LSA F&C and the Family Office
“A multi-disciplinary competence centre structured around the needs of the family.”
What is the Family Office?
The Family Office is an institution that originated in the United States and has developed in the Anglo-Saxon world since the nineteenth century.
It’s a multi-disciplinary structure that deals with the integrated management of large family assets offends a plurality of services: from financial advice, to successory strategies, from the protection of generational transitions to the optimization of asset returns, tax planning and administrative management.
A flexible, interdisciplinary and independent competence centre. Structured around the needs of the family, able to provide advice, expertise and knowledge.
The Family Office takes care of the management of the complexity related to the care of the patrimonial interests offending administration and monitoring services, linking in a fiduciary relationship with the family group and following over time the evolution of the patrimony.
The interdisciplinary skills of the Family Office allow you to intervene in different areas of specialization:
- Financial: Investment Advice – Asset Manager Selection.
- Real estate: Real estate valuations – Investment opportunities.
- Tax: Assistance and advice.
- Legal: Trust – Foundations – Family Board – Family Governance – Family Law – Corporate Law.
Our business project
The advisory service provided by LSA Finance & Consulting is a Multi Family Office of the enlarged type, that is to say that it is not only concerned with managing the financial assets of families but also everything else. Our work begins with the reporting of personal assets; we collect and evaluate all family assets, including non-financial ones. We classify them according to customer needs and produce a periodic report that summarizes the situation of the entire assets.
At this point, once the situation is clear, we plan together with the family the best investment strategies, selecting also the most suitable bank managers.
Our Family Office also provides many other useful services for the family, developing the most suitable solutions:
- We manage the family councils
- We manage insurance and social security issues
- We offer assistance for corporate issues
- We manage the particular goods (like the car park or that of the boats)
So not only financial administration or even real estate, but also the choice of the asset to be purchased and the methods of management.
A pact of trust
The most important thing for our work is to win the trust of the family. One of the most important aspects of the family office is privacy. Discretion is one of the hallmarks, along with trust and customization of services.
What we do is to put the family’s financial, financial and insurance situation in order through independent advice.
Relying on a family office costs in Italy on average between 0.95 and 1.5% of the assets under management. A much lower burden than in the United States, where one normally pays between 1.5% and 2% for counselling.
The commissions paid by the customer families of our family office range from 0.25 to 0.50% up to a maximum of 1.5-1.8%, depending on how much we can save the customer.
A service open to all entrepreneurs
Our business consulting project in the Family Office is a service for all investors. Asset allocation will be processed according to the risk profile and needs of the customer. In particular, services related to succession, property planning and tax assistance may also be provided to customers. The service is reserved for customers with at least 100 thousand euros of assets (excluding real estate).
The cost of counselling varies between 0.25% and 1.50% of the assets under management. Although from time to time it will be necessary to assess the needs and complexity of the requests. For example, those who have assets of one million euros including real estate will spend about 5 thousand euros. A cost that entitles to the creation of the portfolio and home care with four visits per year. At the expiration of the twelve months, there is the possibility of renewing the contract with the customer.
Ultimately, the philosophy that guides us is to solve, in complete confidentiality, the problems and needs of the family. Relying on us means savings and total support guarantee, avoiding having to do everything yourself.