Family Office

Bespoke solutions for ultra high net worth families to help preserve, accumulate and transfer wealth across generations.

  • What are Family Offices? Family Offices are specially tailored solutions for the ultra high net worth families to help them preserve, accumulate and transfer wealth across generations. They also provide significant focus on maintaining strong family values. Families usually engage a Family Office when their assets have grown to a size where full time professional management is required or could be beneficial.
  • Why should I establish a Family Office? Our professionals will help a family identify the family’s goals and lifestyle requirements to meet the family’s objectives. They will work directly with the family, their trusted advisors and other professionals to create tailored structures (e.g. Private Trust Companies, Purpose Trusts, etc.) that will provide for the orderly succession of wealth to the next generation. They will assist families in preparing budgets and other financial reporting including consolidated annual statements on the family’s global holdings. Family Offices are designed to take the stress out of the lives of family members and our professionals will assist from making travel arrangements to helping with family history archiving.
  • How can I establish a Family Office? The decision to engage a Family Office is an important one particularly since it is likely to be a long-term relationship. This service therefore requires that clients complete a comprehensive assessment of his/her family’s needs and objectives.
  • Family Advisory: This is the first step in the process of identifying the family’s goals and lifestyle requirements. It may involve coordination of existing professional advisors including lawyers, tax accountants, investment and insurance advisors and working closely with the family advisors to ensure that the family’s objectives are met.
  • Wealth Management: Having identified the family’s complete financial and lifestyle requirements, the next step in the process is to develop an integrated plan for the family’s complete financial affairs. This may include investment management, proactive tax planning and estate planning that would assist the family is sustaining and transferring wealth across generations while at the same time placing significant focus on maintaining strong family values.
  • Financial Management: With a clear understanding of the family’s financial management needs, periodic cash flow projections and budgets can be prepared to help the family fully assess its spending requirements. Other periodic consolidated reporting may also be prepared to enable the family to build sound strategies and to achieve its objectives.
  • Concierge: Considered as the must have with any family office, the Concierge is designed to take the stress out of the lives of the family members. From making travel arrangements, to paying household staff, to buying art or collectible items, to managing homes, yachts or planes, and even providing help with family history archiving. The Concierge increases the lifestyle quality of any family.