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Multi-Family Office Services

A multi-family office is a type of wealth management service that caters to high net worth families by providing a comprehensive range of financial, administrative and lifestyle services under one roof. Unlike traditional family offices which are often associated with ultra-high net worth individuals or families, multi-family offices typically serve clients with significantly lower net worth, often between $10 million to $500 million.

What are Multi-Family Office Services?​

A multi-family office offers a broad spectrum of services tailored to meet the financial and personal needs of its client families. These services can include:

  • Investment Management: A multi-family office will typically have a dedicated investment team responsible for managing client portfolios, including diversified asset allocation, risk management, and tactical trading.
  • Tax Planning and Compliance: Skilled professionals will work with clients to optimize tax strategies, ensuring compliance with all relevant laws and regulations.
  • Estate and Trust Services: Multi-family offices provide guidance on estate planning, trust administration, and the distribution of wealth after a client's passing.
  • Financial Reporting: Regular financial reporting is provided to ensure transparency in family finances. This includes detailed statements of income, expenses, assets, and liabilities.
  • Family Governance: Effective governance structures are set up to ensure decision-making processes align with the values and goals of each family.
  • Personalized Lifestyle Services: Multi-family offices also offer concierge-style services, such as travel planning, property management, and other personal lifestyle needs.

The Benefits of Utilizing a Multi-Family Office​

There are several benefits associated with engaging the services of a multi-family office:

  • Integration: All aspects of family wealth, including financial, administrative, and lifestyle matters, are managed within one organization.
  • Expertise: Clients benefit from the collective experience of professionals skilled in various areas of wealth management.
  • Efficiency: With all services under one roof, communication among team members is streamlined, reducing errors and duplication of efforts.
  • Cost Savings: By consolidating multiple services with a single provider, clients can potentially save on costs associated with managing separate providers for different aspects of their wealth.