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
No clear Family Office strategy, optimising outcomes across Wealth, Impact, Legacy and Purpose
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
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 ...
Family Offices generally have a very long-term investment horizon, but we do find that their investment managers have often not kept records which show that they have carefully considered the investment horizon as part of the suitability assessmen ...
