Family Office Services
The concept of a family office probably originated with the Estate Offices of the landed estates, offices that specialized in real estate and agriculture. Over time, family offices also became expert at investment management and the numerous other activities of importance to the wealthy including philanthropy, tax, inheritance, art and recreational assets.
One important attribute that has been preserved over time is that the family office is there to serve the family. They are client-orientated entities. The basis for their existence includes fidelity, continuity, independence and expertise.
At SandAire we are a “Multi Family Office” which means that we a have a number of clients as opposed to those offices that serve just one family. This gives us some advantages. We are exposed to a wider array of issues and thus broaden our expertise. The diversity of work allows us to attract high class employees and we can spread our costs over a wider asset base and thereby reduce our fees.
We often work with clients to provide younger family members with an understanding of the issues that surround family wealth and we have published a book on the subject. We can help the current decision-maker to select and train the next generation of family leaders who will take responsibility for the overall administration of the family assets.
We are careful administrators. Wealthy families have complex affairs to administer and mistakes are costly and often cause acrimony. Those that have experienced the complications that arise from poor administration will know the value of a good administrative partner. We are stewards of our clients’ wealth and work closely with their advisors.
