August

L J Fiduciar: ‘What is a Family Office’?

In its most general form, a family office is a wealth manager created to support the family in the day- to-day administration and management of their affairs and long-term strategy. It is often considered as a privately held company that handles investment management and wealth management solutions for a wealthy family, with the goal being to effectively grow and transfer wealth across generations.

Whether the purpose of the family office is to optimise investment holding structures and governance, or monitor property, luxury assets and/or investment portfolios, it is critical that a family office is governed properly and run efficiently and effectively.

Family wealth can be very specific and complex in terms of management. Since the start of the global pandemic, many wealthy families have had to re-think how they manage their assets, with many turning to single or multi-family offices as a way of handling this.

At LJ Fiduciary we invest the necessary time to build a genuine understanding of the relationships and the needs of the family, providing a tailored solution to give each family exactly what they require. Our family office team provides a comprehensive range of wealth management services working with a select panel of leading tax advisors, investment managers and law firms to provide a collegiate approach and foster close relationships. A family office should always be driven by its ultimate goal: to align the interests of the family and make it easier for the family to manage and grow its wealth for future generations.

www.ljfiduciary.com

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