Therefore a multi family office pooling extensive expertise can be a cost effective and thorough approach to providing the necessary range of advice to complex families with substantial private capital.
For potential clients, the practical experience of exposure to other families is among the most attractive features of a multi family office, in that they are usually keen to learn how other families have dealt with similar situations and what lessons have been learnt. When such introductions are made sensitively and appropriately, they can form the basis of deeply enriching relationships,
The operating platform is of particular importance for those with diverse assets and holding structures, as such consolidated reporting enhances efficiency and enables flexible reporting tailored to particular circumstances.
For international families with a wide variety of assets, held through multiple structures, there is a demonstrable need for the services of independent, global multi-family offices, which can genuinely partner with their clients and serve a broad range of their requirements. This means being able to add value across the totality of their affairs, but nearly always working in partnership with other professional advisers.