These Family Offices have been characterized by their impartiality and objectivity in their advice, integrating and coordinating their services with those provided by other consultants for these families. This specialized advice extends to the following generations.
Normally these high-income and wealthy families hire the services of a Family office when these capitals have grown to a significant amount and require full-time care.
A recent phenomenon is that of the “multi-family office” where one firm manages the multiple needs of several high-income families.
Benefits of a Multi-Family Office:
• Recommendations are made based on a comprehensive understanding of all family assets and liabilities.
• These services are extended to all members of the family
• Ensures that all advisors work on a common goal and holistic vision strategy.
• Benefits of economies of scale in the integration of services and costs
• Investments are managed by Portfolio Managers under a comprehensive context that reflects the client's financial statements
Complementary services:
• Preparation of a clear and concise short and long term financial roadmap
• Detailed summary of the different assets of the family with an integrated semi-annual report (scorecard) and its results
• Annual cash flow report based on needs and updated according to changes in families.
• Tax planning strategies with the objective of preserving family assets and minimizing tax payments.
• Meeting with Portfolio Managers
• Succession planning and strategies
In summary, acquiring the services of Canadian Multi Family Office will allow you “peace of mind” so that you can focus on yourself and your family. Our entire team of professionals has more than twenty years of international financial experience.
CFO is not licensed to sell investments directly, we team with the portfolio managers to maintain an independent analysis in the management of their assets
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