Family Office Foundation
Your missing piece to integrated family, company and private wealth.
Our Family Office Foundation services provide an entry-level solution designed to meet the specific needs of successful families. We provide a simple process to setup your family now and for the future.
Ready to take your plan full circle? We’re here to guide you.
The solutions we provide help you to navigate the ever-changing financial landscape, grow your wealth and plan how, and when, to pass it on – safely and sustainably.
Our approach is designed to ensure your Family Office is set-up correctly in the early stages.
We start by helping you define a vision and purpose, governance frameworks, clear communication channels to guide the design and structure of your Family Office.
What the Family Office Foundation package includes
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Family Values and Purpose
The creation of a purpose, mission and vision, based on your family values. This ensures that all decisions and actions are aligned to the agreed mission statements and constitution of your family. -
Long-term Wealth Management
Strategic planning and governance structures to support long term wealth objectives. -
Tax Structuring
Tax structuring advise, cash flow management, budgeting and tax returns for individuals and the family businesses. -
Investment Planning
Ensuring that asset allocation and portfolios are aligned to impact objectives and that due diligence processes are adhered to. -
Succession Planning and Management
Managing trusts and estates as well asensuring wealth transfers and leadership changes are handled efficiently. -
Compliance and Regulatory Support
Ensuring strict compliance with regulations pertaining to investments, assets and business operations. -
Technology Solutions
Cloud-based software to provide you and your family access to communication and financial assets. -
Family Governance
A structure for your family to ensure communication and education to build legacy including a Family Council and Family Charter. -
Quarterly Reporting
Regular reporting on your family’s progress towards your vision.
How we work with you
Step 1: Creating a Vision
Our first step is to understanding your needs, expectations and ambitions. This starts with defining your vision and purpose for your family wealth.
During this phase, we meet with key family members to understand your past, current and future vision. It’s this vision that will guide an overall plan that encompasses key areas, including the strategy, operations, technology, and governance that is truly built around you.
Step 2: Designing and Structuring
In this phase we lay the foundations of your Family Office. This includes designing legal and tax structures, planning for governance, addressing operations and technology needs, budgeting, process flows and reporting requirements.
At the end of this step you will have a clear and detailed roadmap towards implementation.
This step will also transparency of your costs and a timeline for implementation.
Step 3: Implementation
This phase includes the implementation of the activities outlined in the previous step.
Once this phase has been completed, all of the key parts of your Family Office will be in place as well as robust legal, digital and reporting structures.
We will also ensure emphasis on communication among family stakeholders and office staff. This will ensure that your initial vision, values and ambitions are clearly embedded in the decision-making process.
Step 4: Operating your Family Office
We provide a dedicated partner to support your Family Office ongoing, ensuring that it’s functions, processes and governance are reviewed regularly against leading practice and, most importantly, your objectives.
This is also the time to invest in further refining and building some of your digital capabilities and ongoing philanthropic activities.
Cuthberts is the missing piece in your success story. Talk to us today.
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