News

Kirby Rosplock Interviewed on Daughters In Charge Podcast

Kirby Rosplock, author of The Complete Family Office Handbook, was recently interviewed by Amy Katz on the Daughters in Charge Podcast Series. The podcast explores the family office landscape, and discusses what a family office and how to know when one is right for affluent families.

To listen to the full podcast, click here.

"Family Offices: Five C Trends" by Kirby Rosplock and Barbara Hauser Published on Wealth-X

The whitepaper "Family Offices: Five C Trends", coauthored by Kirby Rosplock and Barbara Hauser, was recently published on Wealth-X. The paper discusses current trends in the family office realm after the fall-out from the global financial crisis, and how wealth is changing and evolving. These trends include, creation of more family offices, consolidation of older SFOs, confusion in the industry, certification desires and cross-country alliances.

About Wealth-X

From their website: "Wealth-X is the global authority on wealth intelligence, providing sales, marketing, strategy and compliance solutions to clients in the financial services, luxury, not-for-profit and education sectors. Our members identify, develop and enhance relationships with high net worth and ultra-affluent individuals as a direct result of working with Wealth-X. Our award-winning research and thought leadership are regularly cited by the world’s media such as CNBC, Financial Times, Thomson Reuters and BBC."

To read the full piece, click here.

Kirby Rosplock Shortlisted for the Family Wealth Report Awards 2015

Kirby Rosplock of Tamarind Partners has been shortlisted for the Family Wealth Report Awards in the category of Outstanding Contribution to Wealth Management Thought Leadership. 

Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to recognise companies, teams and individuals which the prestigious panel of judges deemed to have ‘demonstrated innovation and excellence during 2014’.  

Commenting on her shortlisting, Kirby Rosplock, said: "I am delighted to have been shortlisted for this prestigious award. It is a great honour to be recognised for outstanding thought leadership and this is testament to hard work over the last 12 months.  

For full press release  Press-Release-Family-Wealth-Report-Awards-Shortlist.pdf

The Tricky Balance of Marketing to the Affluent

The rich spend money very differently than the rest of us — or so we mere mortals with middle-class and lower-tiered bank balances imagine. Most of us don't have the first-hand shopping experience of rubbing luxury-garbed shoulders with the sumptuously perfumed rich.

“You don’t really typically see movie stars walking into the grocery store to pick up milk. They have a handler, they have a housekeeper,” says Kirby Rosplock, author of “The Complete Family Office Handbook,” and a fourth-generation member of a family business.

Rosplock, whom it might be accurate to categorize as wealthy, says, “I guess it depends on who’s categorizing me, because I’m not wealthy compared to a Warren Buffett or Carl Icahn.”

To listen to the full interview click here.

Handbook of Research on Entrepreneurs’ Engagement in Philanthropy

Little academic research exists on the juncture of entrepreneurship and philanthropy. A just-released Kauffman-funded book, Handbook of Research on Entrepreneurs’ Engagement in Philanthropy, explores how and why successful entrepreneurs become engaged in philanthropy. Available in hardcopy and ebook, the book includes a compilation of essays by 31 academics and experts who offer an understanding of entrepreneurs in their for-profit world and an understanding of the world of philanthropy. The essays address the motivations that drive entrepreneurs and philanthropists, and the social and political environments that are conducive to their success.

For full press release PhilanthropyBook-Release-FINAL.docx

Opal's Family Office Forum Tackles Tough Questions

Opal Financial Group hosts their 8th annual Family Office and Private Wealth Management Forum July 21-23, convening top-tier family offices, investment advisors and product providers from around the world.  Kirby Rosplock, PhD, Founder and CEO of Tamarind Partners and author of, The Complete Family Office Handbook/ A Guide for Affluent Families and the Advisors Who Serve Them, released by Wiley/Bloomberg in January 2014, will moderate a panel on “Family Office Governance and Succession Strategies” with leading family office panelists:

Barbara Hauser, Global Family Advisor, Barbara R. Hauser LLC

Doug Hood, Founder of Impactful Family Conversations

Elaine King, Director of Family Governance and Education at WE Family Office

Rhona Vogel, CEO and Founder of Vogel Consulting

The panel will discuss the importance of governance practices as well as share examples of succession strategies by explaining why both pieces are needed to ensure the longevity of a family’s wealth.  

