complexity.<\/li>\n
- Factors like co-investment and carried interest also influence total compensation.<\/li>\n<\/ul>\n
Next-Generation Involvement:<\/p>\n
\n- Next-generation family members are taking more visible roles in family offices. \u00a0<\/li>\n
- This increased visibility raises security concerns, including cyber threats and physical safety.<\/li>\n
- It is very important to make sure that the values of the family are passed down to the next generation.<\/li>\n<\/ul>\n
Succession Planning:<\/p>\n
\n- Early and frequent communication of family values is crucial for successful wealth and value transfer. \u00a0<\/li>\n
- Creating opportunities for storytelling and shared experiences helps instill family values.<\/li>\n
- The family should have a trusted person, that is only concerned with the families best interest, to over see the family office.<\/li>\n<\/ul>\n
Cyber Security:<\/p>\n
\n- Cyber security is a growing threat to family offices, and should be a high priority.<\/li>\n
- It is very important to have a cyber security plan in place.<\/li>\n<\/ul>\n
[\/et_pb_text][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Mack Intl Logo & About” _builder_version=”4.22.1″ _module_preset=”default” link_option_url=”https:\/\/www.mackinternational.com\/” link_option_url_new_window=”on” global_module=”6483″ global_colors_info=”{}”]<\/p>\n
![\"\"](\"https:\/\/familyenterpriseusa.com\/wp-content\/uploads\/2021\/12\/Mack-International-footer.jpg\" "\\"\\"")
<\/p>\n
About Mack International LLC<\/strong>
Mack International is the premier boutique retained executive search and strategic management\/human capital consulting firm serving national and international clients in the family office, family business enterprise and the wealth management industries on a national and international basis. Founded in 2002, the firm has achieved an exceptional track record of success as evidenced by its unmatched industry expertise, in-depth market knowledge and unparalleled track record of success. Founder and President, Linda C. Mack has established proprietary methodologies such as the Mack 360\u00a9 and is credited for having coined the term \u201cexpert generalist\u201d in the industry.
<\/em><\/p>\n[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\nAs we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n
The need for fact-based reporting of issues important to family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n[\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider disabled_on=”off|off|off” admin_label=”Video Slider Family Business Stories 2″ _builder_version=”4.21.0″ _module_preset=”default” global_module=”6670″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=y9VszpRjVDM” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=03T2VODneEg” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fHIxWaTwK64″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=TI7P07GbNdU&t=27s” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n
\nFamily Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n
\n[\/et_pb_text][et_pb_text disabled_on=”off|off|off” admin_label=”Hash tags & Tags” _builder_version=”4.27.4″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n
#incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #StepUpinBasis #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #incometaxrates #repealestatetax #AdvocatingForFamilyBusinesses #FamilyOwnedBusiness #WomenOwnedBusiness @FamilyEnterpriseUSA #FamilyEnterpriseUSA<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
The webcast discusses the evolving landscape of family offices, particularly regarding talent acquisition, outsourcing, and generational transitions, based on a 2025 talent predictions article. \u00a0 Key Points: Outsourcing the Chief Investment Officer (CIO) Role: Many families, especially those newly formed after a liquidity event, opt for outsourced CIO models to access top-tier talent and […]<\/p>\n","protected":false},"author":2,"featured_media":14402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,93,92,94,16,87,97],"tags":[],"class_list":["post-13830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-policy-and-taxation-group","category-multi-generational-business","category-pat-soldano","category-video-post","category-watch-listen","category-webinars"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13830"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830\/revisions"}],"predecessor-version":[{"id":14403,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830\/revisions\/14403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/14402"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n
Outsourcing the Chief Investment Officer (CIO) Role:<\/p>\n
- \n
- Many families, especially those newly formed after a liquidity event, opt for outsourced CIO models to access top-tier talent and share costs. \u00a0<\/li>\n
- The cost of building an in-house investment team is significant, making outsourcing attractive for families with less than a billion dollars in assets.<\/li>\n
- The OCIO model has challenges, but boutique OCIO models and hybrid approaches with internal investment professionals are gaining traction.<\/li>\n<\/ul>\n
Other Outsourced Services:<\/p>\n
