Family Office Services
A Family office is an exclusive advisory firm that specialises in managing the significant wealth of wealthy families. They are privately held companies whose primary goal is to help ultra-high net worth individuals (UHNIs) grow and pass on family assets over generations.
In India, there are about 300 family offices, with an AUM (assets under management) of $100 Mn on average.
What Are The Types Of Family Offices?
Single family offices (SFO) and multi-family offices (MFO) are the two main forms of family offices.
While an MFO tends to the financial requirements of several wealthy families, an SFO concentrates on managing the wealth of a single family.
SFOs have a broader scope because they serve the interests of the entire family, whereas MFOs offer a more constrained range of services and focus on crucial professional abilities like financial and investment management, legal counsel, and trust and company services.
What Are The Services Offered By Family Offices?
Family offices in India offer following services:
- Wealth management: For UHNIs, family offices offer full asset and investment management.
- Financial planning: Developing specialised plans for managing risks and achieving financial objectives.
- Estate planning: Methods for transferring money smoothly across generations.
- Tax guidance: maximization of tax positions and observance of rules.
- Social Impact & Philanthropy: Family offices frequently assist families in their charitable endeavours. They support philanthropic giving and societal contributions.
- Legal & Compliance Services: Guidance on legal issues and compliance with regulations.
How Does A Family Office Differ From A Traditional Wealth Management Firm?
VIKA Wealth, provides end to end Succession and Estate Planning services including structuring, drafting Wills, setting up Trusts (charitable as well as private), drafting related documents such as Family Constitutions, EB5visas, Buying Real Estate Abroad, International Insurance, Shareholders Agreements, Settlement Deeds, Gift Deeds, providing Corporate Trusteeship and administration services etc in the most implementable and tax-efficient manner.
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Plot No. 104, Usha's The Felicity, Fourth Floor, Road No. 2, Kakatiya Hills, Jubilee Hills, Hyderabad, Telangana 500033
Copyright © 2025 VIKA WEALTH – All Rights Reserved.
Quick Links
Services
Contact Info
Plot No. 104, Usha's The Felicity, Fourth Floor, Road No. 2, Kakatiya Hills, Jubilee Hills, Hyderabad, Telangana 500033
Copyright © 2025 VIKA WEALTH – All Rights Reserved.