• videocam Live Webinar with Live Q&A
  • calendar_month July 14, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Banking & Finance
  • schedule 90 minutes

Advising Family Office Clients on Evolving Legal, Tax, and Business Issues

Navigating Investment Adviser Act, Employment, Executive Compensation, Tax, and ERISA Issues

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$294.95
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Discount expires 6/30/26

This course is $0 with these passes:

CLE
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About the Course

Introduction

This CLE course will discuss legal issues attendant with advising family offices established by high-net-worth individuals and families. The program will discuss the Investment Advisers Act, employment and executive compensation, and U.S. and foreign income tax issues.

Description

Family offices are centralized entities focusing primarily on wealth management services for high-net-worth individuals and families. Offices provide 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 office), there is a range of compliance obligations relating to investment adviser regulation. Those obligations include possible SEC oversight, compliance programs, record retention, cybersecurity, and a plethora of other matters that SEC-regulated advisers must address. However, the SEC exempts certain family offices from registering as investment advisers or commodity pool operators and from certain related compliance.

Formation decisions are critical. Family offices, traditionally structured as a limited partnership or limited liability company, provide investment management, tax, accounting, and concierge services to family members and various family entities. There are ways family offices can structure themselves in a particularly tax-efficient manner. Tax reform disallowed deductions under Code Section 212 but reduced the corporate tax rate from 35% to 21%, allowing for certain organizational and investment structures that can improve tax efficiency.

Employment decisions (both hiring and firing), ERISA obligations, and executive compensation structures are areas of risk for family business offices. Offices must appreciate wage-and-hour laws, labor law standards, and legal developments regarding restrictive covenants and noncompete agreements to help family businesses mitigate their legal exposure.

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

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Tuesday, July 14, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. The role of the family office

II. Legal aspects of designing, implementing, and operating a family office

III. Tax issues and considerations

IV. Current regulatory compliance concerns and recent legal changes

A. The tax planning implications of OBBBA

B. Evolving AI regulations

C. Data privacy protection requirements (domestically and internationally)

D. Governance 

The panel will review 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 a family office registering as an investment adviser?
  • What are some of the key tax issues for family offices?