Chief Family Officer

The Chief Family Officer (CFO) is a highly engaged empathetic and visionary leader for the Luck Family Office (LFO) and serves as a key partner to 3 generations of Luck family members as well as the Luck Companies. This is a unique multifaceted role for a financial executive with a verifiable track record of successfully leading an accounting and/or business consulting firm or division and who possesses a keen business acumen as well as a strong background in tax strategy wealth management and business advisory services. As Chief Family Officer (CFO) you will manage the familys as well as the Luck Companies tax strategies the Luck Family estate planning & trust administration investments insurance management and philanthropy while also serving as a trusted advisor to help family members grow personally and professionally.

You will also serve on the Strategic Leadership Team of Luck Companies and lead all tax functions for the Luck Companies including planning strategy and compliance. Additionally you will act as a thought partner to the Luck Companies Chief Financial Officer on banking and investment relationships company benefits and other strategic financial matters.

The ideal candidate will have significant experience in tax planning and working with high networth individuals as well as a variety of closely held middlemarket businesses and Scorporations with a demonstrated ability to advise on complex financial matters. However this role goes beyond financeits about empowering the Luck Family to become their best selves. The true opportunity lies in guiding family members through personal growth leadership development and achieving their fullest potential. The position offers extensive training in ValuesBased Leadership and other personal growth areas. The CFO will have the opportunity to attend pivotal training in family dynamics cohesion governance and family systems. Furthermore this role provides the rare opportunity to join a select global community of Family Officers offering access to a network of likeminded leaders who share insights and best practices fostering both personal and professional growth. This ensures that the CFO is fully supported in realizing their personal and professional potential.

This is a rare opportunity to make a lasting impact on both a family and a business by aligning financial expertise with a commitment to personal development. If you are excited by the chance to shape a familys legacy and contribute to its longterm success while growing personally and professionally this role offers an unparalleled opportunity for leadership and growth. The current CFO will be retiring after 18 years of service when their successor completes the orientation and onboarding process. Once the new CFO has fully transitioned into the role they will report to Charles Luck IV the LC CEO.

We are working with Claire Patrick to screen and recommend candidates. Claire is the Managing Partner of Patrick & Associates. Please feel free to send your resume directly to Claire

Chief Family Officer Responsibilities:
The CFO will manage a staff of 8 7 tax and accounting professionals and an Executive Planner) and day to day operations of the Luck Family Office (LFO); quarterback all external advisors providers and vendors ensuring bestinclass service. The CFO will serve as a trusted advisor and sounding board to all Family members on family office financial business and personal matters upon request. She/he will bring new ideas and best practices to the LFO through networking benchmarking and continuing education. The CFO should leverage a strong tax background preferably as a tax CPA or lawyer and 15 years managing a business/consulting staff. Deep and integrated knowledge of accounting and reporting policies and procedures tax compliance and tax law trust concepts and accounting/banking procedures.

Specific responsibilities are outlined below by functional area:

Leadership Cohesion and Culture
Promote a positive image of the Family in accordance with their values and culture by adhering to the highest level of integrity and ethics and by maintaining professionalism and technical knowledge.
Collaborate with Family leadership to set the strategic direction and priorities for LFO. Update and inform the Family as appropriate of progress on goals projects issues and opportunities and make them aware of any potential setbacks. Adapt pivot and make recommendations regarding family office services priorities and advisors as the needs of the Family evolve and change over time.
Adhere to strict confidentiality regarding all aspects of the Family their affairs & the LFO. Promote a culture of discretion within LFO & in all external exchanges fostering the preservation of Family culture wealth heritage legacy cohesion and unity.
Understand each Family members personal values needs and goals as a trusted advisor and respectfully challenge Family members to achieve their goals and maximize their potential. Provide counsel guidance and education to Family members distilling complex concepts in an understandable manner to promote wellinformed sound decision making.
Act as a player coach modulating between leadership high level strategic work detailed tasks and client service. Proactively identify Family member and office needs innovatively solve problems and recommend alternative solutions along with the related risk and reward and then implement the chosen alternative.
Lead and facilitate Luck Family Strategic Planning Meetings and execute any required followup. Conduct update calls with each G4 Family member every couple of months and travel to see G4 Family members periodically. Mentor educate and prepare the next generation of Luck Family members (G5.
Promote a culture of selfawareness curiosity continual feedback and continuous improvement in the LFO. Manage performance review process and all human resource issues so employees receive regular feedback and maintain the highest level of professional standards and ethics.
Interface with Family members and staff communicate objectives expectations and deliverables clearly. Promote transparent communication trust cooperation and mutual respect for all Family members and staff.
Propose and manage the family office budget.
Visit Company locations and attend business unit strategic planning sessions.
Act as a resource to LC customers who are family owned businesses and provide advice counsel resources and direction as requested.
She/he must thrive in an environment of continuous feedback and improvement to pursue excellence and innovation and ultimately celebrate success. They must be selfaware and possess a passionate desire to be a better human and to influence others to be the best version of themselves. She/he must be curious a lifelong learner creative and entrepreneurial.

