CHICAGO, June 24, 2014 (GLOBE NEWSWIRE) -- Family Office Exchange (FOX), a global membership organization of single family offices and their advisors, announced the launch of the 2014 Single Family Office Benchmarking Survey. This year's benchmarking survey is designed to help family offices and their governing boards evaluate the performance of the office relative to their peers around the world.
First launched in 1991, it is the longest running study of its kind and the only one that provides participants with a Board Report designed to articulate the value of the office and educate board members and clients about how their operations compare to other family offices.
The Board Report provides insights on:
- Ownership and governance
- Owner engagement and education
- Wealth sustainability
- Complexity and cost
- Client experience
- Human capital
"FOX family office members are always looking for ways to compare their performance and demonstrate the value the office provides. The FOX Benchmarking Board Report provides participants with detailed information about everything from family education budgets to 2015 salary increases and is designed to help participants celebrate their successes and identify changes to improve performance," says FOX Senior Consultant Jane Flanagan.
There is no cost to participate in FOX Family Office Benchmarking™, and participants will receive their Board Report in September, in time for annual employee reviews and 2015 budget planning.
Participation is open to FOX members and qualified membership prospects through July 15, 2014. To learn more about how you can participate in FOX Family Office Benchmarking™, please contact benchmarking@familyoffice.com.
About Family Office Exchange
Family Office Exchange supports a global member network of wealthy families and their advisors who are pursuing best practices for optimal management of their families' enterprise wealth and legacy. The community includes over 8,000 people from 760 organizations in 20 countries who utilize FOX's resources each year for advice, networking, education, and comparative metrics.
FOX is headquartered in Chicago and London, with an office in New York. For more information about FOX, call 1.312.327.1200 (The Americas) or 44.(0)20.7520.9443 (Europe, Africa, Asia/Pacific) or visit www.familyoffice.com.
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