Carey Group l Monaco Private Client Services

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Monaco Private Client ServicesFamily OfficesA family office is created to assist with the administration of a family’sprivate affairs, and can provide investment management, fiduciary (trust& estate) and concierge services.But setting up a family office is more than setting up a trust andcorporate structure. It means understanding the requirements andobjectives of an individual or family and helping, with other advisers, tobuild a structure that will safely and efficiently manage wealth today andcreate a legacy for future generations.We set up bespoke family offices including, as required, the fiduciaryand governance structures, advising and selecting locations and hiringpersonnel.Our team also has extensive experience of managing large privatesingle family offices in-house as well as assisting governments with theintroduction of legislation for family offices.“ We set upbespoke familyoffices including,as required, thefiduciary andgovernancestructures,advising andselecting locationsand hiringpersonnel.”W: www.careygroup.gg
Monaco Private Client ServicesReporting & estate planningFinancial & Legal ReportingIt is not always clear to a client how much wealth he has, which assetshe has, the costs associated with each asset or how certaininvestments are truly performing.Carey Group is able to provide a comprehensive financial reporting ofall a client’s global assets.This report is tailored to each client’s individual requirements andprovides a regular snapshot of assets and liabilities, income, costs andprofitability – by asset.The report can be used as a management tool to understand theperformance of investment portfolios, where professional costs arebeing spent or whether aircraft spending is over-budget.Information & Estate Planning“ Carey Group isable to provide acomprehensivefinancial reportingof all a client’sglobal assets.”An individual can arrive at a situation where it is not clear which assetsare held, where and what their current valuations are.Title to the assets may be spread over several continents as assets andstructures are managed in different countries by different entities andownership documents stored elsewhere. It has been known for familiesto spend significant fees and time sorting out a deceased’s estate as aresult.One solution is to create an estate plan. The first step of this plan is toset out what assets are owned both in structures and personal names,where these assets are, where the title documents are and their currentvalue.The assets can then be controlled and managed more effectively, a taxefficient strategy can be created and a coherent succession planformed.W: www.careygroup.gg
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Carey Group l Monaco Private Client Services

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