The main reason for families to engage a family office is control. The family office is used to manage your wealth once your wealth is so substantial that it is too complex to manage by yourself, when it takes up too much time or you just do not have the capacity and/or knowledge to manage it yourself. Or when several generations are (getting) involved.
The multi-family office will be your single point of contact, will support you with a broad range of (financial) issues and will represent the family in numerous situations in the outside world.
Read further or contact us now for more information about family offices.
From private banking to multi-family office services
During the years (or often decades) your wealth is built, your need for support in managing it will gradually grow. As a result of this development most families will first start to work with one private bank and only over time use more private banks in order to diversify their investment risk. In addition to banks a wealthy family often uses other (financial) professionals such as lawyers, tax advisors, trustees and accountants to manage or structure their non-financial assets, such as, for example, the family business, real estate, private yachts, aircraft, art collections and private equity. But working with a growing number of (financial) intermediaries will increase your own (administrative) work considerably as you have to communicate with all of them and often also have to coordinate between them.
Having attained a certain amount of wealth you will on the one hand spend all your time managing your wealth instead of enjoying it and on the other hand no longer be satisfied with the level of fragmented services provided. Or several generations are (getting) involved and it's increasingly difficult to find a common path.
A multi-family office acting as a single point of contact could streamline and coordinate all your worldwide (financial) affairs and your quality of life could increase considerably because of its services. You regain control over your assets.
The multiple roles of a family office
A multi-family office supports wealthy families with the management and organisation of their worldwide wealth and acts as the coordinator for most of their needs. As a result you no longer have to deal with various private banks and professional advisors yourself.
Leather Honey Leather Conditioner, Best Since 1968 (Half-Pint, 8 oz)
Automotive Parts and Accessories (Leather Honey Leather Conditioner)
Mens Unique Roman Numeral Fashion Design Quartz Analog Waterproof Wrist Business Casual Watch with Stainless Steel Case, 98ft 30M 3ATM Water Resistant, Comfortable PU Leather Band - Brown
Life is What Happens Between Coffee and Wine - Funny - 11oz Coffee Mug - Gift
Extra Large 7 Day 4 Doses A Day Travel/Home Pill Box Holder Dispenser Prescription Medication & Supplements Organizer with PU Leather Private Booklet Case-Each Compartment Fits 9 Fish Oils Vitamin D
Health and Beauty (Zzteck)
Sport2People Running Pouch Belt - iPhone 6 , 7 Plus Holder for Runners - Best Running Gear for Hands Free Workout - Fanny Waist Pack with Two Pockets - Water Resistant & Reflective Fitness Accessories