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Are You Ready For A Family Office?

This checklist asks the important questions to help you decide if a multi-family office is right for you, your family, and your legacy.

Download the free checklist now. And we'll also send you our Family Office Meeting Guide to your inbox.

Download the Free Family Office Readiness Checklist
Readiness-Download-1

What’s Inside the Checklist?
Your Readiness Guide covers:

  • Financial Complexity
  • Integrated Wealth Management
  • Multi-Generational Wealth Transfer
  • Privacy and Security Concerns
  • Complexities of Philanthropy
  • Scalability for Future Generations
  • Lifestyle and Personal Services
  • Cost Efficiency and Centralized Management
  • Family Governance and Education
  • Long-Term Wealth Strategies

Advice for Generations.

As your wealth grows, so does the responsibility of preserving and protecting it. Estate planning, tax strategies, and family governance are just the start. Generational wealth involves much more than financial investments—it’s about focusing on a lasting legacy.

A multi-family office can assist in managing all aspects of wealth management, family governance, and legacy preservation, offering the many tailored services your family requires.

Get in touch

Let us know if we can answer your questions or offer a point of view. Either call directly or use the contact form.

888.698.6698

Explore Family Office Resources

Family Governance: Making it Work for your Family

Establishing trusts, training young adults for leadership within the family, and educating younger generations on the concept of stewardship, charitable giving, and financial responsibility.

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Overcoming the Fear of Having the Generational Wealth Talk

Many parents struggle with how and when to discuss their wealth transfer planning, worried about the potential impact on their children’s behavior and values.

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10 Questions to Ask When Considering Private Jet Flights

Though the cost is significant, the benefits of private jet or charter flights are substantial. It provides tremendous convenience and reduces travel stress as you skip the security line.

Read Here

Frequently Asked Questions

How is a family office different from a traditional wealth management firm?

While traditional wealth management firms typically focus on investment portfolios, a family office takes a holistic approach, overseeing not only investments but also tax planning, estate management, philanthropic efforts, and personal financial matters. A family office provides a higher level of personalized service, often functioning as an extension of your family’s internal financial and administrative team, where a family office becomes your board of directors and you are the chairperson.

 

What services does Verdence/FAMILY provide?

Verdence/Family focuses on the tenants of Complexity Management, Capital Allocation, and Legacy Preservation.

Within those, we provide a multitude of holistic services depending on your family's needs. Some of these include:

  • Evaluating a complex real estate transaction, assisting in acquiring it, and then managing it over time

  • Providing strategic guidance on starting or selling a business

  • Arranging private aviation and travel coordination

  • Assisting with budgeting and cash flow management

  • Comprehensive risk management review 

  • Managing external advisors and producing consolidated reports

  • Tax-efficient strategies

  • Estate and succession planning

  • Family governance and education

  • Philanthropy and charitable giving planning

What is a Multi-Family Office?

A multi-family office serves multiple families rather than being exclusive to one family. This model allows families to benefit from the same suite of highly personalized services as a single-family office but at a lower cost. By pooling resources and expertise, a multi-family office provides comprehensive wealth management while allowing for cost efficiencies.

What is a Family Office?

A family office is a dedicated team of professionals that manages the comprehensive financial, legal, and personal affairs of high-net-worth families. This can include everything from investment management and tax planning to estate management and philanthropic strategies. By integrating these services, a family office helps ensure that your wealth is preserved and grown across generations, providing your family with tailored advice and coordination.

Is Family Office only for the ultra-wealthy?

While family offices are typically associated with ultra-high-net-worth families, a multi-family office offers a cost-effective way for families with diverse levels of wealth and liquidity to access the same high level of personalized service. If you have complex financial needs, such as managing significant investments, tax planning, a business or private endeavor, and estate concerns, a family office could be a valuable resource, regardless of your net worth.