The purpose of a Family Office is to coordinate, organize, plan, and oversee the wealth of ultra-high net worth individuals and their families. The Family Office becomes the “coach” and “quarterback” for the management of the family’s financial and wealth affairs.
A Multi-Family Office (“MFO”) is an organization that services more than one Family Office. We bring together back-office support along with our infrastructure, technology, and business process automation using the FamilyWealth™ platform.
The primary benefit of an MFO model is driven by: (1) the interest for Family Office services without building a Single Family Office(“SFO”), (2) the desire to delegate and centralize the management of wealth, and (3) the relative cost savings.
Austin Capital will lead the process to identify, select, diversify, and monitor money managers for the portfolio. Creating the financial strategy for the family office, the CIO directs the investment policy statement, and outlines and establishes investment benchmarks.