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JANUARY 2023 ALLIANCE COMMUNIQUE
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We are thrilled to announce...
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The Family Wealth Alliance is now part of
The Charles Schwab Corporation!
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Dear Friends of the Alliance:
The Family Wealth Alliance is approaching its 20th anniversary, and I can’t imagine a more celebratory evolution than the one we’re announcing today: FWA has joined forces with our longstanding partners at Schwab Advisor Services and is now part of The Charles Schwab Corporation. Read the full FAQ here.
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WHAT'S NOT CHANGING
- FWA data will be kept confidential and only accessible to the FWA team. Preserving the trust and confidentiality of our members was a key concern as we made this strategic decision. Schwab has strict internal controls for protecting confidential advisor data and information, including what is supplied by firms for benchmarking reports, and will apply a similar process to information you share with FWA.
- Membership eligibility and engagement opportunities remain completely custodian-neutral. Our focus on the multifamily wealth community is not changing, nor is our dedication to fostering a community built around high-touch relationships and intentional connections. This new relationship is about taking Schwab’s support to the next level, not changing our spirit or purpose.
- Our membership structure, offering, and pricing remain exactly the same. You’ll still be served by the FWA team members you know and trust: Me, Rachel, Brooke, Brandelynn, Emily, Sarah, Heather, and Gabriella. I remain FWA’s leader and will continue to lead the organization for the foreseeable future, with Rachel as my co-pilot.
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WHAT IS CHANGING
Those of you who know the small but mighty FWA team know we’re always trying to push the envelope and enhance our member experience, but sometimes our size can be limiting.
We’ll now have the resources to bring you even more member benefits: expanded content and research, elevated event experiences, and new initiatives. We’re beyond excited for what these deeper resources will mean for our members!
By joining Schwab, we’ve also ensured the longevity and sustainability of the community.
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Schwab has been a loyal Platinum Partner of The Family Wealth Alliance for years, with an intimate understanding of our ethos and respect for our trusted relationships in this space. Our long working relationship has always been anchored by shared values and an understanding of the importance of community for helping family wealth firms learn, share, and grow. Together, we recognized we could provide even greater value to you by making our collaboration official.
FWA membership has tripled in size over the last three years, with expanded research capabilities, frequently sold-out events, and a growing roster of Leader Roundtables. The additional expertise and resources of Schwab Advisor Services will help us continue delivering all these things at the highest level, faster, and for years to come.
The Family Wealth Alliance and Schwab share, at our core, the value of client-centricity, and we look forward to working with you to co-create the vision for our combined future. We welcome your feedback and ideas.
In all things we continue to put you first.
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Tom Livergood
Founder and Head of The Family Wealth Alliance
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Alliance Member Q&A
FEB 9, 2023 | 1PM CT
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Alliance members are invited to join us at 1pm CT on February 9th for a live Q&A regarding our new relationship with Schwab and what it means for you. Anyone from a member firm is welcome to join. We look forward to seeing you!
Alliance Strategic Partners: Please look for a separate invite to a Partner Q&A.
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ROOM BLOCK CLOSES FEBRUARY 10
2023 Alliance Summit
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The 2023 Alliance Summit, our members-only, C-Suite leadership retreat, will once again be held at The Phoenician in Scottsdale, AZ on March 1-3, 2023.
The industry becomes more complicated as new firms emerge and others converge. Multifamily Offices feel pressure on their operating models while they strive to continue offering high-touch, customized services to clients. As families become more complex, so do the challenges of serving them while maintaining a scalable, profitable business.
If we learned anything in the last few years, it's that building a flexible firm is key to sustainability. Flexible firms frequently revisit their “why”, service model, and operating structure to accommodate the changing needs of client families. At this event, we aim to Reimagine our business models and how we can modernize to continue serving clients while preparing for a future that is difficult to predict.
Alliance Summit Registration is limited to Members and Partners only. View the agenda below - speakers announced soon!
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PLEASE NOTE: Our room block ends Friday, February 10th and event registration ends Friday, February 17th. We encourage you to book your accommodations as soon as possible, as rooms may sell out even prior to the close of the block.
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Open for rolling participation!
Voice of the Client Survey
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Our Voice of the Client Survey is a powerful, customizable, and confidential way to understand what your clients value, how well your firm is delivering on that value, and how you compare to your competitors in the industry. FWA worked with a team of experts (from Bain & Co., Charles Schwab Advisor Services, Pitcairn, Greycourt, Ballentine Partners, and WE Family Offices) to develop an industry-specific approach to evaluating and benchmarking your client experience.
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THOUGHT LEADERSHIP & INDUSTRY NEWS
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Alliance Talks: AgilLink
Mark Wickersham, VP of Strategic Marketing and Don Ludwig, SVP of National Sales at AgilLink discuss the trends and benefits of family offices offering bill pay services.
Topics include:
- Trends in the family office marketplace
- Why more family offices are considering offering bill payment services
- What firms should consider before offering bill payment for their clients
- How firms should think about charging for this service
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Alliance Talks: Friedman + Huey
Friedman + Huey’s Bob Jacobson shares their firm’s approach to serving clients through a virtual multi-family office model.
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Alliance Talks: Integrated Family Office
Jenn Rapoza, Director of Client Experience, shares her passion for serving clients holistically at Integrated Family Office.
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Not yet an Alliance Member?
Whether you're a seasoned multifamily office executive or a rising star in family wealth, we offer research, thought leadership, tailored networking opportunities, and other exclusive benefits designed by and for professionals like you.
The Family Wealth Alliance is the only membership organization focused solely on multifamily wealth firms. We actively curate a collaborative, peer-led community united by shared values and fueled by a desire to serve clients and the industry at the highest level.
learn more about membership →
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The Charles Schwab Corporation (Schwab), provides a full range of securities brokerage, banking, money management and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC), offers investment services and products. Its banking subsidiary, Charles Schwab Bank (member FDIC and an equal housing lender) provides deposit and lending services and products.
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