The services of our Family Office are aimed at families who have a particularly important heritage.
Our services are designed to meet the special needs of wealthy families. Our mission is to act in the interest of your entire family and each of your members.
Services for the family
Our services are aimed at the global management of your assets. The various services we offer are aimed at protecting, increasing and controlling your assets, as well as implementing your family strategy. In full respect of the vision and values of the family, we propose customized solutions aimed at achieving your goals.
Our services are aimed at families with an important heritage whose wealth management needs are complex.
Nowadays, more and more often families resort to the services of a Family Office in the belief that it represents the most appropriate response to their needs.
Our expertise is the result of our long experience at the service of wealthy families. Our mission is to support them and to give them the necessary assistance to achieve their goals, making available all the indispensable tools for the proper governance of their wealth.
Families of industrialists or entrepreneurs choose to use the services of a Family Office, as this structure is able to apply an elaborate and impartial model of asset management. We can play a central role in implementing the global management strategy you wish to adopt for your family, providing you with a multidisciplinary team of highly qualified consultants able to design a comprehensive plan and implement the strategic lines chosen.
A wide range of services for families
We select, coordinate and ensure the supervision of a whole range of activities and services within the framework of an integrated program of global management of your family’s resources and needs.
In order to fulfil our role, you must first understand your objectives and then define together with you the best strategy to achieve them. Our intention is to share our experience with you, to avoid mistakes with harmful consequences in the initial phase of your wealth management.
Having defined the action plan, its implementation is our task. Through personalized reports, you will be regularly informed about the progress of your personal and family situation. Of course, we take care to ensure that the structures created consistently match the objectives.
Our structure
Our (Multifamily Office Advisor) is an independent structure from any asset management company or banking group. But in order for our Family Office to be functional and independent you need to follow certain rules. First, to respect the needs of the customer.
The first rule is to think, always and in any case, in terms of customer satisfaction that it is not only a monetary parameter of profitability but a much more complex mix of needs that you will probably have after a long time and after numerous attempts.
Moreover, it is necessary that the family offices are able to handle the information with extreme confidentiality, which is much more difficult in the private banking divisions and in the corporate ones of large banking groups (in conflict of interest with their banking structure)while at the same time ensuring maximum transparency towards customers, especially on the cost side.
Our range of services and activities
– Protection of the family heritage
- Creation of legal structures
Custody
Tax assistance
Administration of assets.
– Increase in assets
- Asset allocation
- Choice of operators
- Management of different asset classes
- Monitoring of mandates and performance
– Transfer of family assets
- Estate planning
- Definition of the family strategy
- Information and training of family members
- Philanthropic activities
The cost of the service
The cost of the Family Office is calculated on the one hand considering the time devoted to the customer, commensurate with the skills put in place. You could say that you charge the value of the time of the tailor in preparing a custom dress. On the other hand, we calculate a satisfying fee, a satisfaction fee. These are commissions that vary according to the assets of the customer (that is, the larger this is, the lower the commissions), and the skills put in place. That is why family offices can be safely defined as the new tailors of Italian finance.
For an asset of EUR 10 million, for example:
- shares in companies for € 3.5 million
- personal property for € 2.5 million
- securities (securities, shares, liquidity, funds, etc.) for euro 4.0 million
The cost is composed of a flat commission (base) of 0.195% and a commission of satisfaction (satisfy fee) of 0.125 remitted to the total discretion of the customer if our Family Office has achieved in the year all the objectives of the customer.
Conclusions
The management of one’s wealth, today, is a process of considerable complexity that requires considerable time resources, and in-depth knowledge in various fields such as: financial investments, insurance, banking, tax planning, real estate.
Some people prefer to personally take care of the family’s assets and therefore devote a large part of their time to them, however sometimes neglecting the essential aspects of their activities (business, family, leisure, etc.). Others want to make sure that the work is done properly, but prefer not to deal with the details of the management personally.
Relying on the so-called trusted consultant (accountant, lawyer, bank manager, etc.), as was the case in the tradition, is no longer possible today because every single decision must take into account the global context of both assets and assets.
The activity of the Multi Family Office
In the end, it consists of three essential aspects:
– “Consultancy” and specialist support: Family members find experienced specialists in the Family Office who analyse the technical aspects and instruct the decision-making process.
– Selection of suppliers and negotiation of conditions. Family members must be able to rely on a reasonable balance between the quality and cost of the service offered by third parties (for example, banks, managers, consultants, etc.) and, in particular, the fact that selection and negotiation of conditions are made in the exclusive interest of the family, without conflicts of interest or involvement between decision-makers and service providers.
– Execution and compliance. An administrative and control support for economic events relevant to them. Appropriate rules will, however, limit the use of these resources to cases of interest to most family members.
Proposal
We aim to become your Family Office for the needs of your family. Our family office also provides many other useful services for the family: we manage family councils, manage insurance and social security issues, assist with corporate issues, manage special assets, developing the most suitable solutions. So not only financial administration or even real estate, but also the choice of the asset to be purchased and the methods of management. 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 initially put our assets in order, financial, insurance and real estate of the family through independent advice to create already after a few months new value inside and significant cost reductions of which sometimes you do not even imagine the existence.
We therefore propose a period of two months free in which to know your family, our philosophy of work and our business being able to appreciate our work, after which in the case of your complete satisfaction will be concluded a consultancy relationship under the conditions defined by consensus between the parties with the duration of twelve months and the possibility of contract renewal with the customer from year to year on the basis of more absolute satisfaction.