Is a High-Performing Family Office Right for You?

More and more families worth over $500 million are establishing family offices. These family offices work exclusively for their families and are referred to as single-family offices. The reason for this trend is that high-performing single-family offices are proving to be vastly superior to other types of providers such as financial advisors, lawyers, and accountants. Single-family offices are designed to address the desired outcomes of the very wealthy family. They prove to be very effective in optimizing the financial lives of family members.

If you lack the financial resources for a single-family office, you may very well be able to get many if not all of the same advantages extremely wealthy families receive by engaging a high-performing multi-family office. High-performing multi-family offices deliver the same expertise as many high-performing single-family offices to a number of individuals and families.

All family offices are expert coordinators of experts. They rely on a well-vetted network of specialists to deliver exceptional value to their clients. It is this expert team of professionals and providers that enables family offices to be instrumental in helping their clients effectively achieve their goals and address their concerns. 

Is a Family Office Right for You?

To help you think through if a high-performing multi-family office is right for you, recognize that a high-performing family office will ensure:

•       You can consistently access best-of-class expertise and solutions for any issues you are dealing with whether the issues are financial, legal, or otherwise.

•       You can attain the expertise you and your family need and want on a very cost-effective basis.

•       You can “go to the head of the line” when it comes to getting the solutions that will make a significant difference in your life and the lives of your loved ones.

•       You can be confident that you are not making any substantial legal or financial mistakes presently or with what you are considering.

•       You are not missing out on any meaningful opportunities.

High-performing multi-family offices are not for everyone. Sometimes, other types of providers can be better choices. If your financial and personal life is simple and easy to manage, then a high-performing multi-family office might not be the right choice for you. Still, most successful individuals and families, however, cannot duplicate the extensive expertise and proficiencies of a high-performing multi-family office and smartly rely on dedicated, talented professionals.

For perspective, some of the solutions high-performing multi-family offices tend to provide many successful business owners include:

 •       Reducing income taxes by hundreds of thousands or more.

•       Eliminating all taxes on the growth of investment portfolios.

•       Mitigating risk while accumulating monies for future acquisitions.

•       Ensuring the future of the company by “locking in” key personnel.

•       Protecting business owners from unfounded or frivolous lawsuits.  

The reason for engaging a high-performing family office is that it can be instrumental in helping you achieve your agenda. To be more precise, a high-performing family office may be one of the best ways to optimize your financial world.