At some point, the financial success you’ve achieved may require a higher level of service that goes beyond what your current financial advisor or wealth manager are able to provide, in order to help you achieve all that you want in life for you and your loved ones. That is where the Virtual Family Office (VFO) comes in.

Unlike traditional family offices that only the super-rich can afford where they pay millions of dollars per year to various staff, a Virtual Family Office offers you the same kind of elite wealth management solutions from premiere experts in the areas of tax planning, estate planning, asset management, wealth preservation and more, without the need to hire your own salaried staff. 

 

HOW A VIRTUAL FAMILY OFFICE OPERATES

At the center of a Virtual Family Office is the client family or individual, supported directly by the VFO Wealth Manager who coordinates the efforts of other financial professionals on behalf of the family. The VFO Wealth Manager delivers high-end investment management products and services. He or she then draws on the skills and expertise of a broad array of specialists to deliver advanced planning products and services that go beyond investing—such as asset management, strategic tax planning and more.

The specialists who are part of a Virtual Family Office “fill in the gaps” by providing the expertise the coordinator does not personally possess. This is an important point, because no one professional—not even the smartest investor or tax attorney on the planet—will have all the knowledge and connections needed to serve the complex needs of affluent families. The people involved in family offices accept that fact. Instead of trying to be jacks-of-all-trades, these professionals do what they do extremely well—and then they collaborate with other specialists who are true experts in their specific area of financial and lifestyle management.

Some of the specialized services a VFO provides

Strategic Tax Planning and Mitigation
Asset Management and Protection
Wealth Preservation and Estate Planning
Business Succession Planning
Mergers and Acquisitions
Philanthropy and Lifestyle Management

Subscribe to the podcast