Family Office Executive Search Challenge 3

I wanted to explain to you a few family office recruiting challenges. I think that the family office industry is one of the most difficult industries to navigate if you are a career professional, but even more so to find great talent that is experienced in the right types of way for your family office. There are many different things that make it nearly impossible to easily find people who are experienced in the family office space, especially if you’re a single family office. 

Here is the first family office executive search challenge:

3. Another challenge is that a lot of people see the family office industry as a place they don’t want to work because of the politics. There are things going on within a family office, maybe a patriarch or matriarch changing their mind about something and it might totally change the direction of the family office, even change the role of somebody at the family office. And there is not much warning of that sometimes. I know somebody who just recently quit a billion dollar plus family office position, top three executive positions, because what they were promised didn’t happen at all. They were supposed to be able to manage a discretionary portfolio of assets, and that wasn’t the case at all. They were basically treated like a junior analyst. So that could be a challenge.

 
I hope this advice is helpful to you if you are just getting into the family office industry or trying to recruit people for the first time. I think that you will relate to many of the challenges I‘m talking about here. What we offer is a solution to many of these headaches. The Family Office Club is by far the largest network of family office professionals in the world. Over 95% of family offices in the United States have somebody on their team that is party of our Family Office Association.  Hundreds of Single family offices in the United States and over 1,000 family offices globally are members. And we are in about 70 different countries now and so what we can do is help you with talent searches, recruitment, and executive searches for family offices. If you want to learn more please watch our video on family office executive search challenges here, visit us at FamilyOfficeExcutiveSearch.com, or you can contact me Richard Wilson at Clients@FamilyOfficeExecutiveSearch.com, and if you want to check out our Family Office Association and those resources, please go to FamilyOfficeReport.com or FamilyOfficesGroup.com. Thank you.

To view challenge number four, click here.