Erik VAN ROMPAY’s Post

Considering setting up a single-family office (SFO)? Define its role – whether for investment management or broader objectives like succession planning. Understand your family's needs, level of involvement, and consider key questions about objectives, asset management, required services, and preferred location. Choose a jurisdiction with access to professionals, stable environments, and tax benefits. Whether growing wealth or preserving a legacy, an SFO can be a valuable tool in aligning with your family's goals. Read More: https://lnkd.in/gZKvRg5b #FamilyOffice #WealthManagement 🌟🔑

Family offices, often referred to as private wealth management firms, provide comprehensive and personalized services to ultra-high-net-worth individuals and their families. Such firms cater to the unique needs and complexities of managing substantial wealth, offering a wide range of services designed to preserve and grow assets over multiple generations. From investment management to estate planning, family offices strive to enhance the financial well-being and legacy of their clients. One of the key benefits of working with a family office is the tailored approach to wealth management. Unlike traditional financial advisors, family offices take a holistic view of their clients' assets and financial goals, creating customized strategies that align with their unique objectives and values. By offering a wide range of services under one roof, family offices provide a seamless and integrated solution for managing all aspects of a client's financial life. Some of the services typically offered by family offices include investment management, tax planning, philanthropy and charitable giving, estate planning, risk management, and family governance. By consolidating these services into a single entity, family offices help streamline the complexities of managing substantial wealth, allowing clients to focus on their personal and professional pursuits. In addition to their comprehensive suite of services, family offices also provide access to a network of specialized professionals and resources. From investment analysts to tax experts, family offices leverage their expertise and industry connections to provide clients with top-notch advice and support. This collaborative approach ensures that clients benefit from the collective knowledge and experience of a team of dedicated professionals. If you are an ultra-high-net-worth individual looking for a personalized and comprehensive approach to wealth management, consider partnering with a family office. Their tailored services and integrated solutions can help you navigate the complexities of managing substantial wealth and secure a bright financial future for you and your family. #wealthmanagement - #financialplanning - #privatewealthmanagement - #ultrahighnetworth - #investmentmanagement - #estateplanning - #financialadvisory - #familyoffice - #legacyplanning Contact us today to learn more about how our family office services can help you achieve your financial goals and secure a legacy for generations to come. #familyofficeservices #financialwellbeing #wealthpreservation 💰📈

How Are Family Businesses In The Middle East Balancing Their Traditional Values With The Need For Innovation There is an especially large amount of wealth being transferred in the Middle East at the moment. This comes with some challenges as there are a lot of first generation wealth creators dealing with succession planning for the first time. There are also fewer advisors or practitioners with this type of experience and the jurisdictional nuances don’t make importing that expertise easy. In most cases its best to keep it simple and if it can be easily explained to all family members, even the kids, then it is generally an approach that will work. F Partners Read The Full Article Here: https://lnkd.in/ePNyQ9bU #singlefamilyoffice #familyoffices #familyoffice #privateinvestors #privatemarkets

What are wealth managers and family offices actually for - managing investments for healthy returns, or enabling transition to the next generation? Here's my analysis of the industry's changing dynamics in Professional Wealth Management (PWM) and the Financial Times #WealthManagement hub, including commentary from David Fox of Northern Trust, John Schuman of Corient, Heather Flanagan at Wealthspire Advisors and Charles Jewkes, CFA from Aviva Investors https://lnkd.in/ed9SnSwJ

Curious about the secretive world of family offices and their growing influence in global finance? Learn why these elite entities are set to reach a staggering $11.41 trillion in assets and what it means for the future of wealth management. Don't miss out. Read the full blog now!   https://lnkd.in/g9wkvV2r   #familyoffices #privateequity

Family Offices Embracing Private Equity I caught up with a family office principal I really admire and they’re adding a private equity strategy alongside their core private credit strategy. I know at least 3 other families that have the same thesis but in different industries. What it shows me is that family offices have the ability to invest across the capital stack and really understand what risk adjusted returns look like. I’m excited to start working with this family office as their strategies have been consistent performers every year since we met, and yes they showed proof of those returns. F Partners Read The Full Article Here: https://lnkd.in/e_7-wWZU #singlefamilyoffice #familyoffice #familyoffices #privateinvestors #privatemarkets

Interesting piece. The vast majority of family offices (at least in Asia) are investment centric with little focus on other functions. This is likely to always be the case - professional independent control of wealth will be a key objective . However a family office does not give succession planning in terms of wealth transfer so more thought and structuring is needed. How is the wealth owned and what is the plan for the next generation and beyond? #succession #wealthmanagement #sfo

Family Office vs. Wealth Management: What’s the Best Fit for Your Estate? Effective wealth management is crucial for high-net-worth individuals looking to preserve and grow their wealth. https://lnkd.in/eyxQ9Mea #Hnwi #wealth #wealthmanagment #familyoffice #financialplanning

Families of wealth are always curious about wealth management costs and often want to benchmark those expenses against their peers. Costs are an important consideration when devising an overall wealth management strategy, says Cambridge Associates' Charles B Grace III. #familybusiness #familyoffice #wealthmanagement #strategy #uhnw

How has the Family Office space evolved for clients and for the firms that work with them? Wilmington Trust’s Family Office practice leader, Donald DiCarlo, shared some thoughts with Professional Wealth Management (PWM) as part of a comprehensive look at this growing, changing, and important part of the wealth management industry. Take a look at the story below! #familyoffice #wealthmanagement