Do multi-millionaires keep busy managing their asset portfolios?
No, they don’t – and they shouldn’t have to! Most of their assets are in the form of trusts or joint-stock companies,
invested in real estate, or in a production facilities.
A growing number of families are turning to a Family Office, realizing that the specific problems they face can only
be adequately addressed with such services that go beyond traditional asset management. It is the responsibility of
the Family Office to manage a millionaire’s empire in line with the family’s long-term goals.
At UNIKOM AG, we believe that every wealthy family has five key goals, the priority of which should
be clearly defined.
Long-term family goals
 Maintaining confidentiality
and security
It is altogether possible that your family and family business could be subjected to an outside attack. In this scenario,
it is the Family Office’s job to ensure the confidentiality of all aspects concerning the allocation of capital within the
family, in order to rule out any unlawful attempts to seize property or any illegal actions targeting family members.
Maintaining control over
the family business
The family business is what has allowed your family to achieve the wealth that it holds today. Ideally, your business
should be passed down from generation to generation. It is the responsibility of the Family Office to help shape the
legal structure in order to guarantee that these assets will be passed down to future generations.
Maintaining harmony within
the family
 Without peace
and harmony within the family, it is practically impossible to keep control over
family assets. Conflicts often lead to poorly thought-out actions, which could cause difficulties
for the family’s financial standing (for example, the sale of stock in the family business, which could lead to loss of
control over the company), in addition to impacting the psychological state of family members.
The Family Office, when entrusted with the complete faith of the family, is responsible for ensuring that conflicts do
not get out of control. The Family Office will offer compromises as solutions that suit all of the parties involved,
even if the solutions are not always the most cost-efficient option.
Achieving the personal
goals of family members
When families are large and there are many branches in the family tree, it is very likely that many family members –
particularly younger ones – will have personal goals that are not related to the family business, that generated the
family’s wealth. The Family Office should be involved in the personal interests and projects of family members and
offer support. The Family Office can help select the top educational institutions, or the best legal and financial
aid when pursuing one’s personal interests and projects.
Streamlining family
assets
Your capital should work for your benefits. Individual family wealth financial planning is one of the key areas of
advice. The Family Office should offer the family the best possible options for using its assets. Its duties include
monitoring the market and selecting the most promising investment opportunities (businesses, real estate, luxury items,
etc.).
Quite often after turning to UNIKOM AG, a family will come to fully understand the kinds of assets
and capital that it owns, and just how productively these assets are working.
We will help you achieve your family’s long-term goals, in the interest and for the benefit of all family members.
The Family Office is the only tool you will need to manage your family’s fortunes and create a legacy.
|
