The Global Family Office of the Le Roux Family forms part of Le Roux Global and was established as a global network with private wealth management and investment advisory services to the associated families only. The objective of the Global Family Office was and is, to ensure wealth remains preserved for the future generations but also to ensure the family remains focused and driven to grow wealth responsibly and securely. The Global Family Office must at all times remain aligned with their future objectives and strategic investment strategies to secure the family’s financial future by building, preserving, and transferring family wealth and legacy to the future generations. Historically wealthy families in Europe typically transferred the complete wealth to the oldest son which turns out to be a massive mistake. The Le Roux Family abandoned this rule in the 1800’s in so doing allowing the most competent member to manage the financial affairs of the family.

 

Most wealthy families rely on single-family offices for full-time professional management of their family fortune. Therefore, the growth of the single-family offices have not gone unnoticed by private wealth management firms who have started offering family-office type services for Ultra-High-Net-worth Individuals and families. In the wake of the financial crises, wealthy families have a tenuous level of trust and confidence in banks, and increasingly prefer family offices. However, this goes far beyond just managing family wealth, advisory and investment services, estate planning, tax advisory, succession planning and preparation, philanthropy services, and inheritance of wealth transfer services. The Global Family Offices act as a wealth management advisor and provide solutions for their wealth sharing family members through trading in various assets and securities, evaluating investments, and conducting due diligence on various investment strategies and fund managers. They employ chartered accountants and tax experts to advise on complex taxation issues. In matters of philanthropy, family offices aid in charitable activities and managing tax implications. The Global Family Office specializes in managing the wealth of multiple generations within a family and advises on inter-generational wealth transfer and the financial security of the family’s future generations.

 

The Global Family Office acts as a central financial management solution that meets all the wealth management needs of the family and serves as a central source of information and advice on all of the family financial affairs. With the Global Family Office, the family enjoys the privacy and confidentiality and is better equipped to meet the needs due to their familiarity with risk portfolios, assets, and investment history. With the dedicated team of professionals, the global family office provides focused family goals and provides access to professional advisors and fund managers to oversee the financial affairs of a family. Finally, the global family office helps reduce costs by achieving a full balance sheet with financial management and investment solutions in one place and can therefore be more efficient when compared with wealth management firms.

 

It is therefore important to ensure that proper alliances exist with a Global-Family-Office that is able to break the gap between the old and the new.