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Establishing a family office presents families with a number of advantages to future-proof their legacy.
Families often engage independent advisers to manage a holistic and integrated strategy in order to preserve their capital. This approach ensures decisions are made in the best interests of the entity, mitigating potential conflict among respective family members, plus retaining intellectual, human and monetary capital.
Our clients often cite legacy as a key driver to establish a family office. No two families are the same and therefore family offices require a particularly high level of customisation, discretion and confidentiality with a trusted adviser who understands the family’s values.
How we help clients
HLB Mann Judd prides itself on its position as a trusted adviser to many ambitious and entrepreneurial families. We deeply value these relationships, and our experienced, expert advisers are considered an extension of our clients and their teams or families.
We work together with the family to develop tailored, highly sophisticated strategies that preserve capital by considering the family needs and priorities as well as any legislative or regulatory changes that could impact the financial performance of the family. The many benefits to our approach include greater succession, transparency and governance, improved risk management and better alignment of goals and other interests.
Depending on the family requirements, our family office service can incorporate areas such as the following:
- Establishment and planning incorporating vision, mission and values
- Structuring for growth, compliance and risk mitigation
- Family governance and charters to mitigate risk
- Investment and portfolio management
- Establishment of procedures, processes and controls
- Education and advisory for family members
- Taxation, including planning, structuring and compliance
- Superannuation
- Budgeting and forecasting
- Insurance
- Intergenerational wealth
- Succession planning