Why Engage a Multi-Family Office?
While every family situation is unique, there are a number of reasons why your family might decide to engage the services of a Multi-Family Office. The most common ones include:
- Your family is devoted to growing your operating businesses and does not have the time, expertise or desire to oversee by itself its financial assets, and requires an unbiased, dedicated advisor
- Your family has completed a significant liquidity event, such as the sale of a business or real estate asset, inheritance, etc., that has provided a substantial pool of assets to invest
- Your family is disappointed with your existing wealth managers perhaps due to mediocre quality of advice and products, exorbitant fees, or poor attention to your family’s goals and needs, and you are seeking an objective advisor who keeps your best interest in mind at all times
- Your family works with a number of money managers and investment providers and you are looking to understand the “big picture” and have help in assessing their ability to meet your goals
- Your family members have their own goals and objectives, or live in different parts of the world and are exposed to different rules and regulations, and you need advice on how to deal with multiple and complex personal situations
MFO Concept
Park Sutton and Meeschaert