For full press release: Opal-Governance-Panel-Release-7-9-14.docx

Kirby's Co-Author from Withers Bergman Reveals Research on the New Meaning of Wealth

New research by international law firm Withers Bergman, drawing directly on interviews with high net worth families, has revealed a fundamental re-evaluation of the purposes of wealth and family businesses.  In the words of one American interviewee, as they assessed their wealth, “Success is about the joy of being able to contribute to society and finding a theme to support that is worthwhile.”

The report examines the changing dynamics of family wealth between generations in Asia, Europe and the U.S. While the desire to give wealth a purpose exists across cultures and generations, the research demonstrates that this is currently most evident and active in the U.S.

For press release click here. WB-Wealth-Research-Press-Release.doc

For research report click here. Withers-The-Meaning-of-Wealth-in-the-21st-Century.pdf

Private Wealth Focus Interview

Kirby Rosplock, author of the new book The Complete Family Office Handbook: A Guide for Affluent Families and the Advisors Who Serve Them, and contributing author Mark Tice spoke with PWF about how the book aims to guide the industry through the maze of regulatory issues, fraud protection and the ever-present succession planning dilemma that families face. 

Rosplock, founder of the family advisory firm Tamarind Partners, was inspired to write the book after working on a research project and witnessing the huge gaps in knowledge and functioning systems between family offices. She invited five Withers Bergman attorneys to join as contributors on additional areas of the family office niche. Rosplock found that many families lacked cohesive guidelines on how to set up and function. “My research affirmed how fragmented this space is and the need to continually bring resources and thinking together. A lot of the language has become co-opted,” Rosplock explained.  

Click Here for link to full piece.

Financial Advisor Magazine

The Family Office Revealed

The other day I read in a column in Forbes by Kelly Phillips Erb that a Pennsylvania widow lost her home because she overlooked the $6.30 interest on a tax penalty in 2008. By 2011, the interest had grown to $255.84. The bank seized her home and sold it at a sheriff’s sale for $120,000. The new owner offered to sell it back to her for $260,000.

What did I think when reading it? “If only she had a financial planner, the house would have been saved!” OK. I’m jumping the gun. She is not rich and probably could not afford a financial planner. But arcane financial details stymie the rich as well as the rest of us, and the rich can pay for help. Where to go?

Click Here for full article.

Kirby to Speak at NYC's Financial Research Association Conference

Jupiter, Fla - May 22, 2014 Traveling worldwide in 2014 on her quest to educate and demystify the concept of the family office, researcher and wealth advisor Kirby Rosplock has gained the attention of experienced financial advisors as well as new creators of wealth in the U.S., Asia and throughout the world.

Within 60 days of releasing Rosplock's book in late February 2014, The Complete Office Handbook - A Guide for Affluent Families and the Advisors Who Serve Them, Wiley/Bloomberg announced a second printing of her book in time for the June 5-6th Financial Research Association's New York conference "Sustainable Family Office Operations and Management" at the Princeton Club.

For full press release  Author-Kirby-Rosplock-FRA-Speaker.pdf

marcus evans Elite Summit 2014

The family office can protect a wealthy family from numerous risks, and one of the most critical tasks for a family office is to create a baseline of information about who the family is, what it owns and what it wishes to do with the wealth, says Kirby Rosplock, author of The Complete Family Office Handbook.

A speaker at the marcus evans Elite Summit 2014, taking place in Montreux, Switzerland, 16-18 June, Rosplock explains what inspired her to write the book based on her own family going through a significant liquidity event, and her ten years as director of research and development with a prominent US-based multi-family office. Rosplock wished there was a guide to help her family and others to navigate through major wealth transitions. The handbook was born out of the very pure place of identifying a gap in the literature, the need for a comprehensive layperson guide that was accessible to the family and its advisors, that aggregated key components of how family offices really operate, she elaborates.

Click Here for full interview.

The FOR Centerfold: Ms. May

Where do you live? Where were you raised? Where would you live if you could live anywhere?

