Building a family office with outcomes in mindBY JEFF STEINER | VOLUME 3, ISSUE 1 We are often asked "how much money do you need before you establish your own Single Family Office?" The short answer, as with many questions in life, is "it depends." The question ... Get articles like this delivered to your email - Sign up for the free monthly newsletter  More Articles |
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Cover Story
Wealth with purpose
PHIL HARKNESS
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
CHIEF EXECUTIVE OFFICER
MUTUAL TRUST PTY LTD
In the realm of Australian family offices, a stark reality emerges: 70% risk dropping the ball on wealth transfer. To curb this trend, Mutual Trust chief executive Phil Harkness and head of strategy Tracy Conlan are dedicated to helping clients create and preserve purposeful multi-generational wealth. Chloe Walker writes.
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Good article. We also experience that wealthy families have difficulty in finding out what their needs are and what important is to them.
Once the decision is made for multi-family office services, or only one or more outsourced services, it is still very important to select the right provider for those services. Here we often experience that no every multi-family office is capable to deliver all services and providers execute the same type of services in a completely different manner. Having the right guidance at this stage of the process is also extremely important.