Addicus Finds More People Moving to a Multi-Family Office
Oxford, MS (PRWEB) July 30, 2013 -- Today Addicus released its findings that more families are moving toward Multi-Family Offices (MFOs) for their family wealth planning services.
MFOs attract the financial elite because banks, wirehouse advisors or a family attempting to manage funds themselves cannot match an MFO’s expertise and benefits. Most banks and financial institutions would admit their core competency is not overall wealth planning. When you get to the heart of it, these institutions only manage money. They are not in the business, nor do they want to be in the business, of giving advice to their client regarding their overall wealth strategies, and their total portfolio, which does not only include their marketable investment assets but businesses, real estate, and other ventures.
"Our clients have multiple concerns regarding their liquid and illiquid assets," says Stephen D. Miles, principal of Addicus. "They are looking for someone to help solve the complex issues surrounding their total estate. A multi-family office like Addicus brings a level of expertise, thoroughness and precision that often makes a dramatic impact on the family’s accumulated wealth."
Most families believe that it requires a net worth in excess of $100 million to work with a MFO. Addicus disagrees with this sentiment and believes families who fall under this number can also benefit from their MFO services.
"There are a great number of families who deal with complicated transactions in the $10 to $100 million net worth range that need competent and independent advice,” says Drew Adams, principal of Addicus."Our clients receive recommendations based on taxation, family legacy, business control, and other factors that are defined by what is most important to them."
To find out more about multi-family offices and how Addicus can help, visit http://www.weareaddicus.com or call (662) 550-2051.
About Addicus
Addicus is a full service firm driven by real-world economics, not theoretical finance. Our global perspective and approach often challenges conventional wisdom with amazing results. We specialize in providing services usually reserved for family offices of the world’s top earners providing our clients a boutique style approach with a personal touch. Addicus’ Private Wealth Development services start with a discovery phase by piecing together a full and thorough profile of one’s personal and business finances. Leading with your mission statement, Addicus designs and uniquely crafts a playbook to accomplish your goals and initiatives. Contact Addicus today and get started with a playbook of your own. Please visit http://www.weareaddicus.com
Disclaimer:
Addicus is a Mississippi Limited Liability Company. Pursuant to U.S. Treasury Regulations known as Circular 230, unless otherwise expressly indicated, any federal tax advice contained in this communication, including attachments and enclosures, is not to be used for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax related matters addressed herein. Addicus, LLC is not in the business of selling investment products or giving investment advice. This message may not be copied or distributed without this disclaimer.
Britton Holleman, Addicus, http://www.weareaddicus.com, 662-550-2144, [email protected]
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