Family office & family business

The meaning of Family Office is still fluid. A family office may be an entity set up to run a family's affairs which has separate legal personality from the family. It may just be a place where the family administers its affairs or it may be a network of employees and advisors in a number of different places who work together to run the family's investments.

Globally, it is thought that there are 11,000 family offices in existence - with 2,500 to 3,000 in the US a further 2,500 in Europe, and 200 in Australia. This number is expected to grow in time, as the needs of wealthy families become more complex.

Having looked after successful people, their families and advisers for over 100 years, we have real insight into the concerns of wealthy families. This insight helps us when we assist our clients to set up and operate their family offices.

Recent work 

  • Helping a number of international clients to set up offices - a reflection of growing demand for family offices.
  • Working with several internationally based family offices on complex global restructuring projects for the families.
  • Reviewing the structure and operations of several established family offices with the goal of providing recommendations for improving or expanding services provided.
  • Advising the holders of a significant stake in a recently listed company on the structuring of IPO proceeds and their retained shareholdings, as well as the formation of a family office, the UK tax treatment of further investments - in particular offshore funds and deep discounted securities, the establishment of a hedge fund, the acquisition of a private jet and private yacht and the formation of a charitable foundation.

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