Conference Day One

The makeup and use of family office structures continues to evolve, responding to the ever-changing dynamics of wealth management, preservation, and family governance. In this opening session, you’ll be presented with a current “state of the market,” highlighting trends, statistics, and a road map for the coming year.

Thomas Livergood, CEO, FAMILY WEALTH ALLIANCE

Robert Frank is a senior special writer at The Wall Street Journal, where he writes a weekly column and daily blog called The Wealth Report. He has been with The Journal for 14 years, with postings in Atlanta, London, Singapore and New York. He is the author of “Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich,” which was a New York Times Bestseller and is being published in 13 countries. He lives in New York with his wife and daughter.

Robert Frank, Senior Special Writer, THE WALL STREET JOURNAL

With the national election season in full swing, prospective changes to the tax code are clearly on the radar screen of presidential candidates, tax accountants and attorneys, and the high net worth individuals and families who could be affected by changes in the tax code. You’ll hear the latest proposed updates and changes to the IRC, how they will impact you and your family, and strategies for planning for any potential changes. You’ll also hear insight on what changes might be implemented depending upon the outcome of the national elections.

Mark Blumenthal, Partner, BLACKMAN KALLICK

With significant uncertainty over the future direction of many economic indicators, including the public equity markets, job growth, oil prices and the housing market, investors must have a solid, diversified strategy to weather any market instability and ensure their wealth preservation and growth plans remain on track. In this session, you’ll hear how a global asset allocation strategy modeled on the techniques used by endowments such as Harvard and Yale can be customized to work for family office-based investors. Representatives from family offices which have successfully utilized these tactics will discuss their investment goals, the criteria they used to determine their strategy, and the results they achieved by utilizing an “outsourced” CIO.

John Bailey, Founder and CEO, SPRUCE PRIVATE INVESTORS

Family Office Speaker To Be Announced

Based on derivative instruments, structured products are designed to not only protect the principal investment, but can be used to provide several other benefits to HNW investors, including reducing risk, improving tax efficiency, mitigating volatility, and improving overall returns. In this session, you’ll hear from family office representatives, who will discuss the ways they’ve deployed structured products to both shield their assets from volatility and improve the performance of their investments.

Joe Moran, Director, DWS SCUDDER/DEUTSCHE ASSET MANAGEMENT

Ram Rao, Director and Head of Fund Derivatives Sales (Americas), BARCLAYS CAPITAL

Family Office Speaker To Be Announced

SPONSORED BY Morgan Stanley

With the public equity markets in flux, a weakened debt market, and uncertainty surrounding the general elections in 2008, CIOs must pay particular attention to manager selection, asset allocation, and overall investment strategy to ensure their financial goals are met. In this session, you’ll hear discussion from providers and families on the asset classes they’re favoring, steps for conducting appropriate manager selection due diligence, and methods for analyzing and reallocating your portfolio to withstand market fluctuations.

• Analyzing asset classes, and which ones are most appropriate for the HNW investor
• Proper due diligence questions to ask
• Understanding the impact of the credit market correction and its impact on derivative instruments
• Methods for mating investment strategy to the proper manager
• Tips for selling large blocks of stock effectively and efficiently
• Utilizing transition management to reduce costs when switching managers
• Strategies for testing your portfolio

Steve Braverman, Family Member and President, HARRIS MYCFO

Russell Deakin, Family Member and Partner, CRP

With a complete family office infrastructure and stellar staff in place, taking on other families to co-invest to spread around costs seems like a natural next step. In this session, you’ll hear details on issues that must be considered before expanding the family office. You’ll also hear strategies for managing large, multigenerational and multinational families effectively, selecting staff, and steps for scaling your organization seamlessly and cost-effectively.

Linda Mack, MACK INTERNATIONAL

Teddie Ussery, FAMILY OFFICE MATTERS

Brenda B. Sallstrom, CIO and Managing Director, CHERRY TREE FAMILY OFFICE

The creation of a family office consists of many decisions that will directly impact the effectiveness, efficiency, and role it plays in the lives of the family. In this session, you’ll hear:

• The most common legal structures used to create a single family office, and the advantages and disadvantages of each
• Methods for assessing your staffing needs, their roles, and defining their respective responsibilities
• Deconstructing the merits of open architecture vs. in-house platforms, and criteria to use when evaluating which platform best suits your family’s needs
• Best practices for deciding on the operational model of your office, and setting bylaws and rules
• Strategies for determining core competencies, and identifying areas in which outsourcing makes sense
• Understanding and managing the costs involved in setting up and running an office

Rhona Vogel, Founder VOGEL CONSULTING

Rona S. Fingold, M.S.W, J.D., LL.M LEXINGTON FAMILY OFFICE SERVICES (MFO)

For affluent families, traditional group life insurance is often inadequate for HNW individuals, as they have vastly different requirements, risk tolerances, and goals. In this session, you’ll hear how life insurance can go beyond “insurance,” and learn how to make life insurance an integral part of your financial planning.

• Clarifying types, costs and designs of insurance products
• Identifying, managing and controlling the elements of risk
• Creating a customized insurance solution to meet your needs, rather than buying an off-the-shelf solution
• Quantifying insurance’s emerging role as an asset class

Michael J. Brink, CLU, AEP, Executive Vice President, NEASE LAGANA EDEN & CULLEY, INC.

Building a successful art collection requires not only extensive skills in evaluating artistic quality and the authenticity of the piece to be acquired but also a clear understanding of the drivers and unique features of the art market. Moreover, collectors acting as investors must take into account future economic and social developments, modern portfolio theory, and considerations such as liquidity, transparency and overall market access.

