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Why family offices are here to stay

Family Governance
This insight is about
Family governance
Family office
Wealth planning

Why family offices are here to stay

Nov 4, 2022

There has been a huge uptick in the use of family offices recently, but what exactly can a family office do for you?

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Why family offices are here to stay: Part 1 Watch the video: Why family offices are here to stay
In the first of a series on governance in family offices, Russell Prior, Regional Head of Family Governance, Family Office Advisory and Philanthropy, and Andra Ilie, Senior Advisor, at HSBC Private Banking in EMEA discover that family office means different things to different individuals. But the increase in their use is professionalising the sector, helping individuals to control their wealth and manage their risks.

Why does Governance matter in family offices?

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Governance in family offices: Part 2 Watch the video: Governance in family offices: Part 2
In the second of a two part series on governance in family offices, two of our specialists; Russell Prior and Andra Ilie, take a detailed look at why governance matters in family offices, including some of the issues involved in developing it and how it can improve the longevity of family wealth.

This material is issued by HSBC UK Bank plc which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK. It has been issued for your information purposes only.

Please note that HSBC does not provide tax or legal advice and clients should seek professional advice from their tax advisor. Any reference to tax is based on our knowledge of the current and proposed tax regime and is subject to change.

In the United Kingdom, this document has been approved for distribution by HSBC UK Bank plc whose Private Banking office is located at 8 Cork Street, London, W1S 3LJ.

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