Virtual Family Office
A virtual family office is a group of experts that work together on behalf of a family as a client, but remain housed in their specialist firms. The key advantage of a virtual family office is the ability to work with top experts who stay current in their respective fields since they work with and are exposed to many families.
The main job of a virtual family office is integrating the many complex products and services offered to wealthy families today in a way that allows family goals to be achieved.
As the head of Anglo Capital Limited - a virtual family office, Philip Braude plays the role of conductor of the orchestra of top experts. He is focused on making sure the family's objectives are achieved.
The types of analysis Philip performs as head of the virtual family office include the following:
Investment Services
- Review current investment holdings.
- Analyze asset allocation and implement changes.
- Select managers and brokers in all asset categories.
- Market diversified investment options.
- Assess current investment risk.
- Evaluate risk on the asset class level, sector level and individual security level.
- Create a risk management plan.
- Assist in the selection of tax professionals.
- Work with accountants and bookkeepers to prepare cash flow budgets and annual tax returns.
- Work closely with accounting professionals to maximize tax planning.
Estate Planning
- Assist in the selection of legal professionals.
- Review current trust and estate planning.
- Create and implement effective trust and estate vehicles.
- Monitor and modify plans as necessary.