MANAGING WEALTH with purpose
Our process begins with gaining thorough understanding of clients goals and financial priorities. We then help to create a strategy designed to optimise wealth and identify the areas of specialist advice required.
Below you will find examples of the core areas of focus required by different families:
- Financial Independence. A core purpose for those still working is to achieve the ultimate goal of financial independence. The primary business or private equity holdings are key to wealth accumulation with tax efficiency and profitability of paramount importance.
- Retirement. Living the life desired without fear of running out of money is the primary objective for those who have already retired. Whilst for those still working creating an effective transition plan into the next phase of life is key.
- Legacy. Ensuring that family wealth stays 'in the family' and is aligned with philanthropic endeavours. Planning to securely, and tax efficiently, pass wealth down to future generations is a key focus for wealthy families.
- Risk. However much we try things don’t always work out as we would like. Evaluating and understanding the different risks that could arise across all areas and mitigating their impact is a vital aspect of protecting family wealth.
The key focus areas above necessitate bringing together a team of expert advisers suited to a family’s specific requirements. Whilst our financial life planning team will always sit at the core of each families advice needs, accountants, lawyers, insurance experts, private banking, money managers, business advisors and coaches will be required to fulfil the family’s advice requirements whether as a one off or an ongoing service.
We build advice hubs made up of advisors and service providers from different firms and organisations that work together as a team. Each advice hub is unique to each client family and is formed dependent on their needs and requirements over time.
Our Family Office Directors work closely with each family’s Financial Life Planning team and other Professional advisors to identify the scope and range of advice required, ensure any advice gaps are closed and that any areas of conflicting advice, should they arise, are resolved.
Through our tried and trusted process we provide a level of service and expertise that historically was only available to the wealthiest families.
Family Office Services
Our family office services are tailored to the individual needs of each family. Underpinning our service is a detailed process and structure, designed to deliver advice and counsel seamlessly and at the appropriate time. We start by getting to know our clients. Armed with a deep understanding of their needs, circumstances and challenges we create an integrated plan to coordinate all aspects of family wealth.
Expert Team Approach
Do you need a Family Office?
A family office service is not for everyone. Apart from an entry barrier in terms of wealth, clients need to be prepared to spend time engaging in the planning process. In our experience for those who do, the benefits become obvious very quickly. The decision to work with a family office is a personal one, especially given the long-term nature of the relationship. Our questionnaire should help.
Family Office Questionnaire