Linda Mack of Mack International was a moderator and a featured panelist at the PAM Centers of Influence Network, held June 26-27 at The Ritz-Carlton Hotel in White Plains, New York. Hosted by Private Asset Management magazine, it is an exclusive education and networking event for the most influential advisors in the private wealth industry.
Chicago, IL (PRWEB) June 29, 2012 - Linda Mack, founder and president of Mack International, a premier retained executive search and strategic family office/human capital management consulting firm, was a moderator and featured panelist at the recent Private Asset Management magazine’s PAM Centers of Influence Network event held June 26-27 in White Plains, New York. This exclusive event is specifically designed to foster the best in thought leadership amongst private wealth professionals.
On June 26, Linda Mack moderated a panel entitled “New Wealth: Setting up a Family Office," leading a discussion on key challenges wealth creators face when starting a family office. The panel described best practices to put in place from the onset to ensure success, as well as specific examples of mistakes families often make and the lessons learned from those experiences. Panelists included Natasha Pearl, CEO and Founder, Aston Pearl, Carol Pepper, Founder and CEO, Pepper International and Charles Grace, senior consultant, Family Office Exchange.
“The panel explored the importance of creating a strategic business plan and budget and garnering alignment and agreement of the family members. This plan should clarify which family clients the office will serve and define the scope of the specific services the family office will provide, as well as which services the family office will provide directly and which will be provided via outsourcing ” Mack said.
On June 27, Linda Mack participated in a panel titled “Social Media for the High-net-worth Family.” The panel reviewed how wealth advisors and family offices should develop a social media strategic plan to benefit from the various and ever-changing social media tools and programs available. The panelists shared specific examples of how families and their advisors are using social media to communicate and market their messages, while managing the security and privacy-related risks with sound security controls. Moderated by Jamie McLaughlin, CEO, J.H. McLaughlin & Co., Linda Mack was joined on the panel by April Rudin, Founder of The Rudin Group, and Jeff Spears, CEO and co-founder, Sanctuary Wealth Services.
"Naturally, families are very concerned about security and privacy risks inherent in the use of social media networks,” said Linda Mack. “Families are increasing their awareness and taking action to manage these risks in light of the inevitable use of social media by family members. At the same time, they are actively seeking ideas on how to use these tools to increase productivity and improve the efficiency and effectiveness of communication among multiple generations of family members."
“We are seeing families increasingly incorporate social media and tech savvy requirements into their position profiles for Family Office leadership roles, signaling they want to embrace social media in order to more effectively engage and educate next generation family members," Mack noted.
The PAM Centers of Influence Network sessions explored a variety of topics such as how both single-and multi-family offices should be structured, best approaches to different investment strategies, safety and security for the high-net-worth family including the threat of digital media; succession planning, and engaging the next generation in family philanthropy, among others.
Mack International, LLC, headquartered in Chicago, is a global retained executive search and consulting firm serving clients in the family office/wealth management industry on a national and international basis. For more information, visit www.mackinternational.com or call 800.976.0015.