Is a Family Office Right for You?
Depending on your family's situation and the complexity of your life, a family office may be an efficient way to simplify and achieve your family goals.
At Hemenway & Barnes, we offer a commitment to the family of means with a range of expertise rarely found in one firm. Our goal is to be the first call when you or any other members of your family have a question. We place a high value on getting to know your family and you should feel free to talk to any member of our team. This emphasis on developing and maintaining a relationship over time means that our work by definition is not transaction based. Instead, we attend to a variety of needs, all designed to help you simplify your lives.
Family offices can address a range of needs:
- Protecting family wealth
- Managing investment risk
- Improving family cohesion and generational transition
- Clarifying governance of the family wealth and how the family stewards its wealth
- Managing family philanthropy
- Managing the transition from owner operated family businesses
- Managing the personal affairs of family members
- Providing privacy and security
What services does Hemenway & Barnes offer?
When structured appropriately and managed well, a family office coordinates the stewardship of assets and organizes business, personal and in many cases philanthropic interests. We know every family is different and a family's needs change over time. As a multi-family office, we can customize the services we provide so they are appropriate for your family. For some families, that means providing a "one stop" solution. For other families, it is managing the big picture and coordinating the services of multiple advisors or consulting in the establishment or administration of a single-family office.
Who can benefit from a family office?
Families come to us for many reasons. Some need help managing complex portfolios, others have had a recent liquidity event, some are looking to enjoy the fruits of their labor, and others want help defining their charitable giving. Whether their wealth is inherited or newly acquired, we offer a deep bench of resources to help simplify complex lives.
Is a family office right for you?
Contact one of our Family Office Advisors to learn more.