What is a family office?
What can I expect from a family office?
Once a family acquires a certain level of wealth, members can find themselves tied up with wealth management, unable to enjoy their assets and with no time to spend on what is really important – other members of the family. They also run the risk of engaging numerous different advisers, thereby incurring high costs.
Family office services are ideal for people whose family assets are complex due to their nature (companies, property, aircraft, yachts, etc.), size or location (often spread across a number of countries) and who wish to sustain the value of their assets in the long term and to pass them on to future generations.
Family offices have a dual purpose: they work to maintain harmony within the family while also protecting and growing the family’s wealth.
The main benefit of a family office lies in the team of advisers and specialists who work side by side, hand in hand, so that the office has a complete vision of the family’s assets and becomes a single point of contact for managing their affairs.
Every family is unique and consequently family office services are always bespoke. There is no “one size fits all” solution.