Family Office Exchange (FOX), a global network of wealth owners and their advisors, has formed a new council group for sophisticated wealth advisors in Europe.
FOX said that the new wealth advisor council will provide advisors with a private peer group, supported by FOX research, to assist in guiding their future growth as advisors to the high net worth market.
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Commenting on the formation of the new council, FOX president, Alexandre Monnier, said: "This offering is patterned after a similar council that has been operating in the US since 2006. Many of the debates and insights arising from the Council have helped shape the emergence of a new wealth advisor class dedicated to serving the most sophisticated, multigenerational families."
FOX founder and CEO, Sara Hamilton, said that a new segment of advisor has emerged through the collaboration in the FOX Council to serve the needs of other wealthy families.
"As their wealth grows, a financially successful family requires more than traditional investment managers and private bankers typically provide. There is a need for enhanced services in order to add business among this desirable segment. Based on demand from our European advisor members, we believe now is the time to support the expansion of this segment in Europe," Hamilton added.
FOX said that the insights, which are among its resources available to this group, are from advisor benchmarking studies, including trends documented back to the mid-1990s.
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By GlobalDataAdvisors will also have access to the FOX Wealth Advisor Enterprise Series of studies that delve into the key strategic pillars of building a wealth advisory business, including product definition, pricing, staffing, service delivery, marketing, and business development.
