This document provides an agenda for the 3rd Annual Family Office Congress on managing risk, succession, and family legacy, held on December 1-2, 2010 in Melbourne, Australia. The agenda includes sessions on: defining risks facing family offices; nurturing entrepreneurship in the next generation; global investment strategies; managing business risk and succession; choosing external and internal advisers; and philanthropy. There will be presentations, panel discussions, and networking events with speakers from international family offices, investment firms, and advisory organizations.

1. 1-2 Dec 2010 Park Hyatt Melbourne
3rd Annual Managing risk, succession
and family legacy
Family Office Congress
 Living insights into how fortunes are kept, and lost
 Strategies for managing the risks facing family offices today
 Nurturing the entrepreneurial spirit in the next generation
 Ideas for and psychology of business succession
 Philanthrocapitalism: can it work?
 How to choose your advisers wisely
+ PLUS Separate Family Office Services Workshop
30 Nov 2010

2. Speakers
International guest speakers and Australian family offices
Rupert Myer, AM B.Comm (Hons), MA Cantab
Mr Myer is the Chairman of The Myer Family Company Ltd and a Director of the publicly listed Myer Holdings Ltd, AMCIL
Limited & DUI Limited. He serves as Chairman of the National Gallery of Australia. He also serves as Chairman of Kaldor
Public Art Projects, as a Board Member of The Felton Bequests’ Committee and as a Director of Jawun-Indigenous
Corporate Partnerships.
Andrew Reid
Andrew was born and educated in New Zealand, and commenced his working life as a photojournalist from 1989 until
1994, documenting conflict primarily in North Africa, Croatia and Bosnia for many different international publications.
Returning to New Zealand he married Atka, with whom he had worked in Bosnia. He formed and grew a successful
aviation business over the next 12 years before selling his interest and he now chairs the Todd Family Council. Andrew
holds an MBA (with Distinction) from the University of Canterbury, New Zealand.
Candice Beaumont
Candice is the Managing Director of L Investments in New York, a family office with a portfolio of public and private equity
that is primarily focused on commodities. She is also a financial consultant to Genoil Inc, (www.Genoil.net) an emerging
heavy oil technology and portfolio company of L Investments. Candice has well over a decade of experience working with
and for family offices.
Peter Fletcher
Peter is the Managing Director of Parly Company, Switzerland. A family office which invests internationally in private/direct
equity and alternative investment strategies. Peter has over 30 years of international experience in financial management
functions in the trust and banking industry in Canada, Australia, Bermuda, Hong Kong and Switzerland. In addition to
holding numerous directorships of investment funds and companies, Peter has served on various governments financial
regulatory bodies.
Malcolm Wood
Malcolm Wood is head of investment strategy at Morgan Stanley Smith Barney Australia. Prior to this role, Malcolm was
based in Hong Kong for five years as Asia-Pacific equity strategist for Morgan Stanley and strategist at Minerva Capital
Management. Preceding this, Malcolm was at Morgan Stanley in Sydney for five years, as Australia equity strategist and
head of research. In earlier roles, Malcolm was a director of international and domestic equity strategy at Credit Suisse
First Boston Australia, and a US equities portfolio manager at BT Funds Management in Sydney and New York.
Amin Al-Rashid
Amin is the CEO of AR Investment Partners where he works with Family Offices, including Royal Families in the Middle
East and financial institutions globally, on their private equity investments. Amin has co-invested on several billion
dollar private equity investments. He has also managed the private equity investments for a number of high net worth
families in Europe. Amin commenced his career in Strategy Consulting at Andersen Consulting and later in Mergers and
Acquisitions at Rothschild.
Kripa Sethuraman
Kripa leads Family Office Exchange’s international client relationship management and content and insight development
efforts as Managing Partner, International. Kripa works with UHNW families on issues ranging from governance, family
office operations, asset allocation, and succession planning, on a one-on-one basis, as well as presenting on Family
Office issues.
Michael Southam
Michael has worked as an independent consultant in Geneva’s financial community since 1990. He has also consulted to
leading Swiss banks and financial institutions over the years. Based on accumulated research with families who have lost
much or all of their fortunes, his presentation is littered with compelling insights into how wealth is lost over generations.
Michael’s own family story is a case study itself… this is a must-see presentation for families and advisers who are
concerned about risks and want to preserve family wealth for future generations.

