Supplemental and Advisory Services for Family Offices
The mission of a family office is to help its clients accomplish their most important financial and personal goals. Assignments are numerous and varied, and often come with short deadlines. While office staffing is usually adequate to meet the workload, there can be times when an extra hand would be helpful. Also, on occasion the family office may choose to outsource special projects to third-party professionals because of the nature of the project or the experience of the outside professional.
Venitage: A Custom Partner
Our partners can work with you and your clients in two distinct ways: We can serve as a resource to your client advisor, enabling him or her to deliver needed services to the client; or, if desired, we can interact directly with your client or client family. In all cases, Venitage would respect the crucial and confidential relationship you have with your clients.
Venitage: A Strategic Partner
Our collective experience provides a seasoned perspective that you may find compelling.
We can help newer family offices design and implement an effective organizational structure, including hiring staff.
Venitage also has the deep experience to help existing family offices evaluate their cost structure, especially staffing levels, and consider alternatives for outsourcing certain functions, such as routine accounting tasks.
Venitage: A Partner for Your Office
Venitage can help your family office maximize its effectiveness. We can supplement the excellent work you are already doing for your clients; and we can help your office leaders confirm that the office structure and approach are on the mark.
While by no means exclusive, the following are examples of the areas where Venitage my be of assistance:
Aggregate investments; cash flow budgeting and reporting
Provide strategic perspective on wealth management issues
Establish a family council; manage regular family meetings
Instruct and mentor family members on a variety of financial and other topics
Provide backup in the event of incapacity or death of a key family leader
Administration of a Family Trust
In situations where there is no institutional trustee, Venitage can prepare and conduct trustee meetings as well as prepare minutes and trust financial reports
Organize and facilitate gift and estate tax preparation for smooth processing
Generational Wealth Transfer Planning
Facilitate planning and implementation
Help the family articulate a set of philanthropy objectives, administer and support effective operation of family foundations
Risk Management & Advisory Services
Review insurance coverage's and assess relevant risks, including cyber security and personal security
Personal Real Estate
Help manage all aspects of personal real estate, such as maintenance and property transactions
Facilitate access to top flight medical care by all family members, wherever they might travel or live.