Company and Family Income Tax Strategy and Compliance
Oversee all tax planning strategy and compliance for LC and the Luck Family which includes multistate and international tax issues.
Serve as the tax strategist for LC collaborating with the CFO including planning and strategy for real estate exchanges.
Support the LC finance tax functions for payroll sales tax fringe benefit reporting tax credits and anything tax related.
Oversee the internal staff in preparing LC tax returns and manage the external tax advisor in the review of the LC tax returns.
Assist with tax strategy related to company acquisitions and support the seller with thought leadership when requested.
Proactively plan as Luck family members lives evolve and educate family members on new strategies and possibilities.
Supervise internal tax staff in preparing the Luck Family member tax estimates and returns (individual and related entity tax returns trust partnership foundation gift and estate) ensuring returns are accurate and audit ready. Manage external tax advisor in the review of the Luck Family tax returns.
Serve as a resource to customers on tax planning and strategy.

Financial/Estate Planning and Trust Administration
Lead and partner with trust and estate advisors to ensure the best strategies are recommended in the generational transition of assets.
Educate Family members regarding their trusts the related provisions and the mechanics of the trusts. Ensure that trustees and beneficiaries are compliant with the terms of the trust and understand the fiduciary matters.
Deliver comprehensive financial plans for Family members which include cash flow planning and charitable giving to clarify their financial position and facilitate
achievement of personal goals. Support Family member grantors beneficiaries and trustees to structure trusts to align with Family members goals with clear provisions.
Act as an agent for the Family by reading all legal trust and related documents ensuring they are aligned with the Family members intentions goals and philosophies.
Facilitate trustee and trust protector succession planning and assist Family members in vetting external trustees as requested.
Shepherd estate administration and estate settlement as needed.
Support Family members with their personal financial affairs including major asset acquisitions and bill pay.
Assist Family members with personal legal issues such as prenuptial agreements and contract document and agreement review serving as their advocate.

Life Insurance and Investment Management
Manage invested variable life insurance monitoring their value and the premiums apprising Family members and making recommendations.
Lead and support Family Investment Committees for each entity and Family member to ensure compliance with its investment policy statement and asset allocation. Monitor investment performance optimizing returns while managing risk. The CFO is a member of the Investment Committee.
Assist Family members in developing and refining their investment philosophies and asset allocation strategy and overall investment decisions.
Implement investment decisions effectively structuring new investments from a tax and wealth transfer planning perspective.
Supervise regular financial reporting for individual Family members and their related entities and share with family members and trustees as appropriate.

Insurance Property & Casualty Personal and Commercial Travel
Oversee all liability property and casualty insurance policies updating policies for all purchases sales and claims.
Monitor over 75 individual policies covering vehicles watercraft homes collections and memorabilia and over 50 policies related to life medical and travel insurance.
Review each Family members coverage annually to ensure best in class coverage and their ability to navigate difficult claims.

Philanthropy and Stewardship
Serve on the Board of Luck Company Foundation and help family members develop & execute their philanthropic vision.
Report to the LCF Board quarterly on investment performance grant making parameters and grant impact.
Ensure LC/Family compliance with federal state and local tax laws and other regulatory requirements to avoid penalties and maintain exempt status.
Review all foundationrelated legal documents and agreements ensuring alignment with the vision and direction of LCF and/or Family philanthropy.
Serve as the Treasurer on LCF and Family foundations supervising the of grant requests and the related backoffice operations.

Location: Richmond Virginia (Relocation offered in accordance with company policy)

Required Experience:

Chief