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UNDERSTANDING THE STRUCTURE OF A FAMILY OFFICE - CONTINUED UNDERSTANDING THE STRUCTURE OF A FAMILY OFFICE - CONTINUED

5. CONCIERGE & LIFESTYLE MANAGEMENT SERVICES
Beyond financial oversight, a modern family office often acts as a concierge service,
assisting families with the complexities of their personal and professional lives. These
services may include:
► Bill Pay & Cash Flow Management – Managing financial obligations such as
It is important to prepare for the certainty of uncertainty. By carefully analyzing risk
exposure, the family office can effectively design insurance solutions that protect assets, mortgages, staff salaries, and household expenses
mitigate liabilities, ensure seamless generational wealth transfer, and potentially support ► Private Aviation & Travel Planning – Coordinating private jets, securing exclusive
efficient wealth growth. travel arrangements, and handling logistics
► Real Estate Management – Overseeing property acquisition, sales, and maintenance of
4. BUSINESS ADVISORY SUPPORT luxury homes and vacation properties
Many high-net-worth families are also business owners, and their family office must be ► Education Planning – Helping families find the best schools and universities for their
equipped to support business strategy, succession planning, and financial oversight. A children, as well as structuring education trusts
well-structured family office can: ► Philanthropy & Impact Investing – Assisting with the establishment of charitable
► Provide strategic business advisory services for growth, acquisitions, and divestitures foundations, donor-advised funds, and socially responsible investments
► Assist with succession planning to transition leadership within a family-owned business A well-structured family office becomes a trusted partner in all aspects of a family’s life,
► Offer cash flow management, financial reporting, and corporate governance support handling everything from day-to-day financial operations to long-term legacy planning.
► Develop tax-efficient business structures that align with personal and family wealth
objectives WHY A FAMILY OFFICE?
For affluent families, managing wealth is not just about maximizing returns—it’s about
Your advisors should work closely with business owners to ensure their family’s personal
and professional wealth strategies align. Whether planning for an exit strategy, managing preserving and growing wealth in alignment with family values and goals. A family
business risk, or overseeing financial reporting, they should provide the expertise office serves as a centralized, integrated team of professionals that ensures all aspects of
necessary to optimize business and personal financial success. financial, tax, legal, and lifestyle management working together seamlessly.

EVAN S. BRANFMAN
CFS®, CAS®, CRPCTM, APMATM, AWMATM, CRPSTM
PRIVATE WEALTH ADVISOR
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