3. Family Office Services
Complex clients demand a higher level of service
separate full-day Workshop
30 Nov, hilton on the park, Melbourne
the evolution of project management services to wealthy families and the emergence
Workshop facilitators of the family office structure have led to a strategic shift in direction for many inte-
grated wealth advisory firms. these forward thinking firms want to re-position their
suite of services to take advantage of the growing number of complex clients with
dynamic family issues.
in this practical full-day workshop, attendees have the opportunity to learn best
practice in operational services to wealthy families, examine the different frame-
works for engaging 2nd, 3rd and later generation clients, and delve into a number of
case studies featuring Mfo and advisory firm operations.
tim Gullifer
Partner
Deloitte Private
scope of family office services
Setting strategic family direction

Delivery and process of services

Integrated wealth management

Investment reporting and policy

leadership, longevity and continuity
laurent roux Defining family vision, governance and constitutions

Founder
Decision making processes and rules for operation

Gallatin Wealth
Management Multi-generational involvement

Setting priorities around education and development

case study operational management within family office services
Managing liquidity for uhNW Information management and storage

clients and families
 infrastructure and reporting
IT
Morgan Stanley Smith Barney will
Personal and human capital management

provide an insight into how wealth
families can better manage liquidity Scale and measures of success

events – specifically from a wealth
management perspective. key learning outcomes for attendees
Delivered by: eraklis panagiotakis  Family wealth services within a SFO & MFO context
Head of Wealth Management, Morgan  Strategic collaboration and multi-disciplinary advice to complex families
Stanley Smith Barney
 Generational engagement, leadership development and education
case study  Comparing operational advice models
Mutual trust
Multi-family office We will encourage input from all attendees before, during and after the workshop.
Advanced feedback and specific issues of all attendees will be taken into account and
Founded by The Hon. W L Baillieu and worked into the agenda.
five of his brothers in the 1930’s and
incorporated in 1951, Mutual Trust Pty We will encourage input from all attendees before, during and after the workshop.
Ltd today provides a comprehensive Advanced feedback and specific issues of all attendees will be taken into account and
range of financial and wealth man- worked into the agenda. Workbook and case studies will be provided.
agement services to extended family
members and other selected clients.
Delivered by: tim hammon
CEO, Mutual Trust

4. DAY 1 11.10am
8.45am Welcome to country Next Generation: Nurturing the
entrepreneurial spirit in a Risky environment
Opening remarks from the chair
Developing next generation leaders is critical to the success
of the family business and to the family as a whole.
9.00am Opening Presentation ■ How do you best teach the next generation strategies to
The essence and development of family offices achieve success?
in Australia ■ How do you encourage entrepreneurialism needed to
■ What is a family office in Australia today? d
evelop the family business in an ever-changing
■ Trends in the provision of UHNW services market while balancing risk taking?
■ Challenges and opportunities facing Australian family offices ■ What are the best methods to ensure the free-flow of
■ CAse sTuDY: The evolution of Mutual Trust into a multi- new ideas while operating under difficult global eco-
family office nomic conditions with no clear patterns for recovery?
Tim Hammon, CEO, Mutual Trust Candice Beaumont, Managing Director,
L Investments, New York
DEFINING RISKS FOR Followed by panel discussion featuring:
FAMILY OFFICES Richard Weinberg, Managing Director, Terrace Tower Group
Richard Davies, Managing Director, Jagen
9.20am Andrew Reid, Chairman, Todd Family Council
How to Lose a Billion Moderated by Candice Beaumont, MD, L Investments
“Read Othello: wealth does not breed respect”.
Born into well-established families on both sides, Michael
witnessed the break-up of the family fortune over his lifetime,
12.00pm Lunch
and went back to analyse what had happened over the preceding
100 years. He took the opportunity to speak with 35 other families INVESTING FOR THE NEW NORMAL
who had experienced similar losses, and identified common
themes and milestones that led to the loss of family fortunes. 1.30pm
Michael southam, Rockliffe Partners, Geneva Global Investment strategy Outlook
Malcolm Wood, Head of Investment Strategy,
10.00am Coffee Morgen stanley smith Barney
Followed by panel discussion:
10.30am
1.What is the new normal? Are we there yet?
A Roadmap for the future The rise of China, peak oil and the “sustainability of growth”,
Our journey and the development of the Todd the global financial crisis and the enormous burden of US and
family ‘roadmap’ European sovereign debt. Given the changed global economic
landscape, is there a “new normal” for investors around the
Recognised as one of the leading family offices in the region,
globe? Or is asset allocation and investment best practice the
the Todd family has prospered over 7 generations, and now has
same as it has always been?
over 190 family members. With the huge growth in numbers,
the Family Council (formed in 2003) has developed its own Barry Carp, CIO, River Capital
Roadmap for the future and the family has been generous Malcolm Wood, Head of Investment Strategy,
enough to share their plans with us at the Congress. Morgan stanley smith Barney
Andrew Reid, Todd Family Council Chairman, New Zealand Adrian Redlich, CIO, Merricks Capital
Dennison Hambling, CIO, First samuel, Melbourne
session moderated by Peter Fletcher, Parly Company sA
3.00pm Coffee

