Increasingly we are working with wealthy families with liquid assets of £1m plus and our service is developing from a pure wealth management service into more of a family office service. This has developed as we undertake further tasks beyond our normal service to assist wealthy families with their financial affairs.
What do we mean by family office? Well the Wikipedia definition of such is a private company that manages investments and trusts for a single wealthy family.
A modern family office can be as involved as managing the day to day running of the family estate including all liquid and illiquid financial assets. The family office provider can be involved in all financial decisions from purchasing assets such as property, cars, fine art as well as managing the more liquid assets, trusts and wealth.
We are regularly meeting with the accountants and solicitors of such families, providing extensive trust and estate planning services regarding succession planning and asset protection strategies.
As a result we are starting to promote ourselves as a family office in the more modern sense so that wealthy families can understand that we go further than just financial advice.
Some of the services we offer or assist with as part of our family office offering are;
- Wealth Protection
- Private Banking Services
- Wills and Trusts
- Accountants for Family Businesses and Personal Tax
- Asset Management
- Family Protection
- Succession planning
- Planning for future generations
If you are interested in knowing more about some of the additional services we can offer then please contact your financial adviser.
If you’re looking for financial advice Lyndhurst has lots to offer. Our expert team are on hand to answer your questions about all aspects of financial management.