I grew up in a suburb of Pittsburgh, yet went away for boarding school to CT, college in VT and then spent time living in Austria and Germany after college. I returned to the States to be with family in Wisconsin. Now I live in sunny FL and realize why people suffer from seasonal depression in colder, darker climates! Life is good in FL, so at present we are content living right here, but may get called to the mountains out west in a few years… I love to ski, hike and be outdoors.

Click Here for full interview.

Barron's Interview

Family Offices for Dummies

Kirby Rosplock is intimately familiar with the issues debated in her recently published book The Complete Family Office Handbook. The 39-year old from Jupiter, Florida not only served as director of research at GenSpring Family Offices for a better part of a decade, but was also client material, when, in 2007, her fourth generation timber family that owns Babcock Lumber separately sold 92,000 acres of Florida ranch land.

Click Here for full article.

Journal of Wealth Management Book Review on The Complete Family Office Handbook

The Complete Family Office Handbook (Wily/Bloomberg Press), a new book by Kirby Rosplock, should be on the desk of anyone who has reason to understand how a family office works. Written by an individual who has served in the industry and represents a family who has received services from it, the book is meant to cover all the various facets that the wealthy or those who serve them should know. Rosplock covers a wide variety of topics and has enlisted a number of experts to write or co-write five of the 15 chapters; the book can thus fairly be represented as a reference text for anyone in or working with the wealth-management industry.

For complete book review, click here: JOWM-The-Complete-Family-Office-Book-Review.pdf

Ivy Family Office Network Miami Conference

Dr. Kirby Rosplock, author of The Complete Family Office Handbook – A Guide for Affluent Families and the Advisors Who Serve Them, published by Wiley/Bloomberg, January of 2014, will be a featured speaker at the Ivy Family Office Network conference, Thursday, March 20th at the Hyatt Regency in Miami. This event is oriented towards persons in the Family Office industry working primarily for single family offices, Ultra High Net Worth Individuals as well as multi-family offices.

Click Here for full press release.

Withers Bergman Hosts Kirby Rosplock for Launch of Family Office Handbook

The international law firm Withers Bergman will host family wealth research expert Dr. Kirby Rosplock for a launch event of her new book, “The Complete Family Office Handbook: A Guide for Affluent Families and the Advisors Who Serve Them.” The book launch party and cocktail reception will be held at The Harvard Club of New York City (35 W. 44th Street) on Tuesday, March 11 from 6:00 - 8:00 p.m.

Click-Here-for-Full-Press-Release.pdf

Digital Journal Post

Digital Journal, a global digital media network, posted news about Kirby's new book to thousands of members and content creators in 200 countries around the world. 

Click here for full article.

A Look Inside the Family Office: A Preview of The Complete Family Office Handbook

Click here for full audio.

New Book by Kirby Rosplock, PhD

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...

Click here for full press release.

Most wealth books are written for managers and contain lots of details but no sense of the daily life and concerns of the people who are to be served. This Handbook is one of a kind—written for real concerned and want-to-know people. The book starts not with concepts but with concerns and offers clear ideas about what to do, laced with details about real families managing the dilemmas of great wealth and an expanding family. There are few such families, but this handbook is for every family member of such families.

DENNIS T. JAFFE, PhD
Professor of Organizational Systems and Psychology,
Saybrook University

Kirby Rosplock's "The Complete Direct Investing Handbook" is a must read for anyone interested in direct investing. With key insights reinforced by practical case studies from noted experts in the field, this is an essential guide for current and potential direct investors.

Joanne Pace
Former Managing Director and Chief Operating Officer,
Morgan Stanley Investment Management

The world’s best and brightest family offices are devoting ever more capital to direct investing. Now is the critical time for advisors, CIOs, and family members to share a common understanding on how to source, screen, diligence, structure, monitor, and harvest direct investments. Dr. Rosplock’s handbook provides the roadmap.

Brian Smiga
Partner & Co-founder,
Alpha Venture Partners

The Complete Family Office Handbook is an important resource on the opaque world of the single family office. Comprehensive and easy to read, the book incorporates the views of many thought leaders on diverse topics from the importance of a family office vision to the current legal and compliance standards for the single family office. Those who are new to family offices and those of us who have worked in the field for decades will use it as a valuable reference for issues and ideas.

