Kirby Rosplock, PhD has set out to demystify the information that
surrounds ultra-high-net worth (UHNW) individuals and the family office,
a dedicated business to manage an individual’s or family’s wealth, with
the first holistic guide written for families and their advisors. A
well-regarded, research expert in family office and family wealth
matters with numerous published studies on the subject, Dr. Rosplock has
gathered, culled and distilled research from a multitude of sources.
The 432-page book, The
Complete Office Handbook/ A Guide for Affluent Families and the Advisors
Who Serve Them (ISBN: 978-1-118-36730-8) will be released by
Wiley/Bloomberg on January 28, 2014.
The book marries research and personal and professional family office
accounts giving readers an insider-view of the family office. According
to Wealth-X,
a global UHNW intelligence firm, whose research is featured in the book,
there are nearly 200,000 UHNW individuals across the globe with a
combined wealth of US$27.8 trillion, an increase of 6.3 percent, since
2012. “Renowned, wealthy families such as the Carnegies, Rockefellers
and Phipps amassed extraordinary wealth during the Industrial
Revolution, each requiring a family office, and today we see another
surge of wealth creators globally,” notes David Friedman and Mykolas
Rambus, co-founders of Wealth-X. "Especially, as wealth continues to
surge in Asia where the single family office infrastructure is still
maturing, this book offers a comprehensive guide," they added.
Written for today’s layperson, Rosplock has engaged more than 60 family
office experts, professionals and families with family offices around
the globe in her research. The book presents for the first time current,
real-life cases and examples and highlights key family office
information and research from institutions and leading family office
professional organizations in an accessible form.
Some of the subject matter and trends reviewed in Rosplock’s book
include:
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Typical pathways to a family office and different family office
archetypes
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Structural, legal, compliance and regulatory issues of the family
office and implications of Dodd-Frank
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The investment management approach, weighing the family’s lifestyle
and legacy objectives and how a family office is a different “animal”
to its institutional counterparts
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Operations and information technology needs of the family office and
assessing size, scale, cost, and complexity issues
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Talent management in the family office and research into
compensations, incentives, performance management, recruitment, and
retention
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Charitable giving, philanthropy, and legacy and keys to building
bridges across generations
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Next generation of the family and avoiding entitlement issues of
“wonder, blunder, dunder” through education and mentoring
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Differences among men and when it comes to wealth transfer and legacy
intentions
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Family entrepreneurship and family banks
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Globalization of the family office
“Now families have a one-stop, comprehensive resource for many of their
family office questions,” said Rosplock. “The family business is one
significant contributor to family wealth creation globally with 64
percent of the U.S. gross domestic product and 45 percent in Canada
generated by family businesses, and much of this wealth may require a
family office at some point,” added Rosplock, who collaborates with
leading experts in disciplines such as including tax, legal, compliance,
operations, IT, governance, entrepreneurship and family banks.
Wiley
Melissa Torra, 201-748-6834
Publicist
mtorra@wiley.com