What is Family Office?
A Family Office is a private wealth management advisory team or organisation set up by the family of ultra-high-net-worth individuals to oversee the day-to-day administration and management of assets with the goal of preserving wealth to be inherited by the next generation.
Depending on the goals and aspirations of the UHNW or HNW person, Family Offices can be set up formally, such as through an SPV, or informally, such as utilising resources from the family business.
General Process Flow to Set Up a Family Office
Viceroy Family Office Services
Benefits
- Maintain control of their assets and the decision-making process
- Preserve their privacy
- Benefit from collective buying power of the family’s combined assets
- Keep the family together
- Have a dedicated team devoted to providing key services and helping achieve long-term goals
- Cost efficient
- Highly personalized services, control, exclusivity and lower fees
Viceroy Family Office Services
- Investment
management
services - Philanthropic
management - Life management
and budgeting - Training and
education - Estate and wealth
transfer - Business and
financial advisory - Administrative
services - Succession
planning - Reporting and
record keeping - Risk management
and insurance
services - Compliance
and regulatory
assistance - Tax and legal
advisory