KATHRYN M. McCARTHY
Director,
The Rockefeller Trust Company, N.A. and an independent advisor to families and family offices

The Complete Directing Investing Handbook is a wonderful and really the education needed in the family office world. I think we seek out direct investing to diversify risk while enhancing overall returns. However, with direct investing comes the challenges with sourcing the deals, screening the deals and doing proper due diligence, structuring the deals and then monitoring these investments. Your book touched upon all these areas will great educational direction for families to easily understand and use in their offices. The book also touched upon other areas such as millennial perspective and international regard which I felt was extremely helpful. I found the book very comprehensive, informative and a very useful source for our family office.

JULIO GONZALEZ
CEO,
Julio Gonzalez – Single Family Office

The Complete Family Office Handbook captures the essence of today’s family office and paves the way to best practice for every family and advisor entrusted with sustaining generational wealth. Kirby has written what is sure to be an industry classic.

SARA HAMILTON
Founder and CEO,
Family Office Exchange

Kirby Rosplock dedicated a year of her life to writing this book and it shows. This is the must-have book for anyone dealing with high levels of wealth—it will support wealth holders as well as wealth advisors and service providers in creating the most efficient structure possible for handling and preserving a high net worth person or family’s financial and human assets. Rosplock and her collaborators clearly demonstrate their command of the subject and why they are globally known to be at the top of this industry.

STEFFI CLAIDEN
Founder/CEO,
Family Office Review/Family Office Capital Network

Kirby Rosplock expertly captures the complexities of the practical and emotional choices that affluent families and their advisors face.

SUSAN REMMER RYZEWIC
President and CEO,
EHR Investments, Inc.

There are many good books and articles about private investing in general but few that tackle the topic from the unique lens of the family office. Family offices have advantages and constraints relative to other institutional investors. They need to be understood. Kirby Rosplock’s book should be read by both family members and professional managers to better understand how to craft and advance a direct investment program.

Sam Altman
President,
Joddes Limited
Montreal, Canada

The family office space has long needed a comprehensive introduction to direct investing for non-specialists—which it now has thanks to Rosplock and her co-authors. A great place to start.

Grant Kettering
5th Generation Member of Kettering Family,

Once again Dr. Rosplock gets it right! In my experience, few have the insiders knowledge that comes shining through in this book. Not only was it helpful, it was a pleasure to read.

Wendy L Craft
COO,
Favara, LLC (SFO)
New York, NYC

Kirby Rosplock has written an extraordinarily comprehensive 'owner's manual' for family offices already, or seriously contemplating, investing directly in illiquid private markets. The book cogently sets forth not only the 'why' behind these families' desire to get closer to the source of private market returns, but importantly the 'how' to go about identifying, diligencing and structuring direct investments. Given the fast growing proportion of family office capital in direct private deals, this book's insights are exceptionally timely.

Tom Mahoney
Senior Managing Director,
Tangent Capital Partners

Dr. Kirby Rosplock has created an indispensable resource for family offices seeking to invest in private equity. She explains how to analyze winners and avoid the pitfalls, and discusses the extensive due diligence required even after initial investment. This is the conclusive guide to direct investing, which provides investors with the information necessary to ascertain how to proceed. Rosplock has written the essential manual for what will be a major investment trend for family offices in the years to come. 

Howard Cooper
Private Investor,

In The Complete Direct Investing Handbook Dr. Rosplock and her contributing authors impart a wealth of global family office and investment expertise designed to educate affluent families and their professional advisors regarding the nuances of direct investing. This well researched new resource will prove to be an invaluable tool in navigating the rapidly growing field of direct investments.

Thomas J. Handler, Esq.
Chairman, Advanced Planning & Family Office Practice,
Handler Thayer, LLP

Kirby blends leading industry research, real world case examples and best practices to architect the first book to comprehensively outline the infrastructure, costs and considerations for building and sustaining a world class family office. My hat is off to her.

JOHN BENEVIDES
President,
CTC Consulting | Harris myCFO