Personal Wealth Manager / Family Office Services

At the heart of any family office is investment management and financial oversight, but as your family office we can provide a number of other services, ranging from training and education to ensuring that best practice is followed in family governance.

Financial Planning
Investment Management Services

Typically, this will be the main reason for setting up a family office, as it is central to ensuring wealth preservation. These services will include:

Philanthropic Management

An increasingly important part of the role of a family office is managing its philanthropic efforts. This will include the establishment and management of a foundation, and advice on donating to charitable causes. These services would typically involve:

Life Management and Budgeting

Some of these services are typically defined as “concierge” in nature, but they are broader in scope, inasmuch as they also include budgeting services. Services under this heading will include:

Strategy
Business and Financial advisory

Beyond the asset management advisory as your family office we will also assist in providing advisory services on financing and business promotion. These will include:

Estate and Wealth transfer

As your family office, we will be involved in business succession and legacy planning along with your legal team, enabling the transfer of wealth to the next generation. These services will include:

Training and Education

Much of this revolves around the education of the next generation on issues such as wealth management and financial literacy, as well as wider economic matters. These services will include:

Reporting and Record Keeping

The maintenance of records and ensuring there is a strong reporting culture is another core part of a family office’s services. Key to these services is:

Administrative services, or back-office services

These are essential to the smooth running of a family office. These services will include:

Advisory
Tax and Legal Advisory

As your family office we will work with your legal team and your accountants and tax experts. Together we will provide the following services:

Risk Management and Insurance Services

This is a service that has assumed a more important role in recent years because of the financial crisis of 2008–09 and the subsequent fallout. It will be a crucial service for family offices in the future as well. These services will include:

Personal Wealth Manager / Family Office Services Fee Schedule
Hourly Fee
$300 / hour Minimum
Fixed Annual Fee
$25,000 Minimum
Percentage of Net Worth Fee
0.18% to 0.48%
Retainer Payable upon Commencement of Agreement
25% of estimated total cost or annual fee
Minimum Fee
$25,000