What is a Family Office?

A Family Office provides a forum to control and consolidate the management of a Family’s wealth whilst maintaining superior service standards and privacy at all times.  It brings together fragmented planning to generate one global wealth management plan encompassing the Family’s values, aspirations and objectives. In addition to coordinating all aspects of the Family’s wealth, the Family Office can also assist the Family to achieve non financial agendas such as philanthropy.

Abacus Family Office Facility

We are able to act as advisors and provide administrative support to existing Family Office facilities as well as provide a complete Family Office service.

The complete Abacus Family Office service incorporates all aspects of structuring and corporate governance including:

• Acting as directors of the corporate entities / trustee of trusts,
• Engaging of external advisors where required,
• Advising on the establishment and ongoing structuring needs, encompassing financial and non-financial assets,
• Acting as guardians of corporate governance,
• Maintaining statutory records,
• Providing bookkeeping and accountancy services,
• Providing secretarial and administrative services,
• Consolidating investment reporting,
• Providing banking and cash management services.

In acting as advisors and provide administrative support, we are able to carry out any or all of the following:

• Fulfil the role of guardians of corporate governance,
• Maintain statutory records,
• Bookkeeping / accountancy,
• Secretarial and administrative services,
• Consolidated investment reporting,
• Banking and cash management,
• Advising on the structuring of financial and non-financial assets.

We will provide a dedicated team of professionals to look after the Family thus ensuring continuity of service.  The absence of any member of the team will not impact on the level of service provided to the Family.  Key members of the team will be available 24 hours a day, seven days a week, working together to meet the Family’s needs.

The Benefits of an Abacus Family Office

The main feature of an Abacus Family Office is the co-ordinated and cohesive approach that we can bring to the Family’s wealth management. The Abacus Family Office team acts as a single point of contact, providing centralised monitoring, reporting and management of agents and advisors.

Our holistic approach allows us to work closely with the Family to provide;

• Preservation and growth of wealth,
• Segregation of the Family’s private and business affairs,
• Independent wealth management,
• Assistance in the definition of the Family’s cultural values for subsequent generations, which is of particular importance where prominence and reputation rather than net-worth become overriding factors,
• Enhanced confidentiality,
• Charitable and philanthropic activities,
• Estate and inter-generational planning by involving and educating the next generation in the management and control of wealth,
• Investment manager selection and oversight,
• Monitoring investment reporting and mandates,
• Concierge services.

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