Family Wealth Continuity Conference: Enterprising Family Investment Approaches

Consumer finance and new technologies: research and practice

Kellogg Center for Family Enterprises with sponsorship support from Egon Zehnder and PwC is pleased to host the Family Wealth Continuity Conference: Enterprising Family Investment Approaches on September 27, 2019. This conference will focus on achieving financial and family continuity through wise family investments.

The unit of analysis of family enterprise success has moved beyond the core business entity to the family itself – with the ultimate goal to sustain the enterprising family as a wealth owner. Enterprising families must continue to rethink the question “What business are we in?” and move toward the question “What do we hope to achieve through our shared family wealth?” Today, family enterprises are interested in considering a broader range of investment approaches to achieve enterprising family continuity. These answers seek to optimize financial as well as non-financial concerns of the ownership group. Families that are open minded about the questions, thinking of themselves as enterprising families rather than family business owners, are more likely to stick together as an ownership group and achieve both financial and family goals.

With live case studies, opportunities to network with like-minded families and facilitated dialog to uncover and address the challenges and opportunities for enterprising family investments, this conference will address these topics with insight and contributions from Kellogg faculty and families who have successfully navigated these unique challenges.


Friday, September 27, 2019


This is an invite only conference. If you are interested in attending, please fill out the form for consideration.


Contact
Kellogg Center for Family Enterprises

Email
Recommended reading

How Family Businesses Can Adapt for the Next Generation
Five tips for staying relevant—and successful—as an “enterprising family.”
read the article at Kellogg Insight
Roundtable on Family Business
The Enterprising Family
read the article at Crain's Chicago Business

Agenda



September 27, 2019

Time Event
11:30 a.m. - 12:00 p.m. 
Registration
12:00 p.m. - 1:00 p.m. 

Lunch

Introductory remarks from Jennifer Pendergast, Executive Director of the Kellogg Center for Family Enterprise and John L Ward Clinical Professor of Family Enterprise

A Conversation with Wendy M. Nelson, Chair, Carlson Family Foundation.

Wendy Nelson, a 3rd generation family shareholder of Carlson Inc., will join us to share the story of her family’s evolution from her grandfather’s launch of the Gold Bond Stamp company 80 years ago to a family enterprise invested in restaurants, hospitality and travel to their latest incarnation as operators of Carlson Wagonlit travel and recently launched Carlson Private Capital Partners. Wendy will share the factors that influenced this evolution and how the owners are thinking about their future.


1:00 p.m. - 1:15 p.m. 
Break
1:15 p.m. - 2:45 p.m. 

Living Case: Duchossois Family Case Study: Continuity through Transformation

The story of the Duchossois Family is grounded in growth, transformation, opportunity and innovation. For over 103 years as a family business, they have enjoyed good fortune and have been blessed with outstanding leaders over the years. They have evolved from a hands-on holding company in multiple industries to one operating company, Chamberlain Group, a global leader in access solutions and products, and Duchossois Capital Management, an investment company. Building on their capability to sense, seize and structure opportunities, the family investment firm has repositioned capital to achieve diversity and liquidity. They have family alignment on both the operating and investment companies by actively engaging and seeking input from next generation leaders. Learning points from this case will include organizational structure, governance, dedication to family values and next “gen” development.

Craig J. Duchossois, Chairman and Chief Executive Officer, The Duchossois Group, Inc. 

Eric A. Reeves, Managing Director, Duchossois Capital Management LLC.

2:45 p.m. - 3:15 p.m. 
Break
3:15 p.m. - 4:45 p.m.  

Living Case: Steans Family Case: Family-in-Business to Enterprising Family

In 1994, seven years after the sale of USAmeriBancorp, the Stearns family launched Financial Investments Corporation (FIC) as their family investment vehicle. While providing formality and structure to their investment and wealth management, FIC also facilitated bonding of the family members in the absence of an operating business. Today the family investment office has significant assets under management with a professional private equity team structure. From inception, Financial Investments Corporation was focused on providing family members with the unique opportunity to make direct investments in diverse, privately held businesses setting their family office apart from many other family offices. FIC has also achieved success in recruiting and retaining talented equity industry executives.

Jennifer Steans, President and Chief Executive Officer, Financial Investments Corporation (FIC)

Ken Hooten, Partner, Concentric Equity Partners I, L.P.

4:45 p.m. - 6:00 p.m. 
Debrief session – led by Jennifer Pendergast, Executive Director of the Kellogg Center for Family Enterprises and John L Ward Clinical Professor of Family Enterprise

Interactive dialog to reflect on learnings from case studies, understand more about factors driving investments decisions, and share questions and concerns for the future.
6:00 p.m. - 7:00 p.m. 
Closing reception
mosaic bar

Logistics

Parking

Click here for directions to the Kellogg Global Hub. Valet parking will be available at the front entrance of the Global Hub. If you would like to self park, upon arriving, complimentary valet parking will be provided.

Where to Stay

A reservation block has been made at the Hyatt House in Evanston. More details to follow.

1515 Chicago Avenue, Evanston, Illinois, 60201
847.864.2300

Sponsors

EgonZehnder
Egon Zehnder is the world’s top leadership consulting firm, sharing one goal: to transform people, organizations, and the world through great leadership. Our Family Business Advisory team partners with families, owners, and managers in navigating their unique challenges of leadership, succession, and governance across generations. We work closely with family members and owners to create an environment conducive to driving the best people decisions in their specific context.
pwc
PwC has been serving families and supporting their legacy since our firm’s founding more than 170 years ago. Today, we work with more than 3,000 families helping to solve a wide range of challenges they face as individuals, in their business, and in the broader family enterprise. We have more than 2,300 dedicated professionals with deep knowledge and experience serving families, and offer a wide range of services to help families grow their business while protecting their wealth.