What are family office advisory services?
What is a family office? Family office service providers have traditionally been single-family offices, but this is no longer the only option. Single-family offices are businesses that are owned by ultra-high-net-worth families and are operated semi-independently but exist only to manage the aspects of that family’s needs.
Owning and operating your own single-family office is prohibitively expensive and exceedingly risky for those without the time and resources to dedicate to the endeavor. Other than having the capital and the know-how required for starting a family office, you would need to hire independent financial professionals who are dedicated to serving your family office.
At Avidian Wealth Solutions, we make the family office experience available to all high-net-worth individuals, families, executives, and entrepreneurs who do not want to start and run their own family office. While we don’t offer the traditional family office structure, our clients still receive the family office advisory services and a similar experience that they would expect from a boutique family office, and we’ll tell you how.
What is the purpose of a family office? Why work with one?
Why work with a family office? We will answer this question in two parts: the benefits for your finances and the benefits for you.
For your finances: Family office services offered by Avidian are both comprehensive and customized. We’re not trying to outperform some index — we’re trying to meet your financial goals. We do that by connecting your wealth wherever we can, for a more comprehensive financial strategy. Our team of multidisciplinary professionals works together to manage your money today, but always with an eye towards your tomorrow.
Some of the family office advisory services offered by Avidian include:
- Asset management
- Retirement planning
- Estate planning
- Debt management
- Tax planning
- Risk management
- Succession or exit planning
- Insurance services
- Buy/sell agreements
- Philanthropy and charitable giving strategies
- And more
For you: The family office structure is designed to provide attention to every component and aspect of your wealth. When you can trust that your finances are well taken care of, you can remove the stress related to managing or co-managing your finances, and focus on your life — whether that be growing your business or planning your next fishing trip.