Multi-Family Office (MFO) Services
Family offices were first created to manage the wealth and resources of successful families during the Industrial Revolution. This structure provided these families with comprehensive management and oversight of their resources in the most strategic and discreet manner possible. By centralizing management, these families were sure they had the oversight and skill necessary to preserve and grow their family’s wealth.
Approach
The multi family office takes the resources typically found in a dedicated family office and provides them to a small group of wealthy families. Designed for affluent families that need a “big picture”, objective consultant that will help preserve and leverage their wealth over multiple generations. We view the family as an operating business containing many different divisions and operations. We use a multi-disciplinary approach to provide personalized services for the family’s total financial well-being.
Multi-Family Services
With the client we work to identify their objectives and create a family business strategy. As an adjunct we can facilitate the creation of a family vision and mission, provide family education, and help ensure an enduring legacy.
The execution of the strategy requires centralization and integration of the following disciplines:
- Global asset allocation and portfolio construction
- Investment manager selection and monitoring
- Tax planning
- Wealth transfer and preservation strategies
- Integrated estate planning
- Fraud and identity theft detection
- Risk mitigation and insurance needs analysis
- Identification of new opportunities
- Cash Management & Budgeting Advice
- Portfolio management and performance reporting
- Charitable and Philanthropic Planning
- Family Counseling and education
- Facilitating family meetings
- Retirement planning
- Bill Payment services
Benefits
Some of the benefits of working with our Multi Family Office are:
- A single resource that can oversee and coordinate the services of financial and other experts providing clients with comprehensive and fully integrated advice.
- Objective unbiased financial advice, there is no sales pressure or proprietary investment products.
- Creative solutions to personal and financial issues.
- Advice from a professional team with diverse backgrounds.
- Proactive and personalized advice to your unique situation.
- Delivery of “best of breed” money managers, insurance, loans etc...
- Negotiated cost savings that are passed onto the client.
Expertise
We have access to highly trained veteran financial planners, accountants, attorneys and business innovators as well as other professionals necessary to provide the highest level of personalized services and legal expertise in the highly complex area of wealth preservation and transfer. We provide specialized planning in advance of a significant event such as a public offering or the sale of a business. These situations provide unique opportunities for the informed individual to safeguard and preserve their wealth before incurring a significant taxable event. Our experts can assist in structuring the transaction and setting up the proper trust or legal entity that will assure a smooth transfer of the business while providing the maximum net gain for the client.
Compensation
We are FEE-ONLY Financial Advisors. Our fee-only approach (no commissions on any transactions) ensures that our advice is impartial, honest, and completely objective because we have no pressure to sell any products or services. As a Registered Investment Adviser, we have a fiduciary responsibility to act with utmost good faith and to put our client’s interests ahead of our own.
Contact us for a free, no obligation, consultation to discuss your families situation.