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David John
Angemeldet seit:
24.04.2022
Beiträge: 277
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Family offices should also anticipate occasional conflict, even in a family that gets along well. Divorces, remarriages, career choices and interpersonal disagreements can all strain relationships. In addition to emotional upheaval, that strain can have legal and financial consequences. Communication is essential, and the office should facilitate it while shielding the family's assets from poor investment decisions or reckless choices. This role requires both expertise and tact. Successful family office managers may also devise creative solutions to resolve such conflicts, at least with regard to the family's legal and financial affairs.
A family office, much like other client service-oriented firms, will rise to excellence through a combination of attention to detail and creative problem-solving. Rather than simply performing tasks family ***** members would rather not do themselves, office managers should add value through sound advice, reliable and transparent structure, and enough flexibility to meet a family's changing needs. Whether providing services within the office or engaging outside professionals, a family office with high standards of service will repay the large trust the family has placed in it.
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