Time

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Details

Key Takeaways

Day 01 (Module 1- Understanding the Imperative of Wealth and Legacy Preservation)

Instill a sense of urgency and the need for a structured approach to preserving family wealth and legacy.

9.00 – 9.30

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• Sougata Ray, Professor and Executive Director, Thomas Schmidheiny Centre for Family Enterprise,
• Nupur Pavan Bang, Academic Director, Thomas Schmidheiny Centre for Family Enterprise

9.30 – 11.00

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Introduction: The fragility of family wealth – case studies of wealth destruction (e.g., the Astor family).

Transition from fear to action: Encouraging participants to take proactive steps.

Success stories: Families who have preserved and grown their wealth.

Key principles:

Understanding income vs. family wealth, and the unique aspects of managing family wealth.

Generating income through effective wealth management.

• Sougata Ray
•  Nupur Pavan Bang

Awareness of Wealth Fragility: Participants will understand how family wealth can be easily destroyed through mismanagement, illustrated by real-world examples.

Importance of Proactive Management: Participants will be motivated to take proactive steps to safeguard their wealth and legacy, recognizing that inaction can lead to financial decline.

Difference Between Income and Wealth: Participants will learn the crucial distinction between income generation and wealth preservation, understanding that managing wealth involves more than just creating income.

Encouragement from Success Stories: Participants will be inspired by examples of families who have successfully preserved and grown their wealth, reinforcing that systematic and informed management can lead to positive outcomes.

11.00 – 11.15

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Break

Day 01 (Module 2- Wealth Management and Legacy Preservation)

Provide a comprehensive overview of wealth and legacy management

11.15 – 13.00

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Differentiating income and wealth: Multiple opportunities to generate income through wealth management.

Detailed strategies for managing family wealth.

• Sougata Ray, Professor and Executive Director, Thomas Schmidheiny Centre for Family Enterprise
• Nupur Pavan Bang, Academic Director, Thomas Schmidheiny Centre for Family Enterprise

Income vs. Wealth Differentiation: Participants will clearly understand the difference between managing income and managing wealth, recognizing that effective wealth management opens multiple avenues for income generation.

Strategic Wealth Management: Participants will learn specific strategies and best practices for managing family wealth, including investment diversification, risk management, and long-term planning.

13.00 – 14.00

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Lunch

14.00 – 15.30

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Economic and socioemotional wealth (SEW):

Responsibilities of a family office in managing both.

Legacy management: Identity, perpetuating values, and family history.

• Marta Widz, Professor of Practice at SDA Bocconi School of Management, Milan, Italy
  

Understanding Socioemotional Wealth (SEW): Participants will grasp the concept of SEW and its significance, learning how a family office can balance economic goals with the emotional and social dimensions of family wealth.

Comprehensive Legacy Management: Participants will appreciate the broader responsibilities of legacy management, which includes preserving family identity, values, and history alongside economic assets.

15.30 – 16.00

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Break

Day 01 (Module 3- Introduction to Family Office)

Provide a comprehensive overview of wealth and legacy management

16.00 – 17.30

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Structurally these things are done through creating a family office.

Who should create a family office and who should not?

Family Offices: The Cornerstone of Wealth Management

• What is a Family Office?
• Types and Structures of Family Offices- SFOs, MFOs- which is suitable for which family (maturity level)?
• Complete range of services that can be provided by a family office

• Marta Widz

Understanding the concept of family offices.

Knowledge of different family office structures.

Participants will understand how a family office can support the dual goals of economic wealth management and the perpetuation of family legacy and values.

Day 02 (Module 4- Non-Economic Roles)

Highlight the diverse non-economic roles and services provided by a family office

9.15 – 10.30

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Introduction to

SEW

Identity management, succession planning, and family bonding.

Conflict Resolution and Decision-Making

• Sougata Ray
• Nupur Pavan Bang

Familiarity with family governance structures and their implementation.

Techniques for productive family meetings and improved communication.

Conflict resolution skills tailored to family dynamics.

10.30 – 10.45

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Break

10.45 – 11.45

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Family Office in Action: An example

• Marta Widz
  

Case Study

Day 02 (Module 5- Role of different players in the family office)

11.45 – 13.15

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Leveraging Professional Expertise for setting up and managing Family Offices:

• Examples of how specialized expertise can enhance wealth management.  
• Roles and Responsibilities- Family Members, Chief Investment Officer, Administration, Advisors
• Legal and Regulatory Considerations

Panel Discussion:

• Himanshu Kohli, Co-Founder, Client Associates
• Tanvi Savla, Managing Director, Waterfield Financial and Investment Advisors Private Limited
• Sougata Ray

Awareness about hiring professional experts, roles, responsibilities, and legal aspects.

13.15 – 14.15

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Lunch

Day 02 (Module 6- Role- Economic services)

14.15 – 15.45

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Strategies for family’s economic wealth preservation and growth

• Investment management, financial planning, and asset protection.

Panel Discussion:

• Munish Randev, Founder & CEO, CERVIN Family Office & Advisors
• Himadri, Head - Advisory Practice and the Key Clients Group, 360 ONE Wealth
• Nupur Pavan Bang

Strategies for effective wealth management.

15.45 – 16.00

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Break

16.00 – 17.00

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Breakout session- Takeaways from the programme.

Share the applicability of the learnings from the program for your family.

• Sougata Ray
  
• Nupur Pavan Bang

17.00 – 17.30

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Closing session

• Sougata Ray
  
• Nupur Pavan Bang