Family Office Services

Our people understand the challenges and have unrivalled experience. Our dedicated Family Office Services team brings the power of our offering across all our fund, private wealth and corporate segments globally. We work alongside family offices, and importantly the families they serve, to build a framework that can adjust and adapt as required.

Our unique technology is founded on IQ-EQ’s groundbreaking Cosmos platform. It provides a secure and bespoke online dashboard that captures real time data and turns it into intelligent and consolidated reporting, giving you a holistic view of your valued families’ combined multi assets including including secure title and custody, asset transaction management, debt administration, treasury, bookkeeping and accounting, financial statements, NAV reporting and performance monitoring.

We can bring you our wealth of experience in servicing every asset class. We understand the need to diversify your families’ wealth including increased allocations to alternative multi assets. We have deep expertise in servicing alternative asset classes including;

• private capital
• venture capital
• luxury assets
• real estate
• hedge
• infrastructure
• debit and credit administration across multiple jurisdictions

Specifically we can take care of all your outsourced administrative, compliance, back office needs, reporting and holding structure requirements. Ranging from servicing your investments and full balance sheet across the different asset classes globally, to helping with your asset protection and succession. This can include:

1. Multi-Asset Class Specialist Administration & Reporting
2. Risk Management, Compliance & Reporting
3. Governance, Fiduciary & Asset Holding Structures
4. Executive Incentivisation & Reporting
5. Luxury Assets & Lifestyle
6. ESG & Philanthropy
7. Legal & Tax Advice
8. Investment Management & Asset Allocation

Family offices are privately held firms that serve as wealth management advisory services for ultra-high-net-worth individuals (HNWI). Unlike traditional wealth management, they offer an end-to-end financial management and investment solution for wealthy individuals or families. Family offices often manage taxes, wealth transfer, charitable giving, insurance, budgeting, and investment services under the guidance of one firm.

Family offices can invest in assets directly or in funds or co-invest with other families, depending upon the family’s appetite for risk and expected rate of return.

Family offices are usually paid via a management fee, or a percentage of the return on investments made on their clients’ behalf.

The first step in starting a family office is to clearly define the office’s goals and create an organisational structure. This process is much like establishing any other business entity, where the underlying structure is the first required step. Next, decide whether you will establish the family office in-house, with family members in charge of the office, or hire a third party to provide basic services. Finally, decide which assets will be managed by the office and which will be managed separately.

The first step in starting a family office is to clearly define the office’s goals and create an organisational structure. This process is much like establishing any other business entity, where the underlying structure is the first required step. Next, decide whether you will establish the family office in-house, with family members in charge of the office, or hire a third party to provide basic services. Finally, decide which assets will be managed by the office and which will be managed separately.

In general, there are three types of family offices:

• Single-family offices, which manage the wealth of an individual or multiple members of one family
• Multifamily offices, which manage the wealth of multiple families who wish to collaborate
• Virtual Family office, consists of a group of professionals which manage the wealth of multiple families. They usually work in silos

These entities are usually limited partnerships (LTD) or limited liability companies (LLC).

Credit Suisse estimates between 6,500 and 10,000 family offices globally, with approximately $4.2 trillion in assets under management.

Family offices invest in a wide range of assets, including liquid assets, private equity, venture capital, hedge funds, and real estate.

A multifamily office provides wealth management advisory and investment services for more than one wealthy family. These families have collaborated to pool their assets and gain access to the benefits of a family office, without requiring the capital needed to start their own (usually about $100 million).

A single-family office provides wealth management advisory and investment services for an individual or single wealthy family.

In general, families who form or use a family office have at least $50-$100 million in assets. There is significant complexity in determining who needs family office services, but determining factors usually include the size of an individual or family’s wealth and their financial and legal priorities.