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Family Office Services for High Net-Worth Individuals.

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Presentation on theme: "Family Office Services for High Net-Worth Individuals."— Presentation transcript:

1 Family Office Services for High Net-Worth Individuals

2 2 Raveh Ravid & Co. Business Profile Established 1986 Firms complement: five partners, forty staff Professional services: Auditing Taxation Management consultancy Solutions & business guidance for companies & private investors in Israel and overseas Family Office Services

3 3 Raveh Ravid & Co. Worldwide Presence Israeli member of Russell Bedford International (RBI), an international network of CPAs with representation in over 70 countries in Europe, the USA, Africa, Asia & Australia The global network enables the firm to offer its clients varied and tailored solutions to international issues regarding tax, investment and business management

4 4 Family Office Services for High Net-worth Individuals Objective To assist the client to create a management & control system over all his/her financial assets Service components Asset allocation Planning asset designation & usage Implementation of required changes Supervision, control & routine reporting on financial assets deposited in various banks Reporting to various statutory institutions Routine consulting services

5 5 Family Office Services for High Net-worth Individuals Q: Who will benefit from the service? A: Individuals whose personal wealth exceeds $5 million Personal wealth comprises: Cash & deposits Tradable securities Private equity investments Real estate assets Future receivable assets

6 6 Family Office Services for High Net-worth Individuals What are the benefits? Ordered management of assets and investments Ordered & methodical thinking regarding short & long term investment strategies Expertise of the firms local & international investment managerial associates Implementation of effective tax planning for clients and their families The firms ability to secure preferred conditions for its clients

7 7 Family Office Services for High Net-worth Individuals Process implementation – stages Planning Implementation Control Reporting

8 8 Family Office Services for High Net-worth Individuals Stage 1 – Planning Review with the client parameters for determining an investment strategy. A one-time familiarization with clients needs: Total wealth & its composition Clients age, family status Income sources (salary, real estate, etc.) Investment objectives (livelihood, standard of living, wealth preservation, financing, etc.) Risk level Reference currency Investment diversification policy (local or overseas investment and type of investment) Next generation needs Tax planning

9 9 Family Office Services for High Net-worth Individuals Stage 2 – Implementation Selection of relevant financial institutions and investment managers Criteria for selection of investment managers Specific expertise or general management Geographical location of investment managers Reputation Point of direct working contact with the client Investment management record Commission structure At the end of the process the risk level and investment policy for investment managers are defined

10 10 Family Office Services for High Net-worth Individuals Stage 3 – Control Control over portfolio managers vis-a-vis implementation of agreed upon policy Review commissions paid as per agreements 100% review of account withdrawals

11 11 Family Office Services for High Net-worth Individuals Stage 4 – Reporting a.Reporting to the client Routine reports are prepared by a professional team Composition & yield of financial assets Status of investment in other assets Profits or losses (capital gain, interest income, dividend) b.Reporting to governmental institutions & other entities Income tax – routine handling & reporting half-yearly & yearly Bank of Israel – quarterly reporting of overseas assets Other entities (as required by the client)

12 12 Family Office Services for High Net-worth Individuals The extent of the firms working experience with banking entities extends to:

13 13 Family Office Services for High Net-worth Individuals Service costs Cost of the service is dependent on the following components Scope & fund allocation Asset complexity Levels & frequency of reporting

14 14 Family Office Services for High Net-worth Individuals Raveh Ravid & Co. C.P.A. 32A Habarzel St. Tel Aviv 69710, Israel Tel: Fax:


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