Family Offices are often responsible for all aspects of their client’s financial wellbeing. This goes well beyond traditional investment management and requires a well-coordinated, collaborative effort by a team of professionals from the legal, insurance, investment, estate, business and tax disciplines to provide the scale of planning, advice and resources needed.
Families can face several obstacles when trying to maximize their legacy including confiscatory estate taxes, complex estate laws, and complicated family or business issues. Family offices consult with or employ a team of advisors from each of the necessary disciplines to ensure the family’s wealth transfer plan is well-coordinated and optimized for its legacy desires.
As a trusted insurance advisor to multiple Family Offices, CFG has vast experience addressing the complex insurance planning needs of UHNW families. This typically includes, estate planning, multi-generational wealth transfer, and tax-efficient investment structures.
Beyond the planning needs of the family, CFG also consults with Family Offices to implement compensation and retirement benefit solutions to attract and retain key employees. This is often an overlooked area of great importance to the family as the unexpected loss of a trusted employee or longtime advisor can be disruptive and stressful.
Contact CFG to find out more about how we can bring unique solutions to your Single or Multi-Family Office.