9/11/2017 - BKD · 2018-07-21 · 9/11/2017 2 TO RECEIVE CPE CREDIT • Participate in entire...

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bkdfamilyoffice.com

September 12, 2017

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TO RECEIVE CPE CREDIT

• Participate in entire webinar

• Answer polls when they are provided

• If you are viewing this webinar in a group Complete group attendance form with

• Title & date of live webinar• Your company name• Your printed name, signature & email address

All group attendance sheets must be submitted to [email protected] within 24 hours of live webinar Answer polls when they are provided

• If all eligibility requirements are met, each participant will be emailed their CPE certificates within 15 business days of live webinar

Presentation for BKD CPAs and AdvisorsSeptember 2017

Protecting What Matters: Security Practices for You and Your Family

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• Evolving Security Challenges • How Family Dynamics Can Contribute to Risks• The 5 Strategic Principles of Family Security Risk Management• The Most Common Security Concerns for Private Clients and

Family Offices• Trust + Privacy: The Cornerstones of Family Office Security • The Value of a Strategic Advisory Relationship• About Hillard Heintze

AGENDA

HILLARD HEINTZE © 2017 | Protecting What Matters®

April 14, 1865: Prevention steps onto the national stagePresident Lincoln takes action to prevent the destruction of our nation’s financial infrastructure – and creates the U.S. Secret Service.

Lincoln and his wife head off to the Ford Theater to see the production of “Our American Cousin.”

A DAY OF CRISIS AND CHANGE


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Lessons are learned but at high costs to three senior executives – and the nation.

OUR NATION’S PATH TO PREVENTION

LINCOLNApril 14, 1865

GARFIELD July 2, 1881

MCKINLEY September 6, 1901



September 11, 2001March 30, 1981June 6, 1968

MY PATH TO PROTECTING WHAT MATTERS

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INTRODUCING MIKE WHITE

Vulnerabilities• Information security• Travel and transportation• Physical and technical security• Screening practices• Denial and lack of awareness• Reactive approach to crises• Lack of family emergency plan• No trusted security advisor

Threats• Cyber threats• Family use of social media• Identity thieves• Insiders• Emotionally challenged• Terminated employees• Organized criminals• Corporate espionage• Disgruntled investors• Troubled family members

Risks• Identity theft and data loss• Targeted violence• Stalking/kidnapping• Fraud• Extortion• Reputation• Physical violence• Loss of privacy• Natural and man-made

disasters

The world we live in today


EVOLVING SECURITY CHALLENGES FOR PRIVATE CLIENTS

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• Size of the family

• Distribution of members across generations

• Privacy, risk and convenience preferences

• Family culture: singular, dominant and consistent or fractured and disparate

Security is influenced by many factorsHOW FAMILY DYNAMICS CAN CONTRIBUTE TO RISKS

• Wealth transfer or sharing events

• Strength and charisma of the family’s leadership

• Degree of dissent and internal conflict among family factions

• Maturity and resilience of Family Office governance

• Decision-making procedures and protocols


Prevention Integration AgilityEnablement Assurance

Proactive vs. reactive approach

Across people, process and technology

In line with family

objectives

Rapid response to change

Confidence and risk

management

THE 5 STRATEGIC PRINCIPLES OF FAMILY SECURITY RISK MANAGEMENT

Effective family security must reflect all five


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Understanding the risks of cyber threats, social media and the internet

• Minimizing cyber vulnerabilities

• Strategic and tactical guidance to establish a solid foundation

• Protection of your most essential data

• Tracking of open-source intelligence to assess threats to the family

• Flag negative references or comments

• Immediate escalation when issues of concern are identified

MOST COMMON SECURITY CONCERNS FOR PRIVATE CLIENTS AND FAMILY OFFICES


Social Media MonitoringEducating children on the dangers of social media and the need for privacy

CASE IN POINT – SILICON VALLEY

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Managing threats to the family• Investigation of concerning behavior or threats

• Assessment of the potential for violence

• Increase security and coordinate with law enforcement as needed


Threat + Violence Risk Management

CASE IN POINT – CHICAGO’S NORTH SHORE

Evaluating whether a daughter’s estranged boyfriend’s behavior signaled a potential for violence

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• Due diligence and background screening

• Separation of duties for sensitive tasks

• Digital and electronic monitoring, covert surveillance

Protecting the family

MOST COMMON SECURITY CONCERNS FORPRIVATE CLIENTS AND FAMILY OFFICES



Death Threat

Taking immediate action to keep an extremely dangerous bipolar ex-husband from taking his former wife’s life

CASE IN POINT – PACIFIC NORTHWEST

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Protecting residences and developing family emergency plans

• Employ best-in-class technical and physical security measures to safeguard the residence

• Ensure redundancy in communications channels

• Establish connectivity between residence and corporate security operations center, if possible



Residential Security Assessment CASE IN POINT – DALLAS, TEXAS

Providing a family with confidence in the security and safety of their home

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Managing risks during travel –and fundamental precautions

• 24-hour on-call support

• Crisis response

• Threat monitoring

• Social media intelligence

• Travel risk advisory




CASE IN POINT –TRAVEL TO HIGH RISK AREAS

Global Faith Leader

Evaluating threat landscape, providing protective intelligence and 24/7 security for the protectee

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Trust + Privacy Security risk management for our private clients and family offices calls for a highly personalized approach that respects the lifestyle and privacy of those who trust us to protect what matters.

THE CORNERSTONES OF FAMILY OFFICE SECURITY



Immediate access to trusted counsel

Transactional vs. advisory services

THE VALUE OF A STRATEGIC ADVISORY RELATIONSHIP

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As a leading security risk management and investigations firm in the United States, Hillard Heintze protects people, performance, interests and reputations. Our core practices – Security Risk Management, Threat + Violence Risk Management, Private Clients + Family Office Services, Investigations, and Law Enforcement Consulting – provide insight, deliver assurance and instill confidence worldwide.

ABOUT HILLARD HEINTZE

Six elements differentiate our firm from others:

1. Ability to listen

2. Agility in response

3. Acute focus on prevention

4. World-class experience and expertise

5. Communications excellence

6. Exceptional value

ABOUT HILLARD HEINTZE


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Arnette HeintzeChief Executive Officer

Michael WhiteSenior Vice PresidentPrivate Client + Family Office Services

Howard F. Fisher, Esq.Senior Vice President, Strategic Relationships

QUESTIONS AND DISCUSSION


www.hillardheintze.com

The information contained in these slides is presented by professionals for your information only and is not to be considered as legal advice. Applying specific information to your situation requires careful consideration of facts & circumstances. Consult your BKD advisor or legal counsel before acting on any matters covered.

BKD, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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CPE CREDIT

• CPE credit may be awarded upon verification of participant attendance• For questions, concerns or comments regarding CPE credit, please

email the BKD Learning & Development Department at [email protected]

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