Family office services, for families without an office of their own.
Reporting, liquidity oversight, adviser coordination and record-keeping across every entity a family holds, provided as an outside service.
The first thing we produce is a consolidated statement.
Everything the family owns and owes, including holdings we don’t manage. It becomes the working record that reporting, planning and family meetings are prepared from.
The service suits families for whom a dedicated single-family office would be hard to justify.
Set up once, then kept on schedule.
The record is built so that it doesn’t depend on one person’s memory or filing cabinet.
At the outset
- Consolidated statement across entities, accounts, currencies and asset classes
- An organized record of documents, entity records and filing dates
Each period after
- Consolidated report on the same basis as the first statement
- Cash calendar of commitments, distributions, tax instalments and capital calls
- Adviser coordination, so accountants, lawyers and bankers work from the same facts, with open items tracked to completion
- Family meetings prepared with an agenda and followed by minutes
When the administration has outgrown the family.
Producing a net-worth statement takes weeks and several phone calls.
No one is certain which entity owns which asset without checking.
Tax instalments, capital calls or distributions have been missed or nearly missed.
The family’s records live in one person’s filing cabinet and memory.
An in-house family office has been discussed and can’t be justified.
Advisers are duplicating work, or assuming someone else has it covered.
Portfolios under Investment Management are reported within the consolidated statement, and family meetings under Next Generation & Legacy are prepared from it.