Family Office Establishment

As family wealth becomes more complex, managing investments, entities, advisers, reporting, governance, and family matters through separate channels can create fragmentation and unnecessary risk.

L’Heritage helps families establish or strengthen a family office framework suited to their assets, jurisdictions, governance needs, and long-term priorities. The objective is not simply to create another entity, but to build a coordinated operating structure around the family.

Our role is to bring greater clarity, oversight, and continuity to how family affairs are managed while working alongside the family’s existing legal, tax, banking, investment, and fiduciary advisers.

Areas of focus

• Family office structure and operating model
• Governance and decision-making frameworks
• Adviser and service-provider coordination
• Consolidated asset and entity oversight
• Reporting and information management
• Family administration and operational processes
• Succession and continuity planning

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What the advisory may include

• Family Office Needs Assessment — Review the family’s assets, entities, jurisdictions, advisers, administrative requirements, and existing operating arrangements.
• Operating Model Design — Determine whether a dedicated, virtual, outsourced, or hybrid family office structure is appropriate for the family.
• Governance Framework Development — Establish decision-making responsibilities, approval processes, reporting lines, committees, and family oversight mechanisms.
• Adviser Coordination — Create a structured framework for collaboration between banks, investment managers, lawyers, tax advisers, trustees, accountants, and other specialists.
• Consolidated Reporting Framework — Develop a clearer view of family assets, liabilities, entities, ownership structures, and relevant reporting requirements.
• Family Office Policies & Procedures — Establish practical processes for documentation, payments, approvals, recordkeeping, confidentiality, and administration.
• Technology & Information Infrastructure — Assess appropriate systems for secure document management, consolidated reporting, entity oversight, and family information.
• Ongoing Governance & Review — Support periodic reviews as family circumstances, regulations, investments, and generational responsibilities evolve.

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