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Family Office Challenges

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Frustrated Family Office Director

10 Most Common Employment Mistakes Family Office Directors Make

1. Focusing on Individual Characteristics Instead Of The Job When hiring or promoting, focus on the job that needs to be done and the person’s skills to do the job, not on a person’s individual characteristics (e.g. personality or accent). Do not discriminate on the basis of a protected category (race, color, religion, nationality, age, disability, gender, etc.) or fail to provide accommodations for a qualified person with a disability. Provide written policies and conduct training with managers and family members. 2. Allowing Potential Harassment To Go Unchecked Look for warning signs, such as employees that wish to be reassigned or who do not want to work with/for a specific person, and intervene/investigate when necessary

Family Office Meeting Around a Table

Challenges Facing Family Offices Of All Sizes

With at least 10,000 single-family offices in the world, half of which were formed in the last 15 years, family offices may feel like they struggle to keep with the pack. To keep pace with the increasingly complex and ever-changing tax, regulatory and accounting requirements, family offices must modernize their technology and operations.   There are several challenges that family offices need to consider when choosing their operational framework:   Accounting And Reporting Family offices are often managing assets that range from traditional equity to global markets to private equity to real estate holdings and fine art. While managing such a wide array of assets, managers must also maintain enough liquidity to meet demands from

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Woman Looking Around As The World Moves Quickly Around Her

The world is spinning faster every day.

Employment has changed drastically the past few years—how we work, the type of work we do, and even where we work. Yet, while the world adapts, solutions for hiring private staff seem to be stuck in the past.

 

At Old State Staffing, we believe the status quo is not enough, and that those who decide now is the time to settle will be left behind. In the face of great change, tinkering around the edges simply won’t do. Since Day 1, our approach has been built on four key principles:

1. Developing A Quality Product

We’ve built Old State Staffing from the ground up, implementing the same cutting-edge recruiting tools used by the nation’s largest family offices. Historically inaccessible to smaller clients, these tools improve the tracking and management of talent, utilize machine learning for smarter searches, and intuitively compare compensation and qualification benchmarks both regionally and nationally. This allows us to find and match families with the best candidates quicker and more efficiently than ever before.

2. Building A Great Team

We knew from the start that our team would be our greatest differentiator. That’s because our agency is composed entirely of family office professionals who know what exceptional candidates look like; because we’ve applied to, managed, and hired for each of those positions ourselves.

3. Creating Meaningful Relationships

Building and maintaining relationships is important today, more than ever before. We place immense value on our relationships, not just with our clients, but our candidates, and the community at large. We spent our “pandemic years” building partnerships with local universities, to open the doors of private staffing to recent college graduates in the most educated metropolitan area in the world.

4. Refusing To Settle

Change is inevitable, yet private staffing has historically lagged in both hiring and employment standards. We’ve always been disruptors, first to adopt AI and machine learning—ensuring smarter, faster, more accurate matches for our clients.


We know that choosing an agency is a personal decision, and we’re honored for the time you have spent considering us as a partner in your search. If you haven’t spoken to us yet, let me be the first to say that we can’t wait to introduce you to our contacts, to guide you through the hiring process, and to introduce you to the perfect candidate. We know the stakes are high, but so are the rewards. With Old State Staffing you’ll be empowered to make informed, meaningful hiring decisions, so you can continue to thrive in a world that’s spinning faster every day.

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Adam Cook
Founder & Managing Director

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