Commenting for Tatler, our Head of Private Client Tax Geraint Jones explains the value of family office services for wealthy families.
‘The benefits of a family office are that a long term integrated approach can be taken with members of the family office working together for the benefit of family members. Risk can therefore be centralised and diversified, and privacy and control can be maintained. This may be cheaper than having a large number of disparate advisors of varying quality.’
‘It has always been a problem for younger people who have always been surrounded by money to appreciate its value and that it is a relatively scarce commodity, and it is concentrated in a relatively small number of places. This is where an engagement and educational role for a family office is important to ensure that wealth can be preserved or increased and passed down through many generations and not just one or two.’
Geraint is (at the time of writing) one of only three tax & trust accountants featured in the Tatler Address Book, Tatler’s directory of professionals offering ‘gold-standard guidance’.
Geraint and our family wealth team are experienced in advising how to create and preserve wealth across generations. We understand that a family’s unique history is vital to securing its future.
To find out how we can help, visit our family wealth services page or get in touch with us.