Setting up or adapting the family office.
The office has to be set up, change shape, review its allocation or fill an empty seat, and has neither the time nor the expertise to do it alone. We lead the project hands-on, working with the office team and the family's advisers until it is done.
When this happens.
- A liquidity event has just made a family office an option, or the family is unsure what to do next.
- The office has grown, and its cost base and structure no longer match what the family uses.
- A new generation is taking over an office it did not design.
- The office has a project it cannot take on alongside the day job: a new jurisdiction, a reporting overhaul, a senior hire, an empty seat at the top.
What we do.
Whether the office is being built or rebuilt, the work starts on the family's side and follows the same order.
Vision
What the family wants the office to do, how involved it wants to be, and how it wants to work with it.
Structure
Decision rights, jurisdictions, governance, vehicles and the cost structure.
People
Who is needed, who is already there, and who should be hired. Where a seat is empty, a partner can hold it in the meantime.
Operations
The advisers, the investment policy, the reporting and the office's routine. Projects such as an audit of the office or a review of its allocation often start here.
Led by Isabelle Irani and Paul ReynoldsWhat the family keeps.
An office the family designed, sized for what it actually uses, with a team that knows what it is for. We hand the project back to that team when it is done.