Advising Family Office Clients on Recurring Legal and Business Issues

Navigating Investment Adviser Act and Broker-Dealer Compliance, Employment, Executive Compensation, Tax and ERISA Issues

Recording of a 90-minute premium CLE webinar with Q&A

Conducted on Wednesday, July 26, 2017

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will discuss legal issues attendant with advising family offices established typically by high net worth individuals and families. The program will discuss Investment Adviser Act and Broker-Dealer Compliance, as well as employment and executive compensation, and U.S. and foreign income tax issues.


Family offices are centralized entities focusing especially on wealth management services for high net worth individuals and families, but also providing a variety of personalized services for the family, including tax, estate planning, investment and charitable giving.

Depending on the nature of the family office (e.g., “single-family” vs. “multiple-family” family office), there are a range of compliance obligations relating to investment adviser regulation, including possible SEC oversight, compliance programs, record retention, cybersecurity and the plethora of other matters that SEC-regulated advisers must address.

However, the SEC exempts certain family offices from registering as an investment adviser or commodity pool operator, and from certain related compliance.

Listen as our experienced panel of attorneys explains and offers best practices for key legal issues in advising family offices.



  1. Family offices: types and structures
  2. Regulatory compliance
    1. SEC Family Office Rule under the Investment Advisers Act of 1940 and its application
    2. CFTC registration
    3. Exchange Act reporting obligations
  3. Employment/executive compensation issues
  4. Establishing investment vehicles for club deals, sidecars, etc.
  5. U.S. and select overseas tax issues
    1. U.S. domestic: deployment of qualified capital (e.g., Keogh, IRA, pension plan etc.) and related issues; increased popularity of IDFs (“insurance dedicated funds”); related ERISA issues
    2. International: families with individuals in multiple jurisdictions; overseas holdings
  6. Basic special estate tax issues


The panel will address these and other key issues:

  • What are the regulatory compliance issues for counsel assisting in structuring family offices?
  • What is the scope of the SEC exemptions for family offices registering as an investment adviser?
  • What are some of the key domestic and overseas tax issues for family offices?


Braunstein, Yehuda
Yehuda M. Braunstein

Sadis & Goldberg

Mr. Braunstein’s practice focuses on investment funds, securities, regulatory compliance and investment...  |  Read More

Gelinas, Alex
A.J. A (Alex) Gelinas

Senior Counsel
Sadis & Goldberg

Mr. Gelinas focuses his practice on providing tax advice to investment managers of hedge funds, private equity funds...  |  Read More

Huttler, Steven
Steven Huttler

Sadis & Goldberg

Mr. Huttler has extensive experience in corporate, finance, investment fund and securities matters, including the...  |  Read More

Viola, Daniel
Daniel G. Viola

Sadis & Goldberg

Mr. Viola is the Head of the Firm’s Regulatory and Compliance Group. He structures and organizes...  |  Read More

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