Family office consulting service

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Why a family office?

Privacy and growth

Discreetly manage family wealth and affairs
Act as a gatekeeper between the family and third parties
Enhance harmonious family growth
Maintain 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 - Define family vision and expectations
Specify current and future beneficiaries
Specify the portion of the family’s wealth managed by Family Office
Outline scope and functions of the family office
Understand the philosophy behind philanthropy

2. Planning

Determine the most suitable location
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 and set up

Create strategic asset holding structure (which may include setting up Trust), taking into consideration of asset protection, succession, control, tax and regulatory requirements
Develop investment policy
Structure family board and drafting of family governance documentations
Create effective communication channels for family members
Build philanthropy framework and management control methods
Establish technology, key functions and organizational oversight
Establish key procedures and internal controls
Recruit talent and appointment of key roles

4. Start

Strategic asset allocation based on investment policy and strategic asset holding structure
Finance management and control system, wealth management dashboard
Philanthropy implementation
Produce investment performance analysis dashboard
Measure investment results against benchmarks

What makes for an effective family office?

Prompt response to economic changes and regulatory requirements

Long-term family prosperity
and harmony

Systematic and robust wealth management protocols

Solutions for the bespoke needs of family members

Managing the family business dynamics

KPMG Solutions for Family Office set-up

Our service offerings for family

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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 Private Enterprise comes in.