Family Offices
Family offices are streamline in the management of the family-owned businesses, properties and wealth of high net worth family. It can be a Single Family Office (SFO) which is for one immensely affluent family, if it involves multiple families, it is considered as a Multi Family Office.
There are several areas in the management of Family Offices:
1. Investment and Asset Management 2. Financial Planning 3. Trust and Corporate Services 4. Accounting and Reporting 5. Compliance and Risk Management 6. Data Management 7. Document Management 8. Income Tax Planning and Compliance 9. Charity and Philanthropic Planning 10. Specialized Services and Family Education
It involves a complex and multi - jurisdictional programme to meet the comprehensive requirements of the wealthy family.
Comments