Family Office Services in India

Family Office Services in India

“Family Office service in India delivers a disciplined approach in today’s complex & volatile financial markets which is very critical in successfully safeguarding and growing of wealth.”

Family Office services proposition goes much more than managing wealth. It provides solution for building, safeguarding and transferring family wealth and legacy.

A family office acts as a Chief Advisor or Personal CFO to HNI families, with a dedicated team of professionals who supervise and manage the complete financial affairs of our client families.

Key highlights of the Family Office Services in India are:

  • Your ‘Personal CFO’ with 360 º view
  • Work with your existing service providers from ‘your perspective’
  • Prudent investment knowledge & philosophy with access to best class of solutions across the market
  • Fiduciary responsibility & long term continuity
  • Independent advice linked to your interests with alignment of larger institution when required
  • Complete transparency
  • Institutional ownership of relationship with adequate checks and balances


What are ‘Family Offices Services’

Family offices services are private & professionally qualified wealth management advisory firms that serve Ultra-HNIs (high net worth investors). Family offices are distinct from traditional wealth management offices in this they offer a completely outsourced solution to managing the family’s financial and investment side. For example, many family offices services are insurance, budgeting, charitable giving, wealth transfer, family-owned businesses and tax services.


History of Family Office Services

According to the New York Times, the Rockefellers 1st family offices in the late 19th century. Family offices started gaining popularity in the 1980s, and then since 2005, as the ranks of the super-rich (HNI) grew to record proportions, family offices expanded proportionately.

There are two types of family offices services, multi-family offices services & single family offices services. Single family offices serve only one ultra affluent family while multi-family offices are more closely allied to traditional private wealth management practices, attempting to build their business by helping many clients. In addition, the family office also handles non-financial issues such as travel arrangements, private schooling, and various other miscellaneous household arrangements.


The benefits of a family office services are:

  1. An integrated service plan for your family’s complete financial affairs including wealth transfer strategies, investments, optimal ownership structures & proactive tax planning
  2. A comprehensive view to risk management service, so you know that your family and wealth are protected.
  3. A well thought-of investment policy and process that involves selection and oversight of money managers, consolidated performance reporting & effective diversification.
  4. Time saving and complexity management, by involving a family office act as the quarterback to harmonize and oversee all the components of family’s integrated financial affairs.
  5. The cost saving benefits of pooled purchasing power.
  6. Coordination of whole family’s professional advisors – including investment and insurance advisors, lawyers, accountants, etc – to ensure that family’s objectives are met and nothing falls through the cracks.
  7. A strategic approach to family philanthropy.
  8. The confidence that, if something uncertain happens to the main family decision maker, there will be someone who knows your family and your wealth to assist you manage through the transitions and your future generations.
  9. The proactive, niche, personalized and highly responsive service of an independently-owned, boutique firm.


What’s the difference between a family office services, a wealth advisor, my private bank and an asset manager?

The difference is independence. Family office services ideally are not affiliated with any asset manager, bank or financial institution. The advice they provide is highly objective and without any conflict of sales or a financial interest in advising any particular financial products or services.  A wealth manager represents itself in many legal forms – trust company, brokerage firm, private bank, family office, financial planner, multi-family office, etc.

Share this post?