The Family Office Sherpa

One of the most important hires is the person that takes responsibity for implementation. This "general manager" is the first delegation point as they will put the wheels in motion. Shaun has seen this work and details what offices should look for.  The family office pay report mentioned in the episode: https://www.morganstanley.com/articles/single-family-office-compensation Hall Road Investments...

Shaun provides insights into cash, the asset class that can cause significant operational and portfolio management complexity. He illistrates what good looks like, what to avoid and what questions families should ask themselves.  It's important to note that we are discussing how family offices can manage cash at an operational level and not advocating for any individual or type of cash products in...

How would Shaun structure his investment office if he sold his business for $200M? This episode provides a guide on setting up and running his ideal structure.   Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458) of Hall Road In...

Sometimes it's just knowing the questions to ask to get more from your relationhsips with wealth and asset managers. Shaun gives some practical examples of how you can leverage your spend (as someone that has been on both sides of the relationship), whilst remaining a good client.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Cor...

Shaun has been speaking to offices and one of the main topics is cost. How much should we be paying to run the total office? What are some benchmarks to use and how can we manage/mitigate these costs without sacrificing purpose. The JP Morgan Report mentioned in the episode.     Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correl...

This episode Shaun digs into the challenge faced by offices without external voices. The "echo chamber" is a dangerous place when you're trying to create and protect generational wealth.   Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No...

Shaun digs into the agents of change that will affect how well your office operates in the future. Technology and Sophistication will determine those that flourish or flounder.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 001279458)...

"Fear is the Mind Killer". And family offices can either react or build a structure that navigates this unceartainty. Shaun provides detail on how the hardiest family offices manager to survive and flourish during market volatilty.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun P...

Shaun covers the need for clarity on internal and external portfolio management functions. Who has the agency to make decisions, what is the process and how are they implemented.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 00127945...

In this episode, Shaun breaks down the risks (family, investments, counterparties), and the mitigation strategies he has seen work effectively for offices struck by indecision.    Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 00127945...

Shaun discusses the current vs potential advice system for family offices. What will be the industry's "Netflix Moment" of going from selling DVDs in the mail to all in on streaming? Where is the firm that successfully provides a true alternative to the current method of providing wealth management services to this unique client type.   Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate...

Shaun digs into the idea that family offices can leverage their internal and external advisers and suppliers to create a network of supportive "scaffolding" to build a better office.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 0012...

Shaun provides specific detail on the use of "fractional" employees within family offices. What are they, what's the difference between them and consultants, what you should look for and what are some of the things to be mindful of.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun...

In this episode Shaun provides practical examples of how to establish or review your purpose document. Sometimes known as a charter, this is your living, breathing document outlining the reasons for having a family office.     Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin...

In this episode Shaun provides insights into his role as the "Critical Friend" within the family office investment team. Lots of practical examples for those families interested in the Hall Road advice model.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised...

In the latest Family Office Sherpa Podcast I dig into the very important relationship that clients have with Big 4 accounting and consulting, Global Mid Tier and local specialists.   Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 00127...

Nearly all family offices have a single overweight position in their portfolio.  Inspired by a recent article on how a family had almost doubled their wealth via one investment, Shaun provides practical guidance on how he has seen this go well and go poorly. This episode is a guide on how families can take advantage of their super powers whilst maintaining good governance.  The article: The stock...

One of the most interesting family office types is the embedded family office - the investments/family services that sit inside an operating business.  Often overlooked when it comes to good governance, Shaun digs into the best ways he's seen this structured and managed. A must for anyone unsure on how to start or those looking to review.  In the roundup we cover the family office University cours...

How are the pro-active family offices using AI tools to assist with daily tasks. From data capiture for research, refining their comms, quick rec & checks on performance data..the list of time saving and incremental uses for this once in a generation tech has started.   Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capi...

Family Offices are increasing their exposure to Private Markets. Shaun details his experience with the downstream operational effect of these investments and how offices can improve their reporting structure. In the fortnightly roundup (FR) - Michigan State University's run up the endowment league tables and a new Sydney family office hire.  Articles mentioned in this episode:  SS&C Private Market...

In this episode Shaun provides deatil on how he sees Family Offices use ETFs and provides a new "fortnightly roundup" of anything that's caught his attention. Links:  Citi Private Bank Report UBS Quartely Report  ASX Fund Stats Report "Hall Road Investments Pty Ltd is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an A...

In this episode, Shaun covers one of his favourite subjects - Benchmarking. This is not your normal asset owner and the way peformance is measured should be as unique as each office.    Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL No. 499882). Shaun Parkin is an Authorised Representative (AR No 00...

In this episode, Shaun provides his experience with how the famous endowment model is used by Family Offices. Specifically, why they are often big proponents (or say they are), what structures they're using for implementation and how they measure efficacy.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (...

In the latest Sherpa Podcast I delve into what family offices look for in a fund manager relationship. This is an epsisode for managers looking to build this channel and for those family offices seeking to build an ecosystem of external partnerships.  Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Representative (CAR No. 001279456) of Non Correlated Capital Pty Ltd (AFSL N...

In this episode Shaun calls out the most (and least) effective types of family office services.  A helpful guide for anyone looking to assist family offices  as well as for those looking to curate their supplier ecosystem.  Mentioned in the episode:  Cap Gemini Report Edward Marshall's Article on Adviser Creep.       Hall Road Investments Pty Ltd ACN 621 299 269 is a Corporate Authorised Represent...