Why do family offices need wealth planning?



 When it comes to family offices, planning and managing wealth for the entire family are core capabilities. However, wealth planning goes beyond mere investment management. It covers the sum of arrangements to grow, preserve, protect, and transfer family wealth. It comes with legal, financial, and tax planning to achieve the ground plan's objectives.

Thus a family's legacy and values play an essential role in preserving wealth over generations. A thorough assessment and alignment ensure that individual family members contribute to the family unity and preservation of family wealth. 

Based on a shared understanding of the family's values and purpose of wealth, family offices can design and implement tailored investment strategies to preserve and grow wealth.  

Designing individualized investment strategies

Family offices are highly specialized wealth management service entities. However, a family office needs to be integrated into an overall wealth planning framework to achieve the best results. At Centro LAW, we specialize in designing individualized family office concepts and assisting wealth owners and their families in defining investment strategies based on their values. We make sure that the purpose of your wealth is identified, captured, and executed in highly professional wealth management ecosystems.  

Get in touch with us to learn more about our holistic wealth planning and management approach for individualized results.

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