So how does a firm determine that they are, in fact, qualified to be called a family office? A Multifamily Office (MFO) is a specific type of North American wealth management firm, identified by 1) a certain kind of client base, 2) service menu, 3) delivery model, and 4) level of experience that sets it apart from other types of wealth management firms.

MFOs serve several unrelated private families (as opposed to Single-Family Offices, which serve an originally-related set of households) and together with scale, deliver a family office experience.

We will review the 10 core services which set the standard for Multi Family offices.

Presenter, Tom McCullough

Tom McCullough is co-founder, chairman and CEO of Northwood Family Office. Northwood looks after the integrated wealth needs of ultra high net worth families - including planning, investments, wealth administration, and family dynamics and governance. He is a frequent speaker on issues relevant to families of wealth and is the co-author of three books — Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask, Wealth of Wisdom: Top Practices for Wealthy Families and Their Advisors, and Family Wealth Management: 7 Imperatives for Successful Investing.

He is an adjunct professor and executive-in-residence at the University of Toronto’s Rotman School of Management, a member of the Editorial Board of the Journal of Wealth Management, and a member of the board and faculty of the Ultra High Net Worth Institute. He was awarded ‘Best Individual Contribution to Thought Leadership in the Wealth Management Industry (North America)’ at the 2020 Family Wealth Report Awards. 

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Registration $35 - Recording Available

No charge for Estate Planning Council of Canada Members

Guests are welcome - this event is for Professional Advisors only.

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