How does a private office work?

Chris Broome – Chartered Financial Planner

Longhurst - Legacy

A private office is a private wealth management entity that serves a single wealthy family, providing financial, investment, tax, legal, and other services to manage and preserve the family’s wealth.

A private office typically provides services such as:

1.  Investment Management: Private offices handle the family’s investments, including managing portfolios, allocating assets, and selecting investment managers.

2.  Tax and Legal Planning: Private offices provide tax and legal planning, including estate planning, tax preparation, and philanthropy.

3.  Wealth Preservation: Private offices help preserve the family’s wealth by managing risks, such as estate planning, insurance, and risk management.

4.  Family Governance: Private offices help families establish and maintain governance structures, such as family councils and boards, to manage and preserve the family’s wealth and legacy.

5.  Philanthropy: Private offices help families establish and manage charitable foundations and other philanthropic endeavours.

6.  Specialised Services: Private offices may provide specialised services such as travel planning, executive and relationship/family coaching, plus many others.

Next steps

Longhurst provides a private office service, to a limited number of households, catering to an extremely specific wealth management and advisory need.

Our Legacy® service takes an innovative approach to wealth management, defined by the purpose of what wealth means to you.

If you have any questions about any of the above, or you would like to find out more about our Legacy® private office service, please visit our website or get in touch.