The K Family
With over 50 family members and a large stake in a privately held property company, managing the K family’s wealth is no small task.Our expertise in advising multi-jurisdictional families meant we were well-positioned to give financial planning and investment management advice.
The K family's family office required an investment house with a broad and flexible offering, a proven track record and significant infrastructure and wealth planning expertise. While the family has UK roots, many members now live in different jurisdictions.
Our expertise in advising generations of multi-jurisdictional families meant we were well-positioned to give financial planning and investment management advice.
Their family office went on to ask us for reporting and administration services – a large burden for the in-house staff. After the sale of a property, the office asked us for advice on whether the profits could be directed to the family charitable trust.
Their tax advisers recommended that we avoid assets based in certain jurisdictions and certain types of instruments, such as those that would be deemed passive foreign investment companies under US regulation. We invested the family’s wealth in a combination of direct equities and collective funds, giving them plenty of flexibility.
The K family valued our flexibility and the depth of resources required to develop the reporting and administration that their office needed. We aggregate data from all of the managers that the family office works with, and produce a quarterly performance analysis. We also use data from the family office itself to produce valuation reports for each family member.
Lastly, we investigated options around the charitable trust, working with the family office, its tax advisers and individual family members. As a result, a donation was made by the family holding company, and a larger amount was donated by individual family members after a distribution from the family office.
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