The Future of Multi-Family Offices

The Future of Multi-Family Offices

High Net Worth (HNW) individuals have always been presented with many challenges in regards to managing and growing their wealth. In the past, these challenges were simpler and more straightforward with their focus on High Return on Investments, Tax optimization, Business Expansion, Access to International Capital markets and the administrative resources to handle these efforts. But, with globalization, the ever shifting international markets, and the constant changing of Local and International regulatory and tax laws, High Net Worth Individuals today face a much more complex and challenging environment. Facing even more challenges are the High Net Worth individuals from Russia and CIS countries, who encounter a cultural, language and political gap in their efforts to manage and grow their wealth. Many High Net Worth Individuals have found that a Multi-Family Office (MFO) provides the support and services they need.

A Multi-Family Office is an independent organization that supports multiple families to manage their entire wealth. Issues such as Asset Protection, Legal and Tax support, International Asset and Business Administration, Information Confidentiality, Fiduciary Structuring, Succession Planning, and Risk minimization are all addressed and serviced by a Multi-Family Office.

A High Net Worth Individual’s main concern is the protection of his assets. Depending on the Client’s home region, there are a variety of Political and Economic risks involved. The advantage of working with a Multi-Family Office is that such an organization has experience working in the Global Economy and has a full understanding of the pitfalls and the knowledge of how to navigate the risky waters in favor of the Client. The MFO has an expertise in the Proper structuring of agreements and Holdings, in choosing the appropriate Jurisdictions for a client’s assets and investments and how to protect Ownership rights in various situations.

One the most important benefits that a Multi-Family Office provides is the efficient administration and coordination of its clients’ affairs. Being a single point of contact for the Client is one way a Multi-Family Office improves efficiency. Another way is that the MFO provides managerial and administrative infrastructure for all of its clients. Clients are given access to the highest level of experts, Business partners and Service providers – all of whom either have a good track record with the MFO or are professionally vetted by the MFO for the client. The MFO provides services such as Professional review of documents, Independent advice on Jurisdiction and Local and International Tax Planning – an ideal, efficient and personalized way for HNW clients to manage their wealth.

The age of Electronic Data has changed the way the world does business. One of the top priorities for HNW clients is the protection of their personal and financial information. The questions of access, storage, communication, nominee and custodianship are made simpler by the MFO. The MFO takes Client Confidentiality with the utmost seriousness and uses industry best practices and technology in order to safeguard each client’s information. The MFO uses the most advanced Information Technology platform, storing, tracking and safeguarding the Electronic custody of all documents. The MFO also uses tactics such as Assets Segregation and Jurisdictional diversification as a way to protect Client Confidentiality.

The Multi-Family Office is the gateway to the world for many International clients, especially Russian and CIS based clients. The MFO is the bridge between the Client and Financial Institutions and thus takes very seriously it’s relationships with both sides. The MFO builds its reputation by working with solid and dependable clients, as well as the highest level Financial Institutions.

The Multi-Family Office not only helps to organize and manage a High Net Worth individual’s Business and Investments, but just as importantly provides assistance with issues such as Succession Planning and Matrimonial Risk minimization. Whatever the family situation, the MFO can help structure Trusts, Private Family Foundations, Pre and Post Nuptial agreements and any other plans that will let the Clients feel secure that their Families, Assets and Businesses will all be appropriately managed in the future.

A Multi-Family Office is an invaluable resource for a High Net Worth Individual. The MFO takes an entrepreneurial approach in handling a Client’s needs, having at its disposal a vast amount of accumulated knowledge and experience, a ready and tested administrative infrastructure and access to Experts, Institutions and Providers. As a professional organization, the MFO has the advantage of being kept abreast of economic, political and legal developments worldwide which affect the client’s assets. The MFO is able to use all of these tools to create Tailor Made solutions for each Client’s immediate needs, and to provide a long term vision for that Client’s future. The Multi-Family Office is essential to High Net Worth Clients today, and will continue to be so in the years ahead.

Legal Department
Oracle Capital Group

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