In this session you will hear insights into:

• Deconstructing the risk/reward profile of art and identifying the opportunities for generating risk-adjusted appreciation.
• Understanding the drivers of the art market, how to manage illiquidity, lack of transparency, transaction costs, and difference in expertise among art dealers and collectors.
• Methods for accurately analyzing and predicting pricing trends, and understanding correlations with other market factors.
• Thoughts on market segmentation, consultants, and sources of additional information.
• Insights from over 400 artist studio visits.

Randy Slifka, Family Member and Art Collector, and Managing Principal, ALTERNATIVE INVESTMENT ADVISORS

As with any business, benchmarking is an essential process that can be used to demonstrate your value to family members and other stakeholders. Additionally, proper benchmarking ensures the efficient management of resources, quality control, and cost management. In this session, you’ll hear from family office executives who have streamlined and fine-tuned their offerings to be profitable while maintaining the highest possible levels of service to the family.

Joe Calabrese, President, HARRIS MYCFO

For families of means, a family mission statement or family constitution can be a valuable tool for helping families to define their family’s guiding principles and values for both current and future generations. In this session, you’ll hear family office executives, advisors, and family members discuss:

• Strategies for defining the purpose of a mission statement
• Examples of various structures and how they’ve been deployed
• The advantages and disadvantages of defining specific goals and objectives for the family
• Methods for working with advisors to develop a mission statement, and understanding the costs and fees for this service
• Determining methods for enforcement, or updating the mission statement
• Specific case studies on the adverse effects of not utilizing family mission statements

Mark A. Casella, CEO and Chairman, COPPERTREE LTD. (FO)

Katie Kinsey, President and Partner, COPPERTREE LTD. (FO)

Serving on the Board of Directors can be a prestigious and fulfilling responsibility, whether on a public or private corporation, a charitable foundation, or an endowment. However, the rewards of serving on these Boards must be tempered with a strategic approach for understanding the inherent personal liabilities and risks associated with accepting these positions, and methods for securing the right kinds of insurance for the Director and his or her assets. In this session, you’ll hear insight into the kinds of liabilities that arise, and methods for properly structuring and accepting a position on the Board.

Jim Kane, President, HUB INTERNATIONAL PERSONAL INSURANCE

Thomas J. Handler, J.D., P.C., Partner, HANDLER, THAYER & DUGGAN

• Conducting a needs assessment based on your office’s structure, strengths, capabilities, and weaknesses, including human capital concerns
• Understanding the latest tools available on the market to help streamline your office’s reporting, accounting, tax, and planning processes
• Strategies for migrating from one vendor to another seamlessly and cost effectively
• Understanding how to aggregate accounts to simplify and streamline reporting and analysis aggregation
• Determining when family offices must register as financial advisors with the SEC

Dan Berg, SVP & Chief Technology Officer, ROCKIT SOLUTIONS

Martin Sullivan, SVP, Wealth Services, STATE STREET CORPORATION

For Family Members and Single Family Offices

For many families of distinction, their first encounter with the media occurs during a crisis or situation, making it difficult to ensure you and your family are treated fairly. In this session, you’ll hear the ins and outs of how news is gathered, reported and written. You’ll also learn how to control your messaging, get quoted in articles, and manage unsolicited inquiries, presented by a former journalist.

Attend this session to hear the answers to these questions and more:

• I was on the phone with that guy for 2 hours, why wasn’t I quoted?
• Why are the same experts always in theWall Street Journal?
• I thought that I was “off the record”…
• How can I be a better media source?
• Why amI always misquoted?
• What does the media want?
• Why should I call this reporter back?
• How does a newsroomwork?
• Isn’t “no comment” the best way to deal with the inquiries?

Maura Devine, Media Trainer, DEVINE PR

For MFO Executives and Advisors

For advisors and others serving wealthy families, a clear understanding of the role of the press, the impact of messaging and communications with others about their families, and the importance of learning how to deal with media inquiries cannot be overstated, given today’s extremely intense information—driven society. In this session, you’ll hear from a former journalist turned media trainer discuss strategies and tactics for:

• Understanding the current media landscape and the common pitfalls people encounter during interviews
• Controlling and getting the most out of press interviews
• Managing messaging and vulnerabilities when discussing a family member or his or her wealth, legacy, philanthropy, and family status
• Deconstructing the importance of delivering consistent messages, and techniques for ensuring consistency

Attendees will have the opportunity to ask Q&A, and will leave with best practice ideas to take back to their offices.

Christine Woolsey, Senior Vice President, HILL & KNOWLTON

RELAX AND CONNECT WITH YOUR PEERS AT OUR OPENING WELCOME RECEPTION

Are you a card shark?

Participate in our Texas Hold’Em Charity Poker Tournament, sponsored by Deutsche Asset Management

Dinner and drinks will be served, and all registration fees will be donated to the Off the Street Club.

The Off the Street Club (www.otsc.org) is Chicago’s oldest Boys and Girls Club, serving the children of the city’s most dangerous neighborhood, the West Side. Since its inception in 1900, the Club has been supported mainly by the generous members of Chicago’s advertising community.With no government funding, the Club relies on the willing spirits, able bodies, and open wallets of people who know that it is a short trip from poverty to prosperity if children are reached at an early age.Over 3,000 children call the Off the Street Club “home” each year. Eligible to join at four years old, many kids spend the next 14 years of their life in the hallowed halls of 25 North Karlov Avenue, leaving only to go on to college or join the work force.