
Family Office Services
Definition
Family office services provide comprehensive and personalized support to HNWI (High Net Worth Individuals) and UHNWI (Ultra High Net Worth Individuals) for wealth management and estate structuring. This exclusive service aims to address the full range of financial, tax, and administrative needs of affluent families.
The main components of family office services include:
Support for HNWI/UHNWI in the day-to-day and strategic management of their wealth.
Integrated wealth management, including asset management and the design of a bespoke investment strategy.
Assistance with tax-related matters while complying with applicable regulations.
Estate planning to organize the transfer of wealth in an efficient and secure way.
Regular and transparent financial reporting for accurate monitoring of investments and family assets.
Management and administration of family funds, helping to centralize and structure assets.
Support for philanthropic initiatives, assisting clients with charitable projects and social impact strategies.
In summary, family office services offer comprehensive, tailor-made, and confidential wealth management for affluent families, combining financial, tax, and administrative expertise to ensure the preservation, sustainability, and development of family wealth.
Types of Family Office Services
There are two types of family office structures:
SFO (Single Family Office)
MFO (Multi-Family Office)
The difference between an SFO (Single Family Office) and an MFO (Multi-Family Office) lies mainly in their structure, clientele, and level of customization.
SFO – Single Family Office | MFO – Multi-Family Office |
|---|---|
| A structure dedicated to managing the wealth of a single affluent family. | A structure that manages the wealth of multiple families. |
| Objective: Provide highly personalized services (financial management, taxation, estate planning, philanthropy, etc.). | Objective: Pool costs while offering services similar to those of an SFO, but shared among several clients. |
Multi-Family Office Services at Societe Generale Private Banking
At Societe Generale Private Banking, our experts—based in France, Luxembourg, Monaco, as well as Italy and Belgium—provide a dedicated value proposition for Multi-Family Offices through the following services:
Multi-jurisdiction tax engineering
Foreign currency financing
European mortgage financing
Yacht financing
Real estate asset monetization
White-label funds
Bond carrying mandates
Structured product mandates
Private equity mandates
Direct access to the trading floor
Access to derivative products
Private markets investment platform
Real estate block transactions
Philanthropy services
Art banking expertise
This unique framework aims to deliver complementary dedicated solutions leveraging the capabilities and geographic footprint of Societe Generale’s private banking network.
