Plans for preserving family wealth should take a very long-term view - potentially up to 100 years for some families. This is hard work, particularly to ensure that each generation has the same ‘wealth-creating’ ideal of the first generation.
Human behaviour becomes a key focus – the family must invest in human and intellectual capital, not just financial capital. This requires a focus on physical and emotional well-being and education and life experience. There also needs to be representative governance founded on a set of shared values.
APW Partners offers a Family Office service to a select group of families who require much greater assistance to manage and administer their complex financial affairs.
The services we provide include:
We act as the mailing house, ensuring all key financial information is centrally located and available for access by the family and their network of professionals advisers.
Income Tax Planning & Compliance
To ensure important tax related issues are considered in the sale of a business or major asset, investment strategies or negotiating a new compensation package.
Expense Management & Financial Reporting
For both individual clients as well as their business entities.
Co-Ordination of Advisers
We become the central focus point for the family’s dealings with their network of advisers to ensure we are as familiar with their situation as they are.