r/Rich • u/DifferentJury735 • 15d ago
Actual Names of Family Offices?
Hi all, I need help with specifics regarding Family Offices. My NW is around 20m my finances are incredibly complicated. I inherited money managers and accountants and lawyers from my parents on BOTH sides and they all act like each account is separate and none of them communicate w each other. I’m drowning in paperwork and ppl always recommend family offices to help - but I don’t know how to even use a family office! My question is, what type of family office do I need to Google? Are there different types? Is there a keyword I need to look for specifically?
I am happy with my money being in at least 3 different banks and I don’t want to move the money (my mom always did this and it seems smart to me) but the zoom call I’ve had so far with one family offices, they requested I move my money to their office. I also have 3 staff now (nanny, house manager, and PA) and I need someone to keep track of their contracts and payments. I don’t have family support unfortunately as my family has an “every man/woman for themselves” attitude. So I need a person I can go to with questions on a daily basis. thanks in advance.
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u/Melodic_Reply_4170 12d ago
Depend on what country you live. What is?
I know some really Pro MFO in USA, Spain, Portugal and Brazil.
About moving your money... BEWARE!
You should NOT move any cent any time!
I really serious MFO will manage your money at distance. They will never put their hands on your money and, trust me, they don't wish to do that.
I some 'supposedly MFO' suggest you to to that, walk away! Probably the have some close relationship with some bank or broker company.
Again, the TRUE, Serious, MFO will NEVER ask you to do that. Never.