Typically, for most business families the family wealth is locked up in companies founded by them (listed or unlisted). In certain stage of their evolution, business families realise the virtues of separating personal from professional and to not to have all their eggs in one basket. Moreover, the younger generation may be keen to embark on new-age ventures as a departure from continuing in the traditional businesses owned and controlled by the family. Furthermore, family investing habits may undergo a change, moving away from hard assets like real estate and gold and investing into financial assets, start-ups, global assets and other sophisticated categories. A Family Office provides a ring-side view to the family, empowering it to control their personal financial matters, proactively, seamlessly and efficiently.

In our experience, ideas and investment opportunities are aplenty and chasing them reactively, without a plan, produces sub-optimal results. A Family Office is exactly the solution to such real life challenges faced by a number of families we come across. Besides, family separations, sale of businesses and generational changes accelerate the need for a systematic approach to manage issues like preserving, enhancing and passing on the family wealth. A Family Office, hence, is a customised solution, tailored to the needs of the family being served, taking into account their specific circumstances. Because within a family, the needs of a teenager are very different from an octogenarian, for instance, and a Family Office can help identify the needs of and establishing a plan for each of the family members effectively.