Family offices and multi-family offices established in Monaco. They support families and individuals in organising, managing and passing on their wealth.
A family office coordinates all of a family's wealth affairs: monitoring of investments, property and companies, administrative organisation, preparation of succession. It works with the family's banks, managers, lawyers and tax advisers, whom it selects or supervises. A multi-family office provides these services to several families at once.
The firms in this category
Depending on their activity, the firms in this category offer wealth advisory, administration of structures, monitoring of investments or practical services for families. They most often fall under code 6619G Activities of non-productive units holding movable assets, or management consulting. Each firm's listing sets out its services and its clientele.
It is a firm that provides several families with the services of a family office: coordination of wealth, monitoring of investments, administrative organisation and preparation of succession. The costs of the structure are thus shared among several clients.
Does a family office manage investments itself?
Not always. It may entrust portfolio management to banks or management companies, which it chooses and oversees for the family. Each firm's listing sets out the services it provides itself.
Who are family offices for?
Families and individuals whose wealth includes several types of assets, such as financial investments, property or shareholdings in companies, and who wish to entrust its coordination to a single contact.
