Solutions

Private Wealth and Family Offices

Leaving a rich legacy - building on family values and goals

Balancing the everyday needs and objectives of the family with their collective ambition and vision for the future.

Using our depth of experience and the latest insights, we partner with families and their family offices to help explore, challenge and develop their plans.

Understanding the family office

One of the most important considerations for families is preserving wealth for the future, while serving the income needs of the current generation.

Understanding the family and the overall objectives of the family office is key to developing a lasting wealth preservation strategy.  We build relationships to develop a deep understanding of issues impacting individual families.  Each family is different, as is each family office, so each require a tailored approach.

We support families with:

  • The creation of effective family office structures, devising business plans and investment strategies.
  • Design of appropriate remuneration packages and strategies to attract and retain the best people as key employees.
  • Developing governance structures from a corporate and family perspective.
  • Succession planning.
  • Strategic business advice including acquisitions, reorganisations and exits from investments and businesses.
  • Real estate acquisitions and disposals and ongoing asset management.
  • Developing philanthropic strategy and designing a structure that meets the family’s requirements.




     

Managing risk and safeguarding privacy

For wealthy families and family offices risk is not limited to investment strategy.  There are also issues of privacy, confidentiality and the family’s reputation to consider.

Avoiding reputational risk through forming associations with the wrong people or organisations is essential.  We have helped many families design and implement anti-money laundering and client identification procedures, ensuring that investment policy is aligned with the family’s and trustees’ ethical views, as well as regulation and legislation.

We can provide independent assurance on controls and financial information.  We have worked with families to implement governance structures, monitor employees’ performance, resolve tax disputes and manage information, privacy and reputation.

Real estate for family offices

Real estate is recognised as a key part of a balanced investment portfolio and in preserving wealth for future generations.

Alongside larger holdings in bonds and equities, real estate can play an important role in portfolio diversification.  As a tangible investment in a unique physical product, real estate often has an attraction lacking in purely financial investments.  For families, real estate can be especially appealing, as exposure to short-term volatility in capital values can be managed by taking a longer-term strategic view on sales and purchases.

Deloitte has a strong focus on real estate with over 1,000 professionals who specialise in the real estate market.  We provide a unique range of services, from strategic advice on entering the market through to structuring a purchase, executing the transaction and managing investment to optimising returns.

Tax risk and resolution

Balancing financial reputation, regulatory requirements and a positive relationship with HMRC are crucial in the current tax environment.

Tax has an ever increasing profile as HMRC seek to ensure the right tax is paid.  Deloitte’s tax risk and resolution team has an in-depth understanding of HMRC’s risk assessment approach, current initiatives and legislation.  Our breadth of experience enables us to give informed and objective advice.

Using expert professional and technical knowledge we offer clear strategies for timely and commercial resolution to HMRC intervention.

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