LIEFO – Breakfast Serie

Behavioural Biaises & Family Offices

Presented by Bernard Herman

Covered over 2 sessions

During our previous breakfast discussion, we learned about how behavioural biases impact SFO decision process in general.

In a context inhabited with biases, one difficult decision in the life of a SFO is about the allocation of its wealth between countless investment propositions.

For this session, we will play a simple game designed to understand the dynamic at work in

absence of any biases when having to decide how to allocate financial wealth between risky and non-risky assets.

During the next session of June 2026, we will introduce biases into the investment decision process.

Expected takeaway

These two breakfast sessions will help participants to :

– To get a sense of the dynamic of allocation of wealth between risky and non-risky financial assets;

– to identify potential conflicts of interest when delegating portfolio management to a third party;

– to recognize and mitigate impact of “framing” by “independent experts ” or financial press coverage;

– to organize oversight by SFO executives of portfolio management mandates to third

parties.