Advice group launches new ‘family office’ model

Advice group launches new ‘family office’ model

A financial advice group has launched a new technology platform designed to replicate "family office" type advice for mass affluent consumers, giving businesses and individuals a single point of contact for financial advice.

According to a statement, Findex's new Family Office will allow individual advisers to “access an expanded suite of services” such as tax, wealth management, risk consulting, lending and insurance, and prevent their clients having to deal with multiple specialists.

“In the past, only high net-worth individuals and businesses had access to Family Office-style services,” said Findex chief executive Spiro Paule.

Findex says the new platform will make “the same philosophy and capabilities” of traditional family office services available to individuals and family-run businesses, and will remove the “disjointed, expensive advice” typically offered to businesses.

“After building a company with more than 1800 advisors in key financial areas, we can make this advice and service accessible to individuals and businesses of all sizes, giving them the same services and quality advice,” Mr Paule said.

The new Family Office platform utilises data from 140 financial services programs used across different parts of the business to provide a “one-stop shop” for family-run businesses to manage their financial situation, Findex said.

Advice group launches new ‘family office’ model
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