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What is family wealth management?
Family wealth planning and management is a specialised service that offers a comprehensive approach to maintaining, growing, and transferring wealth across generations, include private family funds. Working with experienced advisors ensures your family wealth is working as hard as possible.
Managing your family wealth and legacy
Your family’s wealth encompasses so much more than your financial capital.
It accounts for your family, not just you alone. And your capital is represented by more than just your finances; it also covers you and your family’s human and social capital.
We understand that your wealth isn’t measured purely by its monetary value. It should reflect and be measured by the influence that it can have in your lifetime, in terms of your legacy, the lessons it teaches those close to you, and even the social impact created by your philanthropy.
What can family wealth planning help you achieve?
We meet and work with families at many life stages, who have acquired their wealth in a variety of ways. They have individual values and attitudes to it, and different intentions and objectives for it. Yet our experience tells us that they typically face questions regarding the following:
- The point and purpose, or philosophy, for their wealth.
- The wealth goals and objectives they set at different stages in their lives.
- The approach they take to managing of their wealth.
Life becomes meaningful with purpose. Let your wealth philosophy bring purpose to your wealth.
These aren’t simple questions to answer. So, we aim to challenge the inertia or narrow preconceptions to enable you to take a richer and more considered view. You’ll find that the challenges of managing your own and your family’s wealth never stop, with the arrival of each generation renewing the cycle and passing on the responsibility. Working with a family wealth advisor helps you keep sight of your philosophy and goals.
Why work with HSBC family wealth advisors?
We work with multi-generational families all over the world, helping them to grow, manage, preserve and pass on their wealth effectively. And we help the next generation too. So, we can help you realise the philosophy for your wealth, your goals, and your objectives.
We do this across family governance and wealth succession; wealth structuring; investment management and passing on wealth; and working with future generations to secure your legacy.
We can help you find the solutions to a broad range of wealth planning needs, including the provision of appropriate structures that may include trusts, insurance arrangements, foundations and corporate structures. While our presence in multiple jurisdictions helps us to deliver solutions that can be tailored to your specific requirements as well as meeting the needs of international families.
Please contact us to receive ‘The Guide to Managing your Family’s Wealth’, and to learn more about the ways we can support you in managing your wealth, including discretionary portfolio management.