When the concept of Family Office Alongside companies offering comprehensive management and advisory services for individuals, families and businesses with a fortune in excess of two or three million euros or dollars, another revolutionary concept is emerging: The Fresh Family Office.Indeed, these firms specialise in advising and managing smaller fortunes, those of the newly wealthy or young heirs. They guide their fledgling and/or elite clients along the long and difficult path they must take to master, protect and, above all, enjoy their future or brand-new fortunes. Not only on a financial level (a complex world into which they will have to immerse themselves with the guidance of these experts) but also on a personal and social level. They will have to learn to navigate a world of sharks and opulence for which no one has ever prepared them.
Among them are professional sportspeople and artists, who are fortunate enough to lotteries, heirs to all kinds of assets (businesses, property, etc.), or young entrepreneurs who must continue to devote their limited time to their business and cannot – nor should they – spread their efforts too thinly by managing their growing wealth. They all need a Family Office just like any other established fortune held by people of a certain age, but these individuals also have something in common: youth and inexperience with wealth, and an irrepressible desire to enjoy it excessively.
For this customer profile, a Fresh Family Office It offers much more educational protocols, whilst also incorporating a value to which particular importance should be attached: the enjoyment of wealth.
The Family Office They have existed for over 50 years in the US, and in Europe and the rest of the world they have grown exponentially in recent years due to the huge number of Fortune 500 companies that have decided to join a elite Clients advised by experts in all the disciplines that affect life as a wealthy individual. These experts go far beyond the role of a mere solicitor, tax adviser, financial adviser or private banking manager. A Family Office It handles absolutely everything relating to its clients“ wealth: financial, property and corporate assets, as well as all aspects necessary for managing these, and the structures required to pass on this legacy over time. They generally accept clients whose wealth exceeds three or four million euros, including their property holdings. Consequently, many ”moderate’ fortunes may become part of this elite of families who have clarified their life goals and are following a steady course towards building their wealth across generations. Another hugely important characteristic of a genuine Family Office It must be the refusal to accept powers of attorney or assets deposited with these entities. Ownership of all assets must always remain with the Client.
Now here come the Fresh Family Office, a new concept that modernises this revolutionary service in the client/adviser/wealth relationship even further, if that is possible. Indeed, the sector of new and young fortunes had been neglected by the major firms Family Office which traditionally focus on middle-aged or elderly clients, with fortunes even multi-generational. In fact, all the few Fresh Family Office are sub-structures derived from Family Office classics with the same know-how tailored to this new, fresh profile. They also share certain characteristics: they tend to offer their full range of services from nearby tax havens, which allows them to provide even more effective and versatile solutions. Why join a Family Office within the EU, whilst being advised by the best professionals in tax havens that offer favourable tax treatment for assets held both within and outside their country of origin? In fact, most young or newly accumulated fortunes have the opportunity to structure their affairs and establish a foothold in nearby tax havens, as they do not stem from organisational structures entrenched in a particular country or region, unlike established wealth multi-generational.
Furthermore, they interpret in a substantially different way the enjoyment that a young client should derive from their own wealth. In this respect, a young person heir@ (lucky@ lottery winner, young entrepreneur, etc.) will enjoy a steady and happy, yet prudent, process of induction into life in wealth. Obviously, if their wealth is based primarily on property assets – which is very common – they will need to undergo a bespoke process of converting their assets before they can begin to enjoy their fortune in a secure and consolidated manner.
The influx of new customers into this elite Most of their business comes through referrals, as this type of company requires the utmost discretion. Although they usually accept clients who have come into sudden wealth (unexpected inheritances, lottery wins, one-off major business deals, etc.), new clients are also recruited through intermediaries, who receive very substantial commissions for doing so.
Turning property, business shares or cash into a substantial fortune and learning how to enjoy it properly, whilst ensuring its continued growth over the years, can now also be within the reach of young people.
A comprehensive worldwide directory of Family Office via Family Office Exchange, (Chicago,IL) or at the European branch in London. http://www.foxexchange.com
Among them are professional sportspeople and artists, who are fortunate enough to lotteries, heirs to all kinds of assets (businesses, property, etc.), or young entrepreneurs who must continue to devote their limited time to their business and cannot – nor should they – spread their efforts too thinly by managing their growing wealth. They all need a Family Office just like any other established fortune held by people of a certain age, but these individuals also have something in common: youth and inexperience with wealth, and an irrepressible desire to enjoy it excessively.
For this customer profile, a Fresh Family Office It offers much more educational protocols, whilst also incorporating a value to which particular importance should be attached: the enjoyment of wealth.
The Family Office They have existed for over 50 years in the US, and in Europe and the rest of the world they have grown exponentially in recent years due to the huge number of Fortune 500 companies that have decided to join a elite Clients advised by experts in all the disciplines that affect life as a wealthy individual. These experts go far beyond the role of a mere solicitor, tax adviser, financial adviser or private banking manager. A Family Office It handles absolutely everything relating to its clients“ wealth: financial, property and corporate assets, as well as all aspects necessary for managing these, and the structures required to pass on this legacy over time. They generally accept clients whose wealth exceeds three or four million euros, including their property holdings. Consequently, many ”moderate’ fortunes may become part of this elite of families who have clarified their life goals and are following a steady course towards building their wealth across generations. Another hugely important characteristic of a genuine Family Office It must be the refusal to accept powers of attorney or assets deposited with these entities. Ownership of all assets must always remain with the Client.
Now here come the Fresh Family Office, a new concept that modernises this revolutionary service in the client/adviser/wealth relationship even further, if that is possible. Indeed, the sector of new and young fortunes had been neglected by the major firms Family Office which traditionally focus on middle-aged or elderly clients, with fortunes even multi-generational. In fact, all the few Fresh Family Office are sub-structures derived from Family Office classics with the same know-how tailored to this new, fresh profile. They also share certain characteristics: they tend to offer their full range of services from nearby tax havens, which allows them to provide even more effective and versatile solutions. Why join a Family Office within the EU, whilst being advised by the best professionals in tax havens that offer favourable tax treatment for assets held both within and outside their country of origin? In fact, most young or newly accumulated fortunes have the opportunity to structure their affairs and establish a foothold in nearby tax havens, as they do not stem from organisational structures entrenched in a particular country or region, unlike established wealth multi-generational.
Furthermore, they interpret in a substantially different way the enjoyment that a young client should derive from their own wealth. In this respect, a young person heir@ (lucky@ lottery winner, young entrepreneur, etc.) will enjoy a steady and happy, yet prudent, process of induction into life in wealth. Obviously, if their wealth is based primarily on property assets – which is very common – they will need to undergo a bespoke process of converting their assets before they can begin to enjoy their fortune in a secure and consolidated manner.
The influx of new customers into this elite Most of their business comes through referrals, as this type of company requires the utmost discretion. Although they usually accept clients who have come into sudden wealth (unexpected inheritances, lottery wins, one-off major business deals, etc.), new clients are also recruited through intermediaries, who receive very substantial commissions for doing so.
Turning property, business shares or cash into a substantial fortune and learning how to enjoy it properly, whilst ensuring its continued growth over the years, can now also be within the reach of young people.
A comprehensive worldwide directory of Family Office via Family Office Exchange, (Chicago,IL) or at the European branch in London. http://www.foxexchange.com
