Amicorp’s Global Family Office Services works with global families originating in diverse countries throughout the world. We deliver personalized service and management of Ultra High Net family wealth by utilizing a 360ᵒ approach in terms of a clear understanding of complex needs under a more regulated environment, understanding the family’s needs and desired goals in a compliant manner. We constantly update and inform the family decision makers on how their assets and structures are performing. We also aim to generate higher returns from servicing families in a more efficient and coordinated manner.
Your Global Relationship Manager
Amicorp is well placed to deliver on our promise, since we have a global presence and a platform with compliant robust products and services required by large global families. This is all coordinated through your dedicated Amicorp Global Relationship Manager, who is a subject matter expert with extensive international and academic knowledge. Our Global Relationship Managers are based in London, Zurich and Singapore, with access to professional services required by families such as banks, family litigators, art specialists, external investment advisors, trust lawyers, etc. They speak to and visit the clients on a regular basis in order to re-align the purpose of the structure and keep them informed of progress.
Why create a family office?
Increasing numbers of family offices have been set up during the last decade, and this trend shows no sign of declining. Indeed, with continuing wealth concentration, the natural desire of families to pass on assets to the next generations, and with rising globalisation, there is every reason to expect more family offices to be established.
However, smaller single family office cannot absorb increase cost of AML and administration and are consolidating with others into Multi Family Offices or closing down. In this case Amicorp can create a Virtual Family Office for families looking to achieve the benefits of a family office managing their financial and other affairs, but who do not wish to set up an actual company to do so.
They can opt for this solution by outsourcing all services to external providers of services and consultants.
Maintaining family wealth across generations is extremely complex, and families desire the facilitation of the inter-generational transfer of wealth, as well as a reduction in intra-family disputes. Creating and managing a global family office addresses these five core issues:
- Governance structure
- Interest alignment
- Higher returns
- Distinction between family business and family wealth
- Centralization of services