Family Office services are clearly established in today’s world as the optimal basis on which to bring the financial, commercial and legacy aspirations of a High Net-Worth client and his family to the market-place.
A Family Office pulls together the skills of relevant professionals and aggregates them around the needs and vision of the client, the Founder, for the short-to-long term objectives of his family. There is no ‘typical’ Family Office: it is a truly bespoke service which sets out to accomplish these generational objectives.
Our Family Office Services therefore usually comprise the direct and on-going involvement of one or more of our Partners, as well as financial, economic, legal, accounting and administrative support from within our Family Office Services Team.
Our High Net-Worth clients use a Family Office structure which will include one or more of the following services:
Each family determines which of these services is best delivered internally or through external advisors. The family generally holds annual (or more frequent) planning and reporting meetings involving our FOS Team and representatives from any other service providers.
The Family Office structure starts with an articulated set of purposes. The purposes we see often include:
A Family Office achieves these objectives by a variety of means and these will often include:
The Family Office agenda will also include critical but seemingly mundane issues such as:
Family Office Services seek to achieve an all-encompassing solution to the multi-faceted issues inherent in the lifestyle, business and personal, of the super-wealthy individual. There is therefore a premium payable for the reputational value, economic muscle and tariff-discounting power for such a HNW client, which our Family Office Services Team provides by representing the client in its relationship with financial institutions, business partners, and the HNW client’s friends and wider family.