family office investment strategy

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The term "family office" is attention-grabbing but vaguely defined. In fact, industry professionals say, "Once you've seen one family office, you've seen one family office."

Depending on your needs, a single family office can provide a wide range of wealth management, legacy management, and lifestyle management services. An effective single family office provides personalized, highly targeted services designed to make your life as a Mexican or Latin American multinational investor easier.

Wealth Management

Wealth management services are generally the backbone of the family office arrangement. This may include:

  • Investment strategy
  • Asset allocation plan development
  • Centralized oversight of investments, including core asset class oversight and alternative asset class oversight
  • Tax planning and tax compliance
  • Retirement planning
  • Risk management and insurance
  • Cash flow analysis
  • Oversight of charitable giving and philanthropy
  • Document management and recordkeeping, including monthly entity accounting and reporting and annual consolidated net worth statements

Legacy Management

When you've worked hard to become successful, it's important to think about what type of legacy you wish to leave for your loved ones. Your family office can help you by:

  • Creating and updating estate planning documents
  • Taking steps to minimize gift and estate taxes
  • Managing family trusts and LLCs owned by trusts
  • Managing illiquid asset transfers, including passing down property, businesses, and real estate to younger generations 
  • Ensuring continuity of family governance
  • Creating succession plans for family-owned businesses
  • Providing education for the next generation to ensure they're able to fully participate in key financial matters
  • Minimizing conflict between members related to the planned distribution of assets

Lifestyle Management

If desired, a family office can manage the personal affairs of each family member. Some of the services that can be provided include:

  • Hiring household staff and performing general human resources tasks
  • Coordinating personal security and property management services
  • Making travel plans and arrangements
  • Managing family-owned yachts or aircrafts
  • Curating art collections
  • Inventorying, appraising, and protecting other collectibles
  • Supporting relocation when family members plan to move
  • Sorting mail, managing communication efforts, and maintaining social calendars
  • Providing miscellaneous concierge services as desired

Let MEG International Counsel Help You Create a Family Office That Fits Your Needs

If you think a family office might be the right solution for managing your family's affairs, our dually licensed international business planning attorneys can guide you through the process of establishing a suitable arrangement. Contact us to learn more.

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