NRI Support

"The only thing you take with you when you’re gone is what you leave behind." ~ John Allston.

What is a family office?

As concerns about wealth preservation and succession planning within family businesses continue to rise, NRI’s are increasingly evaluating the benefits of taking up a family office services.

There are many reasons why setting up a family office makes sense, but at the root of these is the desire to ensure smooth inter-generational transfer of wealth and reduce intra-family disputes. This desire inevitably increases from one generation to the next, as the complexity of managing the family’s wealth grows.

Without being exhaustive, the following points set out the reasons why a family office makes sense:

• Privacy and confidentiality: For many NRI’s, the most important aspect of handling of their private wealth is privacy and the highest possible level of confidentiality. The family office often is, and should be, the only entity that keeps all the information for all family members intact.

• Alignment of interest: A family office structure also ensures that there is a better alignment of interest between advisors and the family. Such an alignment is questionable in a non-family office structure where multiple advisors work with multiple family members.

• Potential higher returns: Through the centralization and professionalization of asset management activities, family offices may be more likely to achieve higher returns from their investment decisions within the given risk for all family members.

• Governance and management structure: A family office can provide governance and management structures that can deal with the complexities of the family’s wealth transparently, helping the family to avoid future conflicts. At the same time, confidentiality is ensured under the family office structure, as wealth management and other advisory services for the family members are under a single entity owned by the family.

• Risk management: Family offices allow for operational consolidation of risk, performance management and reporting. This helps the advisor and principals to make more effective decisions to meet the family’s investment objectives.

• Centralization of other services: Family offices can also coordinate other professional services, including philanthropy, tax and estate planning, family governance and education, to meet the family’s mission and goals.

Why consider a family office?

Over our decades of working with some of the wealthiest NRI families, we’ve observed the families who successfully sustain their wealth across multiple generations – that is, enjoy, grow and ensure it benefits family members – manage the family wealth as they would a business enterprise. They create a wealth enterprise.

You certainly need the services, we offer. To get them, you could contract with individual providers such as a financial advisor, accountant, attorney & real estate advisors. They’ll work for different firms, are paid separately and may or may not communicate with each other. (If they do, it’s generally at your instruction.) Or you hire a family office to provide and coordinate all these professional services.

If your assets are about $1 million+, you can consider us as your family office. You’ll have access to talent, counsel, intellectual capital and systems. One hundred percent of the professionals’ time is dedicated to helping you grow, preserve and transfer your wealth.

Choosing Your Family Office

It takes the broadest suite of services to realise your family office requirements.

What matters to you, matters to us.

With wealth comes choice. And with choice comes uncertainty. Especially when it comes to your family’s specific wealth needs, that we understand are challenging, complex and highly personal. To help you untangle your specific requirements and provide a clear route to the right solution, ask yourself this simple question

Can my wealth work in all the ways I want it to?

To map out and meet the requirements of that question, without constraint or compromise, we believe it takes two key attributes – real understanding and first-hand experience.

Join us

"When you walk through the our door, you become part of the NRI Support Family."