Family and Business Advisory
As family wealth extends well beyond purely financial assets, addressing the challenges of multi-generational families, businesses, taxation, philanthropy and related issues require specialist advice.
Harris Fraser offers a specialist family advisory service to clients wishing to benefit from our experience in working with a wide group of professional intermediaries and wealthy families. We offer practical advice on family issues which takes into account each family’s unique situation and understands the underlying themes common to Asian-Pacific families.
Harris Fraser is able to leverage its extensive network to provide advice and introductions to forward the future growth of the business where such aspirations exist.
White Paper: An Examination of the Family Office Model in Major Financial Jurisdictions
This paper discusses family offices from several legal viewpoints and explores laws relating to charity being a normal addendum to the operations of family offices (Offices). It was the intention of this paper to focus on Singapore, Hong Kong and Australia, however, where more extensive (and pervasive or updated) literature was found (e.g. taxation and charity law), this was highlighted using major jurisdictions such as the United Kingdom and the United States. Of course Privacy law could not be examined, in the context of private wealth management, without touching on Switzerland.
Family business planning can either pose major risks to the family structure or serve as a tool to enhance family relationships. Well-considered advice can help make the difference by appropriately considering a family business governance system, rules of engagement for family members, family member advancement and compensation, leadership succession mechanisms to ensure continued family ownership, allowing liquidity and flexibility around individual participation
Helping families develop and implement a customized framework designed to improve profitable decision-making whilst reducing the risk of family conflict stand as key in our value proposition. This may include a number of activities but not limited to guidance in establishing a family mission statement or a family constitution, developing a family charter and family council, planning to enhance and establish the next generation, Philanthropy strategy.
The Family Office
Support in defining and designing the purpose and function of your family office or enhancing current arrangements. Advising on operating structure, governance, investment board and proactive risk management frameworks.