More and more ultra-high-net-worth families are turning to a family office structure to provide the coordinated professional support they require to execute both everyday tasks, like bill pay and travel coordination, to more complex undertakings such as succession planning and investment strategy.
Whether you have built your wealth over time or have come into it more recently, you may have reached a point where you find yourself wondering, ‘Do I need a family office?’
WHAT IS A FAMILY OFFICE?
A family office is a collection of coordinated advisors assembled to provide tailored wealth management solutions to a family across multiple generations. Historically, family offices often had a physical location with dedicated professional staff. Today, however, technology and virtual, outsourced solutions provide wealth owners with a range of structural options to suit the particular needs of their family.
WHO NEEDS A FAMILY OFFICE?
At Moores Rowland Indonesia we leverage our experience to help you determine whether you need a family office, and if so, which services and structure is optimal to help you achieve your highest priority family goals. Our consultative approach is designed to help you identify the right option for you and your family.
The best structure to fulfill your vision depends on your family’s unique needs and preferences — as those factors evolve, your family office may too. In practice, most family offices have a combination of in-house and outsourced activities. Regardless of the structure your family ultimately decides to pursue, you will want to work with experienced, qualified advisors to help you understand the associated tax efficacy, regulatory considerations and wealth planning considerations to maintain your family office.
While each family is unique, we leverage our experience to help you determine whether you need a family office, and if so, which services and structure is optimal to help you achieve your highest priority family goals.
HOW CAN WE HELP?
The wide range of available family office frameworks — from fully staffed standalone offices to virtual, outsourced solutions and myriad structures in between — coupled with the potentially significant operational cost, can make navigating the family office landscape a challenging process.
Moores Rowland Indonesia has been working with ultra-high-net-worth families for decades, providing family office services for many of Indonesia’s wealthiest families. We have helped them design and implement solutions that range from an informal collection of advisors to sophisticated structures that employ a variety of professionals.
As the dynamics of your family and wealth evolve, let Moores Rowland Indonesia be your trusted partner to help you navigate change including through sophisticated tax planning minimization and jurisdiction choice for asset protection. We can also assist with introductions to a range of in-house or outside expert tax, investment and legal advisers to help implement your plan. Whether you ultimately decide to build a full-scale family office or opt for a leaner operation, we provide the flexibility, expertise and proactive support your family needs to thrive — today and for generations to come.
