Family Office Advisory Services
Family offices face challenges that distinguish them from other entities. They may face challenges which, if not addressed, can reduce wealth and jeopardize family unity or have the potential to derail the family’s legacy.
Some of the most common challenges faced by business families are :
- General transitions and divisions in family cohesion threaten sustainability and continuity.
- As per a recent survey 87% of family business owners have not chosen a successor, choosing a discrete successor is less important than having a succession plan.
- In a low-interest-rate environment, it is difficult to preserve and grow family wealth over generations. Professional management is needed
- The tax and regulatory environment varies throughout the world and is constantly changing.
Whether you are creating a family office, separating an office from the family business or enhancing an existing office, we deliver seamless advice and service through all phases of development and execution. And we do so with an emphasis on long-term sustainability and legacy preservation.
MJ WEALTH will act as a one-stop solution platform to assist clients in the development of their own Family Office structure. Our service is a holistic solution that incorporates the key services of: Asset Management; Consolidation & Reporting; Direct Investments; and coordination of the Family Office set-up with best-in-class service providers (including but not limited to legal, tax and trust professionals).
We want the family office to support the strategy and legacy of your family. A family-owned business often strives to find a good balance between professional management, responsible ownership and a healthy family dynamic. A family office can take the weight off family members by delivering professional services and management of many business and personal needs.
Creating a successful family office requires strategic planning and design. With decades of experience, we can prepare you for each step of the way – from assessment and visioning to work plans and implementation. Together, we can help you design a strategy to manage the complexity that comes with a family-owned business.
