A multi-family office is an independent organization that supports multiple families to manage their entire wealth. A multi-family office is a commercial enterprise established to meet the investment, estate planning and, in some cases, the lifestyle and tax service needs of high net-worth families.
Multi-family offices typically provide a variety of services including tax and estate planning, risk management, objective financial counsel, trusteeship, lifestyle management, coordination of professionals, investment advice, and philanthropic foundation management. Clients of a multi-family office typically will often have a net worth in excess of $50 million.
Family offices and their professional advisors can assist families to ensure succession plans are in place to protect the wealth of future generations. The BVI has many professional advisors well-versed in the skillsets required for trust and succession planning, and wealth preservation, across generations.