The 21st Century Family Office: Coordinating Wealth and Global Mobility
The Evolution of Wealth Management
For the modern founder, wealth management has moved beyond simple investment portfolios. It now encompasses global mobility, multi-jurisdictional compliance, and the preservation of a family legacy across generations. This is the role of the Private Family Office.
The Three Pillars of a Modern Family Office
Global Governance: Establishing a Family Constitution that dictates how wealth is managed and transitioned to the next generation.
Jurisdictional Coordination: Managing the tax residency of various family members who may live in different countries.
Consolidated Compliance: Ensuring that every entity within the family structure, from trusts to holding companies, meets international transparency and reporting standards (CRS/FATCA).
The Family Office: 5 Key Questions
At what level of wealth do I need a Family Office?
Generally, families with $1M+ in liquid assets begin to see the cost-benefit of a dedicated office.
What is the difference between a Single and a Multi-Family Office?
A Single Family Office serves one family exclusively. A Multi-Family Office shares resources across several elite families to reduce overhead.
How does a Family Office assist with Global Mobility?
It acts as the central coordinator for all visas, residency renewals, and cross-border tax filings for every family member.
What is Family Governance?
It is the rulebook for your wealth. It defines how the next generation is educated, how they can access funds, and how disputes are resolved.
Can a Family Office help with Philanthropy?
Absolutely. We often integrate International Foundations into the Family Office structure to manage global charitable giving in a tax-efficient manner.
