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Don’t pick a family office without these considerations

The track record of a family office is an important factor to consider when choosing a provider. Look at the family office's historical performance to see how they have performed in different market conditions. Also, ask for references and speak to other families who have worked with the family office to get a sense of their experiences. You can then look into the top asset management companies in India and pick one that feels right. <br>

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Don’t pick a family office without these considerations

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  1. Don’t pick a family office without these considerations www.avendus.com/india

  2. Define needs and goals Determine your requirements and objectives before shopping for a family office. What services do you require? Are you looking for help with investment management, estate planning, tax planning, or all of the above? Do you have any specific goals, such as preserving your wealth, growing your wealth, or making philanthropic contributions? Understanding your needs and goals can help you narrow down the universe of family offices to those that are best suited to your specific requirements. www.avendus.com/india

  3. Look into the track records The track record of a family office is an important factor to consider when choosing a provider. Look at the family office's historical performance to see how they have performed in different market conditions. Also, ask for references and speak to other families who have worked with the family office to get a sense of their experiences. You can then look into the top asset management companies in India and pick one that feels right. www.avendus.com/india

  4. Understand their fee structure The fee structure of a family office can vary widely, and it's important to understand how fees are charged before signing on. Some family offices charge a percentage of assets under management, while others charge a flat fee or hourly rate. Also, consider any additional fees or expenses that may be charged, such as transaction fees or travel expenses. You should also think about concepts like mergers and acquisitions. www.avendus.com/india

  5. Understand their tech and resources Technology and resources can play a critical role in the success of a family office. Look for a family office that has access to cutting-edge technology and resources, such as financial planning software and research tools. Also, consider the family office's network of professionals, including attorneys, accountants, and other advisors. All of this should play a significant role in your final considerations and decision before you move on. www.avendus.com/india

  6. Evaluate culture and values The culture and values of a family office can impact your overall experience. Look for a family office that aligns with your own values and has a culture that is conducive to building long-term relationships. Also, consider the family office's communication style and responsiveness. In summary, choosing the right family office requires careful consideration of a variety of factors, including your needs and goals, the family office's expertise, track record, size and structure, fee structure, technology and resources, regulatory compliance, and culture and values. www.avendus.com/india

  7. Thank You www.avendus.com/india

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