WHAT IS A FAMILY OFFICE
Family offices are a type of wealth management service for high-net-worth families and their assets.
What is a family office?
The concept of a family office has been around for centuries, but the modern family office is a relatively new concept.
They allow high net worth families to ensure that their family’s wealth is managed efficiently and effectively, while also preserving family values and business for future generations.
The family office concept can range from traditional single family offices to multi-family offices and offers a variety of services such as investment and property management, family governance, succession planning, tax planning and lifestyle services.
A family office provides a dedicated team of professionals to manage the family’s financial affairs, which can include an in-house lawyer, personal assistant and property management.
By outsourcing family office services, wealthy families can benefit from the expertise of financial institutions and the management of complex financial matters.
With the right family office, you can ensure that your family's values and goals are met and that your family's wealth is protected for generations to come.
The benefits of a multi family office.
The benefits of a multi family office A multi family office (MFO) is a type of family office that serves many families, as opposed to a dedicated single family office, which serves one wealthy family.
Outsourced family offices are available to affluent families who don’t have the resources to establish their own family office.
In addition to traditional family office services, a multi family office can offer outsourced family office services, such as an in-house lawyer, personal assistant, dedicated team and complex financial institutions for managing family wealth.
Multi family offices are ideal for wealthy families who need assistance managing their assets, personal affairs and family business. They provide a level of personalised service and attention that many traditional family offices cannot offer.
With a multi family office, family members can benefit from the expertise of a dedicated team that understands the family’s values and financial goals.
They can also benefit from the support of a team of experts who can provide guidance on managing household staff, property management and travel arrangements.