5. 3.30pm – 5.00pm
Breakout sessions: We break into smaller groups to allow for more interactive sessions. Each session will last 90 minutes.
stream one: stream two:
Looking at Co-investments and inter-family understanding risks in the family context
collaboration (closed session by invitation only) In this session we explore in more detail how wealthy families
Looking in more detail at emerging family office investment can best understand and mitigate the variety of risks they face.
Ownership and control, risks around succession, risks relating
strategies, co-investment models and latest thinking for SFOs.
to non-family advisors and directors and risks arising from
A limited attendance session promoting conversations and the
inter-family relationships are all explored.
sharing of ideas and opportunities.
Hosted by: elise elliott, Director, Deloitte Private
Hosted by: Peter Fletcher, Parly Company sa
5.00 – 7.00pm Cocktail & networking drinks

6. DAY 2 12.00pm
Session tbc
family business evolution
12.30pm Lunch
9.00am
The evolution of a family business to a family choosinG eXternal anD
office and beyond internal aDvisers
A look at the history and development of the Myer Family in
Australia and the priorities and challenges that have faced the 1.30 - 2.15pm
family over several generations.
How to Choose a Wealth Advisor: Understanding
Rupert Myer, Myer Family Company the Wealth Management landscape
Selecting the right organisation to partner with you in the
9.40am management and oversight of your family enterprise is one
PAnel SeSSion of the most important decisions you will make. Success in
this endeavour requires a significant investment of the fam-
Managing business risk and succession ily’s time, talent, and resources to ensure a thorough and dis-
In this session we explore different triggers for business suc- ciplined due diligence process. This presentation will review
cession such as intergenerational transfer, sale of equity to some of the key success factors in ensuring a successful and
non-family members, and distressed or turnaround situations. long-term relationship with your wealth advisor.
We look at the risks associated with each situation and how Kripa Sethuraman, Head of international Practice,
these risks can be planned for and managed. Family office exchange (london)
Panellist: TBC
Session moderated by: Greg Smith, Director, Champ Ventures
2.15 - 3.15pm
PAnel SeSSion
10.30am Coffee Structuring an advisory board
We can’t choose our family, and perhaps we wouldn’t want to…
philanthrocapitalism but we can choose our closest advisers. Choosing the wrong ex-
ternal advisers can be a disaster for wealthy families; choosing
11.00am the right ones can establish the family for generations to come.
Where next for social entrepreneurs? So what is the essence of the best-trusted advisers? And how
The “third sector” AKA the non-profit sector has been a hot- do we best establish an advisory board for the family? What
bed of innovation over the last decade and more. Concepts blend of skills and attributes should we seek?
of social entrepreneurs, social enterprise, the emergence Kripa Sethuraman, Family office exchage
of social media based campaigns and awareness of climate Ari Bergman, General Counsel/Co. Secretary, Spotlight Group
change have gained increasing prominence.
Allen Robinson, Bridgestar
Alongside this the sophistication of the sector has developed elise elliott, Director, Deloitte Private
rapidly. Some modern philanthropists are asking new questions
such as "can we create social good and seek financial returns 3.15 - 3.30pm Coffee break
at the same time? If so can we invest the corpus for social
good? And how do we measure the value of social impacts?" 3.30 - 4.15pm
Other philanthropists have returned to simpler and more PAnel SeSSion
traditional roles, and perhaps re-discovered the impact they
can have in their local communities. Should philanthropy
eyes Wide open: Seeing risks before they become
be this sophisticated, or really should we just be supporting disasters
worthy causes with more dollars? So how do we spot the hidden risks we are taking? In this
Suzi Carp, Chair, River Capital Foundation session we look more closely at some war stories involving
fraud, mis-management and sheer incompetence.
Wendy Brookes, Head of Personal Services,
The Trust Company Alex Wise, Managing Director, orchard Harbour
Terry Farris, CEO, Unitus Capital David Bell, Managing Director, St David’s Road Advisory
Peter Winneke, Head of Philanthropic Services, other panelists tbc
Myer Family Company
4.00pm Conference close

7. Thank you
to our sponsors and event partners
Lead Sponsor
Supporting
Sponsors
Network
Partners
Event
Partners
Dealers’ Group Council of Families
Dealers’ Group is a multi-disciplinary membership group In conjunction with FOX and the Myer Family Company,
for private client advisers and family offices. Dealers’ Group is hosting a one-day mini-retreat for family
members and CEOs of family offices, to be held in Melbourne
We facilitate the sharing of knowledge and information to
and Brisbane. Numbers are strictly limited and this event is by
encourage an ever higher standard of advice for private
invitation only. If you would like to be considered for invitation,
clients in Australia.
please email Richard Milroy at rmilroy@dealersgroup.com.au
Benefits include:
Please note that confidentially is assured. For any enquiries
• Preferred pricing: Discounted attendance to all Dealers’ on this matter please contact Richard as above.
Group events
• Private Client Advisor newsletter: Monthly newsletter
covers topical issues related to private client advisory.
• Access to Dealers’ Group website: Access to papers,
presentations and audio files
• Webinars: Monthly webinars direct to your desktop
• Private lunch meetings: held quarterly
For enquiries regarding membership, please contact Paul
Salmon on 02 9555 4203 or email psalmon@dealers group.
com.au.

8. to RegisteR
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