- \n
- Estate planning and specialized legal counsel are commonly outsourced. \u00a0<\/li>\n
- General counsel roles are increasingly being insourced for initial legal assessments and coordination.<\/li>\n
- The decision to outsource depends on the family’s priorities, budget, and values.<\/li>\n<\/ul>\n
Virtual Family Offices:<\/p>\n
- \n
- Virtual family offices are becoming more common, especially among next-generation members.<\/li>\n
- They offer cost savings and flexibility, but require a strong “expert generalist” to coordinate external providers.<\/li>\n
- Technology is helping to allow for a more virtual family office. \u00a0<\/li>\n<\/ul>\n
Compensation:<\/p>\n
- \n
- CIO compensation varies widely based on the role’s scope and complexity.<\/li>\n
- Factors like co-investment and carried interest also influence total compensation.<\/li>\n<\/ul>\n
Next-Generation Involvement:<\/p>\n
- \n
- Next-generation family members are taking more visible roles in family offices. \u00a0<\/li>\n
- This increased visibility raises security concerns, including cyber threats and physical safety.<\/li>\n
- It is very important to make sure that the values of the family are passed down to the next generation.<\/li>\n<\/ul>\n
Succession Planning:<\/p>\n
- \n
- Early and frequent communication of family values is crucial for successful wealth and value transfer. \u00a0<\/li>\n
- Creating opportunities for storytelling and shared experiences helps instill family values.<\/li>\n
- The family should have a trusted person, that is only concerned with the families best interest, to over see the family office.<\/li>\n<\/ul>\n
Cyber Security:<\/p>\n
- \n
- Cyber security is a growing threat to family offices, and should be a high priority.<\/li>\n
- It is very important to have a cyber security plan in place.<\/li>\n<\/ul>\n
[\/et_pb_text][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Mack Intl Logo & About” _builder_version=”4.22.1″ _module_preset=”default” link_option_url=”https:\/\/www.mackinternational.com\/” link_option_url_new_window=”on” global_module=”6483″ global_colors_info=”{}”]<\/p>\n
<\/p>\nAbout Mack International LLC<\/strong>
Mack International is the premier boutique retained executive search and strategic management\/human capital consulting firm serving national and international clients in the family office, family business enterprise and the wealth management industries on a national and international basis. Founded in 2002, the firm has achieved an exceptional track record of success as evidenced by its unmatched industry expertise, in-depth market knowledge and unparalleled track record of success. Founder and President, Linda C. Mack has established proprietary methodologies such as the Mack 360\u00a9 and is credited for having coined the term \u201cexpert generalist\u201d in the industry.
<\/em><\/p>\n[\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n
The need for fact-based reporting of issues important to family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n
[\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider disabled_on=”off|off|off” admin_label=”Video Slider Family Business Stories 2″ _builder_version=”4.21.0″ _module_preset=”default” global_module=”6670″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=y9VszpRjVDM” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=03T2VODneEg” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fHIxWaTwK64″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=TI7P07GbNdU&t=27s” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n
\nFamily Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n
\n[\/et_pb_text][et_pb_text disabled_on=”off|off|off” admin_label=”Hash tags & Tags” _builder_version=”4.27.4″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n
#incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #StepUpinBasis #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #incometaxrates #repealestatetax #AdvocatingForFamilyBusinesses #FamilyOwnedBusiness #WomenOwnedBusiness @FamilyEnterpriseUSA #FamilyEnterpriseUSA<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
The webcast discusses the evolving landscape of family offices, particularly regarding talent acquisition, outsourcing, and generational transitions, based on a 2025 talent predictions article. \u00a0 Key Points: Outsourcing the Chief Investment Officer (CIO) Role: Many families, especially those newly formed after a liquidity event, opt for outsourced CIO models to access top-tier talent and […]<\/p>\n","protected":false},"author":2,"featured_media":14402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,93,92,94,16,87,97],"tags":[],"class_list":["post-13830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-policy-and-taxation-group","category-multi-generational-business","category-pat-soldano","category-video-post","category-watch-listen","category-webinars"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13830"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830\/revisions"}],"predecessor-version":[{"id":14403,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13830\/revisions\/14403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/14402"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}