Every family office has unique needs, often reflecting complexities such as satellite offices and investments administered in multiple international locations
This brings new demands: both from the individuals the family office serves, and in meeting today’s more complicated and constantly changing laws and regulations. TMF Group can help manage this complexity and ensure the family office runs efficiently.
Ensuring the smooth running of family offices of all shapes and sizes
Whether you are running a single, multi- or virtual family office, preparing to enter a new market, or have existing investments and holdings across many countries, it can be extremely difficult to manage legal and operational requirements with numerous service providers.
TMF Group’s private wealth and family office team can take care of the details, across multiple service areas, in 86 jurisdictions and all delivered through a dedicated single point of contact. This leaves you able to focus on what’s really important.
We offer a highly flexible approach to family office management. We can provide bespoke outsourced services for existing family offices, a package of services particularly relevant for new family offices, or a package designed for those looking to restructure or move an existing family office to an alternative location.
How we can support you
TMF Group's private wealth and family office team has years of experience in assisting all kinds of family offices around the world. This means we can help you identify ways to simplify your operating model and minimise costs.
We are well positioned to work with your advisers to identify whether you are operating in the right jurisdiction to meet your needs.
Our private wealth and family office experts can help ensure you are making the appropriate tax filings in every jurisdiction in which you you operate. We will also make sure you are correctly meeting reporting requirements under CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act), as well as meeting the increasingly demanding economic substance requirements to achieve fiscal efficiency.
Our integrated business model makes cross-control of complex and locally-variable regulatory processes easy and efficient.
With experts on the ground in 86 jurisdictions, we ensure that your family office is always compliant, adapting to changes in local regulations.
Our team has the expertise needed to ensure the integrity and confidentiality of your family office data.
We are committed to our global accreditations and compliance programme, which includes:
ISO27001, an Information Security standard
Business Continuity Measures (BCM)
compliance with local rules and regulations
robust risk management framework
Know Your Client and anti-money laundering processes and services.
Furthermore, TMF Group has a data protection compliance framework to ensure compliance with GDPR and applicable data protection laws where TMF affiliates operate. Further details can be found in the TMF Group GDPR Statement.
We'll ensure you benefit from technological enhancements, making your family office more efficient.
We can support your HR and people strategy by providing HR and payroll services in-country, in the local language and in line with local laws and customs. We are focused on helping you stay compliant.
In addition, we can take on other day-to-day administrative tasks ensuring that your in-house resources devote enough time to your most valuable activities. Outsourcing to TMF Group can alleviate key person risk by ensuring you have a knowledgeable business partner working alongside your family office both now and long into the future.
What sets our services apart?
A dedicated team in 86 jurisdictions
Your dedicated client director within TMF Group is uniquely able to provide you with access to 125 wholly-owned offices in 86 jurisdictions – all managed through this single point of contact. They are on hand to help you, no matter where you or your assets are located.
TMF Group is the only company worldwide to provide the combination of fiduciary, company secretarial, accounting and tax, and HR and payroll services essential to the comprehensive servicing of both private wealth and family office clients across so many jurisdictions.
As a truly independent provider, we can work with your auditors, advisers and investment manager without any conflict of interest in corporate governance or local regulatory restrictions. We can act as an independent sounding board when needed.
Our global team can help family offices navigate international regulatory compliance. We know that each jurisdiction implements its own local regime with unique challenges, creating a maze of localised regulation. It is no wonder in-house compliance teams struggle to keep pace.
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. More than 10,000 colleagues in 125 offices across 86 jurisdictions provide local expertise. Our locations cover 92% of world GDP and 95% of FDI inflow.
We are a key part of our clients’ governance, providing the accounting, tax, payroll, fund administration and legal entity management services essential to their success. We make sure rules are followed, reputations protected and operational compliance maintained. We work with the majority of the Fortune Global 500, FTSE 100 and top 300 private equity firms.
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