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Private Family Office – PFO

What exactly is a private family office?

Think of it as a team of experienced professionals (a portfolio manager, an accountant, an estate lawyer, a tax lawer, a security and intelligence professional, a travel agent, a.) who work exclusively for a single, or multiple wealthy family(ies).

It is easy to understand the appeal of such a structure. As your personal full-service management team, tailored to include / exclude services as you wish, the Private Family Office provides advice and services custom-built to your needs.

Should you require advice regarding your portfolio, you can call the family office. Should need to update your will, you can all the family office. If you require an expert opinion on offshore tax havens, security for your family or businesses– you get the idea.

There are options to consider when thinking about using a Private Family Office. After all a PFO is no cheap. Annual costs can run as high as $5-million, depending on the size of the team and the level of talent hired. That said, for a modest and reasonably resources team, services can be provided for as little at $250′000 per year, especially if a Multiple Family Office (MFO – A Private Family Office which services several families) is engaged. The kind of structure a client chooses, also can reduce costs dramatically.

Engaging a Private Family Office gives client families a greater base of knowledge and experience to draw upon. In a traditional PFO, staff would understand one family and their needs, and would manage a range of approved suppliers and perhaps full time staff. In an MFO however, staff must understand perhaps 25 to 100 families. This aggregate wisdom can be a very powerful thing. Either way, the client benefits greatly and is able to focus on the things which they wish to focus on, supported by experts in all areas as required, in house.

Private Family Office – both the Single and Multiple Family Office versions offered here, are all tailored to the exact needs of our clients.

We welcome enquiries from families and their representatives, so that we may discuss your need and offer our advice, in absolute confidence at all time.