The family office was born as a family support with the aim to protect, to add value and to pass on the cultural and financial capital of wealthy families.
Without a careful and assisted planning of the family wealth and members’ relationships, the financial capital could be easily lost generation by generation. The family office, composed by external professionals, can positively contribute to those two aspects due to the reason that adds value with a detached point of view which helps to keep alive and reinforce the relationships in order to avoid possible conflicts.
For the financial side of the family capital, the family office:
- consolidates the wealth invested in different banks
- optimises the costs: family office represents consistent heritage, thus it can relates with financial institutions leveraging the costs negotiation resulting in optimisation
- analyses and selects efficient financial instruments: no conflict of interests, independency and the quality of the research team are the basis for such activities
- monitors and controls possible risks