Family office consulting service

Why a family office?

Privacy and growth

Discreet management of family wealth and affairs
Gatekeeper between the family and third parties
Harmonious family growth
Creation of family value and family governance

Highly personalised services

Provide bespoke services tailored for the family that differ from those of wealth management institutions and multi-family offices
Excel at responding to and anticipating the needs of the family

Wealth protection, inheritance and accumulation

Comprehensively manage philanthropy, estate planning, tax and family wealth distribution
Handle strategic asset allocation, wealth protection and succession and long-term prosperity
Carry out duties professionally, increase compliance and reduce risk

Family office set-up blueprint

1. Identifying the purpose

Define family value
Outline scope and functions of the family office
Set assets under management
Specify current and future beneficiaries
Organise management and control framework
Understand the philosophy behind philanthropy

2. Planning

Family board and family governance planning
Preparation for NextGen’s education, growth, development, living and succession
Business rules on integrating NextGen and family member recruitment policy
Defined roles and functions of executive and non-executive family members
Thoughtful resourcing (insourcing vs outsourcing)

3. Structuring

Create strategic asset holding structure, taking into consideration asset protection, growth, succession, control, tax and privacy
Develop investment policy, rebalancing policy and mandate adjustment
Structure family board, independence advisory board and drafting of family governance documentations
Create effective communication channels for family members
Build philanthropy framework and management control methods

4. Establishing

Strategic asset allocation based on investment policy and strategic asset holding structure
Finance management and control system, wealth management dashboard
Nurturing NextGen and succession
Talent recruitment and appointment of key roles
Philanthropy implementation

What makes for an effective family office?

Prompt response to economic changes and local regulatory requirements

Long-term family prosperity
and harmony

Systematic and robust wealth management protocols

Catered for the bespoke needs of family members

Managing the family business dynamics

Contact us

Entrepreneurs, family businesses and fast-growing companies have unique needs. They require a trusted adviser who will work shoulder to shoulder with them–someone who will bring forward broad-based business skills, tailored products and services, and the true strength of the global firm to help them navigate the unique challenges and transformational change they will face at each stage of their business lifecycle. That’s where KPMG Enterprise comes in.

Karmen Yeung

National Head of Private Enterprise
KPMG China
+852 2143 8818
karmen.yeung@kpmg.com