Dovetailing business consultancy, tax and investment structuring with longer term, strategic, family objectives - the practice offers the following services:
Addressing the life cycle of entrepreneurial wealth creation, tax mitigation, wealth retention and succession planning, we offer a commercial/ entrepreneurial ‘solutions driven’ approach to family/ family business transition issues or projects. We provide a unique blend of legal, tax, investment and corporate finance expertise as a strategic overlay to enhance or support an existing team of professional advisers. Families should undertake a complete review their affairs every 5-10 years to assess current suitability, tax efficiency, cost effectiveness and longer term resilience to changing circumstances/ risk.
Family Business and Estate Planning
Assisting with long range strategic planning for families in business – structuring liquid portfolio and business assets as part of a bespoke governance or tax planning strategy (high level tax mitigation, emigration/ immigration planning, incentive structuring for key management, building appropriate structures onshore or offshore to facilitate handing over of responsibilities to younger family members, professional managers, new trustees or ‘family office’ representatives). Advice is deliberately intended to be strategic rather than definitive – the service model is intended to complement rather than compete with clients’ own legal, tax and accountancy advisers.
Family Office and Investment Portfolio Structuring
Developing holistic, strategic plans for the structuring of liquid/ financial wealth within appropriate portfolio ‘wrappers’ or onshore/ offshore investment vehicles, appropriately tailored to the unique short, medium and long term needs of a family. Three years as head of Goldman Sachs’ London based Strategic Wealth Advisory Service has provided a deep knowledge of some of the world’s most complex financial structures. Advice is intended to address broad tax efficiency, suitability, appropriateness and cost and risk factors from a commercial ‘trusted advisor’ perspective rather than as investment adviser (we are not providing investment advice or investment management services and are not regulated by the Financial Services Authority).
Personal Advisory and Support
Assisting with the following diverse issues:
- family/ family office ‘trouble shooting’ and advisory team support
- specific project management/ project implementation
- trustee or director roles in appropriate, longer term, relationships
- introducing leading third party advisers (law firms, accountants, corporate financiers, investment managers, offshore service providers and other leading international specialists) to best secure client objectives (whether at the ‘Rolls Royce’ or VW Golf segment of the market).
These are essentially ‘trusted adviser’ services where our contacts and know-how can be invaluable. Many families require support to develop the right strategy. Even where families/ entrepreneurs have a clear vision of what they wish to achieve, they are often disappointed with service provided by advisers or realise that an existing team is not working as efficiently as required to create synergies or deliver best results. Entrenched advisers may be overly specialised or lack the broader vision needed to lead on strategic projects/ reviews.