Why Set Up a Family Office?

Setting up a family office offers numerous benefits, primarily centered around the customized management of your wealth and lifestyle. With a dedicated family office, you can achieve the following:

Wealth Preservation

Safeguarding your wealth against market volatility and unnecessary risks is a cornerstone of a family office. This involves strategic investment management and estate planning to ensure long-term financial security.

Lifestyle Management

From travel planning and property management to overseeing personal projects and family activities, a family office ensures all aspects of your lifestyle are managed seamlessly.

Consolidated Reporting

A family office provides a holistic view of your financial landscape, integrating all assets and liabilities into a single, comprehensive report. This aids in better decision-making and financial clarity.

Tailored Technical Advice

Whether it’s legal, tax, or investment advice, family offices offer expert guidance tailored to your specific circumstances.

Critical Thinking and Customized Solutions

Each family’s needs are different. A family office approaches problem-solving with a mindset that aligns with your family’s values and goals, offering customized solutions that are not one-size-fits-all.

High-Level Personal Attention and Discretion

Privacy and personal attention are paramount. Family offices provide a confidential and discreet service, ensuring that your family’s affairs are handled with the utmost discretion.

We have nearly 60 years of experience working with global affluent families, investors, multigenerational families, business owners and executives, single and multi-family offices, professional athletes, entertainers, and non-profits.

We also offer family office consulting services to help both start-up and experienced offices with best practices, internal controls, family governance, cybersecurity, litigation support, and more.

For decades, we’ve been developing a team of seasoned financial professionals and accountants with family office experience whose skills and caring service are unmatched.

Who is ensuring that your team’s efforts align with your goals?

Your life can be complicated… investment management, structuring your philanthropy, tax planning, residential and vacation home ownership and construction, structuring a new boat or airplane purchase, P&C and life insurance, and risk management. There may be scores of professionals managing your business activities, in addition to your personal employees.

In order to gain a deep understanding of your unique challenges and family office structure, our team begins their assessment by asking lots of questions. The better we understand your one-of-a-kind situation, the better we can help.

We then apply our experience and proven methods to create seamless, secure, organized, personal information and processes to meet your family’s accounting, finance, and operational needs.

Many of us come from single- or multi-family offices, so we understand the level of service you expect and deserve.

Multi-Family Office: A Collaborative Approach to Wealth Management

A multi-family office (MFO) provides a shared platform where multiple families can benefit from the same level of professional financial management and personalized service as they would with a single-family office. This collaborative approach offers several distinct advantages:

Cost Efficiency

By sharing resources, families can access high-end financial services and expertise at a reduced individual cost, making it more cost-effective than maintaining a solo family office.

Diverse Expertise

Multi-family offices typically employ specialists in various fields such as tax planning, estate management, and investment strategy. This diverse expertise ensures that all financial angles are covered, providing more comprehensive support to each family.

Peer Learning and Networking

Families in an MFO setting can benefit from the experiences and practices of other wealthy families. This environment fosters an invaluable exchange of ideas, experiences, and networking opportunities that can enhance decision-making and create new opportunities.

Tailored Services for High-Net-Worth Families

High-net-worth families face unique challenges that require tailored solutions. Our family office services are designed to address these needs through:

Complex Asset Management

Management of diverse assets including international investments, real estate portfolios, and private business interests.

Advanced Tax Optimization

Use of sophisticated strategies to minimize tax liabilities, especially important for families with assets in multiple jurisdictions.

Enhanced Privacy and Security

Ensure that all family transactions and investments are handled with the utmost confidentiality and backed by robust security measures to protect assets and privacy.

Is your family office safe from fraud?

Family offices often lack the policies and procedures that can help safeguard them from internal fraud. The culprit could be a rogue employee or even a previously trustworthy employee who has had a life-changing event with significant financial implications, such as the death or disability of a spouse or a divorce.

We can help you navigate the process of establishing internal controls to protect your office against theft and fraud. An in-depth analysis can help to identify areas of weakness and concern. We then provide recommendations that, if properly implemented, can help your family office operate efficiently, accurately develop internal and external financial reports, and comply with applicable laws and regulations.

Our family office services include: