Karen and Stacey share their perspectives on how the investment needs, preferences, and expectations of families and family offices have evolved over the years. Drawing on decades of experience advising ultra-high-net-worth families, they discuss the growing complexity of the investment function and the increasingly sophisticated approaches families are taking to achieve their objectives.
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“I think what’s really interesting is that the decision isn’t really a decision about outsourcing the decision-making. It’s really a decision about how you partner together. Most OCIO relationships, at least the best ones, are actually really collaborative. The family is still in control.”
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“Not only is the investment environment dynamic and changing, but families are dynamic and changing. And we want to be there partnering with our families through that process.”
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“The family is still in control. They are the ones who are setting the objectives, the goals, the priorities, the overall direction—all of those things. But their OCIO partner is helping them execute the day-to-day parts of the strategy. They’re providing the resources and bringing those best practices to the table to help them meet their goals.”
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