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CAYO ESPANTO
A GENIE NOT IN A BOTTLE
LE PALAIS VENITIEN
A PALACE ON THE HILLS IN CANNES
FAMILY OFFICES & THE PRIVATE JET
REVOLUTION
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FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
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READY SET
FLY
We are corporate jet leasing, done right.
mintair.io 2
FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
ANDREW SCHNEIDER F O U N D E R /
P U B L I S H E R
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It has been a challenging Spring 2020 from a global health standpoint, yet I am thankful to see so many of our family office members stepping up to help other families, medical professionals and nonprofits that greatly need support.
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t has been a challenging Spring 2020 from a global health standpoint, yet I am thankful to see so many of our family office members stepping up to help other families, medical professionals and non-profits that greatly need support.
expansion. The challenge families often face when setting up a new family office is determining the right structure and terms, identifying the best service providers, and communicating and reporting to family members.
In my view, during a challenging time, it is apparent that substantial families are tired of paying high fees to outside companies that are not always transparent, articulate and accountable. As a result, many of these families are setting up their own family office to manage their investments, philanthropy, accounting and estate planning issues.
FON’s new recruitment team understands that all family offices are not created equal and that each one is formed with a different vision for the future. These experts also understand the nuances of the different types of family structures and are adept at identifying the right skill sets for the right situation. Equally, if not more important in this sector, is the cultural fit giventhe personal nature of the families’ holdings and in many cases the size, scope, and number of family members being served by the office. The team has worked with family offices of all sizes, from startup to very mature operations, including single- and multi-generational operations.
To meet increased demand from the large number of wealthy families who seek customized support to launch a new family office, we are pleased to have access to trusted advisors who provide counsel on staffing, back office set-up and structure. Typical services include advice related to service provider selection, staffing, private deal support, philanthropy, succession planning, financial planning, and governance. There’s a clear trend as evidenced by the fast-growing number of family offices worldwide which is estimated to have increased 500 percent in the past few years alone. There are 12,000-15,000 global family offices today which is an incredible
We’re excited to partner with a highly qualified team of family office recruiting experts as a way to meet the growing needs of the families within our organization. Everyone involved has deep breadth and depth of family office recruitment experience and the number of successful case study examples is impressive to say the least.
FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
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CHARLOTTE LUER E D I T O R - I N - C H I E F
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The Editor in Chief
Whatever your passion, spring is a perfect time to enjoy a breath of fresh air
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s famed writer Margaret Atwood is often quoted as saying, “In the spring, at the end of the day, you should smell like dirt.” For those living in cold climates, spring means warmer temperatures, flowers blooming, people enjoying the outdoors, and an opportunity to get outside. Those of us who live in warmer regions also should pay attention to the emergence of spring as a great reason to venture into the outdoors. Whatever your passion, spring is a perfect time to enjoy a breath of fresh air. In this issue of Family Office Networks Magazine, we take a look at many of the outdoor activities that our members enjoy – polo, horse racing, strolling through new cities, European vacations and fine dining. There’s something for everyone to dream about.
FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
We’re pleased to launch a series of new Family Office Associations throughout the United States in the past few months and welcome our new members. Please get in touch and send along your ideas for future magazine articles. We’d love to hear from you.
Charlotte Luer Editor-in-Chief charlotte@fonmagazine.com +1.239.404.6785
SUREJ (SUNMAN) KALATHIL A
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I’m hard at work on a new Surrealistic Photo Art series that will be included in our Summer issue. Stay tuned!
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t has been a great pleasure to work with Family Office Networks this past year to debut our new Luxury Magazine. I’m thrilled that it has been so well received and enjoyed seeing so many people enjoying reading it at our many events. Springtime in Palm Beach is Polo Season and there’s no better time of year to visit this legendary destination on Florida’s East Coast. While there’s no shortage of things to do in Palm Beach, polo is a highlight that’s not to be missed. We’ve had a great time at Polo recently and it has been a blast taking photos of our family office members enjoying sunny days filled with horses, quality networking and good cheer.
At present, I’m hard at work on a new Surrealistic Photo Art series that will be included in our summer issue. Stay tuned! Once again, many thanks for all of the kind words and favorable comments on the magazine’s design.
Surej ( Sunman) Kalathil Art Director surej@fonmagazine.com +1.561.827.9072
FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
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Luxury custom suits, shoes and bags handcrafted in Spain!
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www.pinandstripe.com
FON MAGAZINE / SPRING ISSUE 2020 / FONMagazine.com
Editorial FOUNDER /PUBLISHER Andrew Schneider 561.906.1181 andrew@fonmagazine.com EDITOR-IN-CHIEF Charlotte Luer 239.404.6785 charlotte@fonmagazine.com ART DIRECTOR Surej Kalathil (Sunman) 561.827.9072 surej@fonmagazine.com
Content FAMI LY
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PH IL AN TH R OPY
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FA M I LY O F F I C ES & T H E P R I VAT E J E T R E VO LU T I O N
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CAYO ES PA N TO A G E N I E N OT I N A B OT T LE
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P E R F ECT P R O D U CT S FO R PA M P E R E D P E T S
Any form of reproduction of any content on this magazine without the written permission of the publisher is strictly prohibited. © 2020 FON Magazine. All rights reserved.
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The information in this issue of FON Magazine is for information purposes only. FON Magazine Inc. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon. The information contained about each individual, company, product or organization has been provided by such individual, company, product or organization without verification by us. The opinion expressed in each article is the opinion of its author and does not necessarily reflect the opinion of FON Magazine or Family Office Networks. Therefore, FON Magazine and Family Office Networks carry no responsibility for the opinion expressed thereon.
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FA M I LY LES S O N S F R O M H B O ‘S S U CC ES S I O N N E W M C LA R E N 6 2 0 R S E T S T H E PAC E T H E K I D S CA N C E R FO U N DAT I O N D E D I CAT E D TO O U R LI T T LE WA R R I O R S TH E R E I M AG I N AT I O N O F N E W YO R K ‘S M O M A
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LA PA LA I S V E N I TIENA PA LAC E O N T HE HILL I N CA N N ES
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amily office demand for private jet travel is higher than ever it has ever been. For years, factors such as airport congestion, poor airline service and lack of flexibility have led to a resurgence in private aviation. Now, with coronavirus fears fueling the demand for private jet aviation, carriers in the $10 billion+ industry are at 150%+ occupancy as family offices and others seek solutions for safe travel. Family Office Networks provides unparalleled access to private aviation companies, including member rates and priority to access flights as well as investment opportunities.
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