How to get a Family Office Job

TL;DR

Gain experience in trust estate work, portfolio management, or risk management to increase your chances of getting a family office job.

Transcript

louis richard wilson the CEO of the family offices group the number one family office association i wanted to do a quick video here in paris france obviously on family office jobs and how to get a family office job this is something that comes up often i spoke at a global investor event here yesterday on family offices and it came up on a panel i w... Read More

Key Insights

• 🧑‍💼 Experience in trust estate work, portfolio management, and risk management are crucial for securing a family office job.
• 👀 Pedigree is less important than actual family office experience when looking for a job in this field.
• 🧑‍💼 Multi-family offices are easier to identify and connect with compared to single family offices.
• 🤩 Networking and adding value to others in the industry is a key strategy for getting a family office job.
• 🤠 Family offices often have a small number of employees and expect individuals to wear multiple hats.
• 🧑‍💼 Understanding the bureaucratic decision-making processes and nuances of family offices is important for success.
• ✋ Global investment experience and portfolio management skills are valuable for higher-level roles in family offices.

Questions & Answers

Q: What are the top areas of experience needed for a family office job?

The top areas of experience needed for a family office job are trust estate work, portfolio management, and risk management.

Q: Is global taxation experience helpful for getting a family office job?

Yes, having global taxation experience can be beneficial for securing a family office job, but it is not as important as experience in trust estate work, portfolio management, or risk management.

Q: Is pedigree important when looking for a family office job?

While working for well-known firms like Goldman Sachs can be helpful, it is more important to have experience working within a family office. Pedigreed family office experience or experience in a medium-sized or large single family office is highly valuable.

Q: What is the easiest way to get started and get a family office job?

The easiest way to get started is to network and add value to others in the industry. Multi-family offices are easier to identify than single family offices. Utilizing LinkedIn and Google can help in finding and connecting with family offices.

Summary & Key Takeaways

• Louis Richard Wilson, CEO of the Family Offices Group, discusses the process of finding a job in a family office.

• The top three areas of experience needed for a family office job are trust estate work, portfolio management, and risk management.

• Working for a medium-sized or large single family office is highly valuable experience for securing a job in another family office.