Advisor basics
multi-family office
A multi-family office is a team that coordinates investments, tax, legal, insurance and estate work for more than one family, instead of leaving each advisor to work alone.
A multi-family office (MFO) is one team that manages the whole financial picture for several families. The SEC describes a family office as an entity set up by wealthy families to manage their wealth and provide services such as tax and estate planning. A multi-family office does that work for more than one family.
For example: a couple has an investment manager, a CPA, an estate attorney and an insurance agent. None of them see the full picture. In an MFO, one team lines up the tax return, the trust, the insurance and the giving plan so they fit together.
The main value is coordination. A gift of stock affects your tax return. A trust affects your heirs and your taxes. An MFO treats those as one plan.
For families who also want to give, coordination helps even more. Seek First is a faith-based wealth management firm and multi-family office. It describes its method as the Comprehensive Financial Strategy, built on five pillars: taxes, investments, legal, insurance and goals.
Learn how it works on our multi-family office page, or see the comparison with a standard wealth manager.
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