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What Is a Family Investment Office?
Family investment offices are companies that manage the assets and wealth of individual or multiple families. They handle all aspects of wealth management, such as investments , tax planning, charitable donations, buying/selling properties and providing financial and personal advice to their clients.

They manage their clients' portfolios by applying investment strategies tailored to each individual's financial requirements. This may involve a range of asset classes such as equity, bonds, fixed income, alternative investments and real estate.

Family offices often prioritize wealth preservation, but are increasingly looking for ways to align their investment strategy with societal causes and global concerns. For instance, many family offices are now investing in companies or funds that are addressing pressing societal issues such as climate change, healthcare access or education.

To achieve success for a family business, it is necessary to identify and assess an array of assets and services that is aligned with its values, goals and priorities. This process is commonly referred to as the "one-pager", and typically involves carefully considering specific "fit" issues such as interests, experiences and past successes or failures.

An one-pager review typically takes 5-10 minutes and helps investors decide if the opportunity appeals to them. Most will move on to the next step in evaluation, which could involve a phone call or face-to-face meeting with an investment partner.

Investors typically invest in funds and companies with a proven record of producing strong returns, managed by experienced executives. Depending on their preferences, investors might take into account factors like culture, leadership qualities, growth potential, risk/return profile.

Family offices may be interested in financing an entrepreneurial company that introduces new technologies and disrupts an industry. If successful, this type of innovation can drastically change how people live and work.

Family offices are increasingly investing in private equity as a result of the UBS 2020 Study, which found that family offices allocate more than 20% of their assets to this asset class due to increasing risk tolerance and an appetite for greater control over the investment process.

Additionally, active investors tend to be more active than the traditional passive approach and seek higher returns in less volatile environments. This trend has been magnified by the leadership of next-generation family members who prioritize long-term growth strategies.

Family offices face numerous difficulties when managing their investments , such as data privacy violations, intricate ownership structures and the inability to efficiently transfer sensitive information to reporting and accounting systems. To address these problems, several innovative solutions have been created in order to streamline investment data handling and reporting for family offices.

Mirador: With decades of industry expertise, Mirador's expert team utilizes cutting-edge technology for family offices to collect assets, organize them, and reconcile the data - giving families a comprehensive financial picture so they can quickly make informed decisions.
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