Growing wealth alongside a growing family doesn’t have to bring growing worries. A Family Office can take the strain.
We believe that a family should maintain close control of the governance of its Family Office. To do this, your family will need to establish the strategic goals and objectives for the activities to be undertaken by the Family Office, create a clear mandate and control framework for the delegation of tasks, and keep a close eye on its activities and the results achieved.
In our experience, before establishing a Family Office, your family should carefully consider the need for one and its scope, before creating a plan for its governance, oversight and management. Making sure this is in line with the long-term vision for the management of the family’s financial assets and affairs, and will be run as part of the infrastructure for the management of the family’s wealth.
Together with its many advantages, a Family Office potentially creates new roles for certain family members and brings about considerable responsibility.
If you are considering setting up your own Family Office, we can help you understand the range of options, what is involved and how to reach the outcome that’s best for you and your family. We can help you to design and implement a Family Office and support you with a range of services to make sure it operates smoothly.