Insights

What is a Family Office?

03.15.24

The concerns of high-net-worth families are often complex, and our team of highly experienced professionals provides streamlined solutions. We empower our clients to make educated, thoughtful decisions by overseeing everything from taxes and accounting to business issues and offering professional, detailed advice.

A family office team works to assist high net worth and ultra-high net worth families preserve prosperity and provide educational resources to future generations. By providing a single point of contact to handle financial needs and others, MAI’s family office team works to minimize stress and streamline processes.

By providing integrated and expansive solutions, the MAI family office team helps solve complicated issues. Some services provided include aggregated reporting, institutional level investment management, insurance & risk management, comprehensive document & entity management, trust & estate planning, taxes, accounting, bill pay, lifestyle support, family governance, and philanthropic guidance.

Do you need family office services? The families our team serves typically answer “yes” to one or more of the following questions:

  1. Do you hold institutional level financial capital? (Generally defined as greater than $25 million)
  2. Do you hold assets across various investment managers, custodians, and private deals?
  3. Do you have multiple, complex legal entities? (Trusts, partnerships, LLCs, Foundations)
  4. Do you spend a great deal of time managing communications with your CPA, attorney, insurance broker, or banker?
  5. Are you worried about the impact of your wealth on your children and/or future generations?
  6. Do you want to provide a trusted, central resource for your spouse and children?
  7. Do you want to minimize stress surrounding financial matters?
  8. Do you have the desire to leave behind a philanthropic legacy?
  9. Are you apprehensive about your personal/business strategy or about obtaining competitive fees and prices on products and services?
  10. Are you concerned about your level of potential income tax or estate liabilities?
  11. Do you have recent or pending transactions? Recent or pending turnover in service providers?
  12. Do you want to learn the best practices of others in similar situations?
Family Office Call To Action

Information updated as of 03.8.2024. Please send your questions, comments, and feedback to: info@mai.capital. The opinions and analyses expressed herein are subject to change at any time. Any suggestions contained herein are general, and do not take into account an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change. Distribution hereof does not constitute legal, tax, accounting, investment, or other professional advice. Recipients should consult their professional advisors prior to acting on the information set forth herein. In accordance with certain Treasury Regulations, we inform you that any federal tax conclusions set forth in this communication, were not intended or written to be used, and cannot be used by any taxpayer, for the purposes of avoiding penalties that may be imposed by the Internal Revenue Service.

We look forward to learning about your financial goals.

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