What is a Family Office ?
The Family Office is an organisation of persons serving one or more families.
It offers advice and support exclusively for the benefit of their patrimonial interests through a range of skills organised in-house or outsourced.
It is committed to preserving family harmony and has a long-term vision.
The role of the Family Office is central and presupposes independence and transparency. It adopts a long-term perspective with a trans-generational vision.
In concrete terms, this organisation is either a corporate structure set up by one family (Single Family Office) or for several families (Multi-family Office).
In either case, they are stakeholders organised on a human scale, operationally and ethically, to identify, analyse, structure and monitor the wealth expectations of their clients.
This includes property, legal and tax advice, training, family governance, strategic planning and philanthropy, in addition to management or supervision of listed and unlisted assets.
Single Family Office
A Single Family Office is an organization set up by the wealthiest families and dedicated to the exclusive management of a single family's wealth.
The familly officer(s) is salaried and devotes 100% of his or her time to the family through a dedicated structure that helps a multi-generational wealthy family to organize, manage and preserve (all or part of) its wealth, meeting its needs and wishes.
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Multi Family Office
A Multi Family Office is a commercial company that serves several customer families. There are two types of multi-family office:
-The independent multi-family office is a structure in which at least 51% of the capital is held by individual partners.
-A banking multi-family office is a structure dedicated to the very wealthy customers of the bank to which it is attached, either as a subsidiary at least 51% owned by the bank, or as an integrated department.