Governance and accountability

Some Multi-Family Offices are not able to clearly state individual roles and responsibilities, particularly global groups, and a very common observation from our wellness review indicates suboptimal allocation of roles and responsibilities

Indequate record keeping

Limited policies and procedures covering the steps required for taking on different investor types, some Family Offices do not collect all the documents required for KYC or professional investor assessment purposes

Deficiencies in portfolio valuations

The valuation of a portfolio company requires a great deal of professional judgement because market prices are not available. It is important that Family Offices make sure that they keep records showing how the valuations were derived. If third par ...