Family Office
Our Mission
Our offering extends beyond investment management, encompassing a comprehensive range of services.
By delving into the intricacies of a family’s dynamics and understanding the complexities of wealth, we partner to uncover the best approach. It’s through these services that we action the plan prioritizing the nuances and what matters most to the family.
structure
Led by the family’s Chief Financial Officer (CFO), the Advisory Board provides counsel on what matters most. The Advisory Board ensures that all experts are consulted when making key decisions.
The Advisory Board will be comprised of First Avenue Family Office professionals and the family’s trusted external advisors.
Areas of Focus:
planning and
Estate
planning and
succession
Risk
management
and oversight
Reporting
Simplified reporting
and keeping
A key component of understanding what’s next is to understand where you are now. The consolidated financial summary provides a simplified, reconciled consolidated balance sheet, corporate structure, asset and investment summary, banking, schedule of investment portfolio, and estate reporting on a regular basis.
Benefits:
Digestible overview of financial affairs
Visual representation of corporate structure
Tracks changes and progress over relationship
A tailored plan of how your estate and businesses will flow to your successors. The visual depiction gives a clear and concise representation of each step in the process, including dollar amounts throughout.
Benefits:
Easily digestible visuals
Clear understanding of financial obligations
Updated as life changes arise
A curated action plan is developed based on initial conversations with clients as well as the current state of their affairs identified in the consolidated financial summary. The action plan provides a timeline on agreed upon tasks that the advisory board is undertaking on behalf of the clients as well as progress mapping to take them along the journey.
Benefits:
Ownership for family members
Track progression towards collective goals
Facilitates unity and alignment
toronto
