60-second interview with Kevin Algar

Kevin Algar, 8/7/2019

Kevin Algar TEP is President and CEO of GENn Family Office, based in Calgary, Canada.

What is your role within your firm?

I am President and CEO of GENn Family Office Ltd.

How did it feel to win a STEP Private Client Award in 2018, for Multi-Family Office Team of the Year?

At first I was in shock, proud of our team, and humbled to be selected as a winner among the outstanding STEP Private Client Award nominees.

Why is winning a STEP PCA important to your firm?

This is a win we can talk about. We are a boutique firm and most of our wins are confidential. Winning a STEP PCA award is a public recognition that confirms GENn is on the right track. It enhances the credibility of the team and our approach.

What are the main challenges facing your organisation at the moment?

Our challenges are related to those of our clients, and the most difficult involve family dynamics. This is the core of our work and probably where we have the biggest impact.

How will you deal with these challenges?

We support continued training as well as learning by sharing past situations, strategies and solutions.

What do you like best about your job?

I love dealing with our families and crafting custom solutions for them.

.. and what do you feel is most worthwhile?

The most worthwhile part of our job is seeing positive results for families in any area, including finances, governance and relationships.

What would you say to a young person thinking of a career in this industry?

There is a bright future for young people pursuing a career in the field of succession planning and family inheritance. We view creativity and emotional intelligence as crucial attributes for all our practitioners. In addition, they should possess, or be willing to pursue, appropriate professional qualifications.

Where do you see future growth, both in terms of sectors and jurisdictions?

Because our firm responds to a family’s needs, interests and requests, we inevitably end up expanding to new sectors and jurisdictions in unforeseen ways. Our key goal is to remain open-minded, flexible and responsive.

Which social media channels do you use?

Our focus is on providing services to families, and social media doesn’t seem to be a pressing issue for them or for our team, including those from the millennial generation.

Kevin Algar TEP is President and CEO of GENn Family Office Ltd, based in Calgary, Canada.