What is Family Office and why do you need it?

Author: Debra Houghton

Imagine being able to centralise the management of investments, accounts, and assets and get a comprehensive view of a family’s financial situation. Or minimising tax liabilities and optimising tax strategies to preserve wealth across generations. There are many more reasons why a Family Office support service exists.

The best way to describe Family Office, is a support service that is privately controlled and dedicated to supporting wealthy families. This can include governance, administration, investments, management of risk, and personal life organisation.