Privacy and autonomy are among the biggest outsourcing considerations for family offices.. You also need customisable reporting, consolidation, and easy access to your data at all times. And, you want to reduce the number of 3rd parties involved in managing your investments.
With widely distributed assets in multiple countries, using multiple currencies, multiple reporting standards, local compliance issues, regulatory headaches are just some of the headaches you need to manage. Moreover, your investments will need local SPVs and local directors to ensure substance; all difficult to organise remotely when entering a new location.
The role of the family office continues to evolve, with more and more requirements to ensure you’re managing the investments and assets of the family structure, preserving wealth for future generations. You need a trusted and personalised partner to help you structure and manage your assets most effectively.