What is a Family Office?
A family office is a private entity supported by highly skilled professionals equipped to assist a family with corporate structuring, estate planning, fiduciary services, financial administration, income tax, investment management, philanthropic endeavors, and all other financial requirements.
The purpose of a family office is to grow and preserve family wealth in a safe and tax-efficient manner.
Family Offices In South Africa
Mosaic Family Office
Address: Savanah Office Park c/o 9th Avenue &, Rugby St, Weltevredenpark, Johannesburg, 1709, South Africa
Hours: Open ⋅ Closes 5 pm
Phone: +27 11 083 7145
Our Family Office
Address: Block 3, Trident Office Park, 1 Niblick Way, Firgrove, Cape Town, 7130, South Africa
Areas served: South Africa
Hours: Closes soon ⋅ 4 pm ⋅ Opens 8:30 am
Phone: +27 21 330 5416
Schmidt Family Office (SFO)
Address: 8 Helderberg St, Stellenbosch Central, Stellenbosch, 7600, South Africa
Hours: Open ⋅ Closes 5 pm
Phone: +27 21 883 9375
Family Office Benefits
The benefits of a well-structured and administrated family office include:
- An integrated plan for a family’s complete financial affairs, including investments, wealth transfer strategies, proactive tax planning, and optimal ownership structures
- A comprehensive investment policy and process that ensures effective diversification, appropriate return benchmarks, and consolidated performance reporting
- A comprehensive approach to risk management to identify, assess, and control threats to a family’s wealth
- A strategic approach to family philanthropy
- The ongoing availability of highly skilled professionals
Family Office Services
Mosaic Family Office provides comprehensive family office services, including:
Administration
The firm’s administration services ensure the efficient operation and maintenance of inheritance structures. These services include:
- Accounting of all financial transactions
- Preparing annual financial statements
- Preparing audit files (as required) and liaising with auditors
- Preparing and filing all documents required by the Companies and Intellectual Property Commission, Master of the High Court and any offshore authority
- Bank administration services
- Foreign Exchange Allowance Administration service
- Establishment and maintenance of share registers
- Liaisons with any other service providers
Estate Planning
A carefully planned and executed will is a critical component of a successful wealth transfer. A will is the most important aspect in the design of family inheritance structures to ensure the growth and protection of family wealth.
Fiduciary
The firm’s insolvency remote corporate trust companies provide independent fiduciary services to local and offshore structures.
Foreign Exchange
The firm’s foreign exchange services provide comprehensive solutions to all the currency needs of clients.
Investment Management
The firm’s investment management services offer our clients a wide variety of local and offshore managed share and fund portfolios, with competitive brokerage and management fee structures.
What does a family office do?
Often, a family office provides high-level financial planning through an integrative approach. Combining asset management, cash management, risk management, financial planning, lifestyle management, and other services, family offices help clients navigate the complex world of wealth management.