For Family Offices, the typical document list required includes:

 

1. Family Charter or Mission Statement:

• A formal document that outlines the values, goals, and long-term objectives of the family and its investments.

 

2. Wealth Management Strategy:

• A comprehensive investment strategy that details asset allocation, investment policies, risk tolerance, and goals for wealth preservation and growth.

 

3. Organizational Structure:

• Documents that describe the governance structure of the family office, including the roles and responsibilities of key individuals, committees, and decision-makers.

 

4. Investment Policy Statement (IPS):

• A document outlining the investment philosophy, asset allocation guidelines, risk management policies, and performance benchmarks.

 

5. Estate Planning Documents:

• Wills

• Trust Agreements

• Power of Attorney

• Documents relating to the distribution of family wealth across generations and tax planning strategies.

 

6. Financial Statements:

• Balance Sheet (listing assets, liabilities, and net worth)

• Income Statement.

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