EFO Recruiting Advantage

A strong and innovative leader can make a tremendous impact on your family office and catalyze its long-term success.

EFO has provided senior leadership, advisory, and coaching support to family offices ranging from $100M into the multi-billions. We offer cost-efficient strategies to introduce top-tier thinking into your organization, including interim C-Suite roles. By providing leadership services in a flexible, on-demand capacity, we go beyond consulting to provide real, hands-on support for Family Office launches, transitions, daily operations and beyond.

Offerings

• For families needing full-time, C-level leadership
• Full-time COO, CFO, and Head of Residences roles
• Short-term, intensive support
• SFO launch and startup
• SFO restructuring and turn around
• Leadership transitions and succession
• System audits and improvements
• Recruitment and onboarding of C-level FTEs, including training, coaching, and mentorship

Recruitment Timeline

Profile & Process Development

• Position assessment
• Finalize position profile with client
• Agree on timeline with client
• Determine comp range and potential benefits package
• Determine client interview process to communicate to candidates

Candidate Qualification

• Candidate sourcing and vetting
• EFO NDAs
• Presentation of resumes to verify “on paper” alignment with client requirements
• Narrow down candidate pool

Candidate Interviews

• Case study interviews & true colors assessment
• Present 4-6 viable candidates & client NDAs
• Client interviews candidates
• Choose a final candidate with client

Contract Negotiation

• Agree on offer package & any special compensation
• Determine relocation needs
• EFO negotiates offer and contract
• Background check

Finalize Offer

• Finalize offer
• Candidate acceptance
• Set up technology, security, and physical space
• Prep all third-party advisors for candidate start (executive only)

Candidate Onbording

• Candidate onboarding support
• EFO support - regular check-ins with candidate & principal for 90 days.

Recruitment Fee Structure

The process described in this deck is EFO’s Retained Search. Based on the strong retention rates of our placed candidates, we believe this vetting process has proven to be the most effective. The Retained Search tests the candidate’s ability to remain patient throughout a longer-than-normal interview timeline, and it allows us to evaluate their formal and informal communication styles. We also advise on candidate compensation packages and guarantee the placement for six months. The commission fees are calculated using a standard percentage model of 30% of the first year’s total compensation. The commission is broken down as follows:

1/3 of the fee is due upon a fully executed contract, non-refundable.

The second 1/3 is paid when clients are presented with the first selection of qualified candidates, nonrefundable.

The remaining 1/3 is due on the candidate's first day of employment.

Referral Search

Referral Search option is our version of a contingency search. While we offer this service, we do not think it allows for the detailed vetting that our Retained Search provides. Therefore, we do not guarantee placements under this contract. The cost of a Referral Search is broken down as follows:

A $2,500 administrative fee is paid to view candidate offerings

If a candidate is hired, 15% of the candidate's total compensation is charged for the placement