Multi-family office
The basic activity of a multi-family office
Legal Matters:
- Coordination with the secretarial/legal providers, administering client’s private holdings, operational companies, other elements of Client’s infrastructure within MFO spectrum
- Legal support of the current activity of the Client’s infrastructure (agreements, dispute solutions)
- Personal & family-related legal matters (advocacy, pre-nuptial agreements)
- Legal issues with respect to participation in the operational control over the management of the business assets (participation in Shareholders Meetings, BOD meetings)
Financial Matters:
- Coordination of the banks' relations with respect to private expenses and payment for the family needs
- Coordination with banks regarding cash-flows of client’s private holdings, operational companies, other elements of Client’s infrastructure within MFO spectrum
- Coordination of the tax advisors' and auditors' work
- Financial administration and control (financial reports, tax declarations and other)
Investment Matters:
- Defining of investment targets
- Defining of permissible risk level
- Choice of strategies and directions of investment
- Choice of portfolio managers/products
- Control of portfolio managers' work
Real estate management:
- Organization of transactions on buy/sell/lease of immobility in different countries
- Property management in various countries
Special Solutions:
- Provision of wealth inheritance in order of succession in emergency situations (creation and supporting of Trust companies, fulfilling functions of trust protector)
- Provision of insurance coverage for assets and family member
- Creation of a platform for realization of projects in philanthropy
- Organization and support of transactions with luxury assets (pieces of art, aircrafts, yachts)
The role of a multi-family office in complex solutions
MFO is in a way a client's headquarter that provides an effective interaction (decision making, control, structuring) between Client (his tasks, needs and so on) and providers, consultants, banks, managements of beneficiaries' businesses.
Practically it means that in a usual chain CLIENT – SERVICE PROVIDERS a central mechanism appears. In this role MFO serves for fulfilling only one task – finds the most effective way to solve the clients' problems, which goes through:
- Precise formulating of clients' tasks, often target moderation and achieving a total understanding of the clients' tasks by an executive party
- Initiating of target achieving on clients' behalf, in the capacity sufficient to hit the goals set by the client
- Monitoring of the current, strategic and appearing tasks/targets of the client and their structuring
- Preservation of a unified structural architecture of a client, permissible risk level, transparency level, level of control over assets/businesses
- Usage of the whole "weight of assets" of our clients by working with service providers
- Control over providers' work, over management of the current businesses
As a result of this approach MFO client saving his own time and resources gets a possibility to have a vertically (operational control over managers of different businesses) and horizontally (general control over consultants, providers) integrated personal financial investment infrastructure for wealth management.