Family
Establishing a family office can be an excellent way to secure your legacy through the ages.
Many high net worth families regard a family office as a structured option to optimise management of their financial needs as well as to provide greater control over their wealth and their affairs.
Every high net worth family has its own unique set of requirements, and as such, there are as many different types of family offices. Some provide basic administrative support while others oversee the management of family investments and coordinate all of the family’s financial and lifestyle needs.
Once a family office is established, the objective is for it to serve multiple generations, across which there may be a range of different needs that require various wealth management strategies. A well-run family office should efficiently integrate all of these strategies to ensure that they support the broader interests and objectives of the family as a whole.
Holistic Solutions
The contemporary family office is able to flexibly address a range of challenges and needs, including the following –
- Protecting family wealth
- Managing investment risks
- Managing and funding the care needs of family members who are advanced in age or who have medical concerns
- Managing and funding the care needs of family members who are advanced in age or who have medical concerns
- Improving family cohesion and generational transition
- Clarifying governance over how the family stewards its wealth
- Managing the personal affairs of family members
Over the years, Boccard has assisted hundreds of families in the establishment of their family office. We add value to the process by integrating traditional family office services with our deep financial and asset management expertise, enabling clients to benefit from a higher degree of professionalism while still retaining a strongly personal relationship with their family office administrators.
