Family Offices and Private Wealth Advisors
The Family People Office™ was built to be in a collaborative relationship with Family Offices and Private Wealth Advisors.
"As Goes the Family, So Goes The Family Office™"
(Mark R. Demos Co-Founder The Legacy Forum™)
How Can Family (Financial) Offices and
The Family PEOPLE Office™ Collaborate?
Fiduciary responsibilities require that Family Offices and Wealth Advisors focus on their core financial expertise, just as we maintain our specialization in people-centered solutions. We recognize and respect these professional boundaries. There are clear advantages to working together in whatever ways best serve the long-term needs of our clients. By exploring ways to collaborate, we can help facilitate the creation of great and enduring Legacies for the families we serve.
Total Wealth Management
Step 1: Our Collaborative Process
At The Family PEOPLE Office™, we believe in working closely with Wealth Advisors and Family Offices to provide the most comprehensive service for our mutual clients. Each professional’s role is clearly defined, yet by collaborating, we create greater efficiencies and achieve better outcomes for the families we work for.
Initiating Collaboration
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We only engage with Wealth Advisors and Family Offices after receiving explicit client authorization.
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Our team communicates the benefits of collaboration clearly, ensuring all parties understand the value we add.
Step 2: Family Meetings Support
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Our Advisors and experts assist in organizing and facilitating Family Meetings, drawing on our experience and resources.
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We do not offer investment or wealth management advice. These remain the responsibility of your Wealth Advisor or Family Office.
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Our contribution centers on enhancing communication, addressing emotional concerns, and helping families clarify their values and goals.
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Support is provided either in person or through thorough reports prepared in advance of meetings.
Step 3: Succession Planning
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We leverage our deep understanding of each family’s dynamics, talents, and values to inform and facilitate effective succession planning.
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Our team may recommend family members for roles in the family business or suggest alternate paths, always guided by our Talent DNA Profile™.
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Families see examples regularly of what can happen when Succession goes wrong. A life-times work can be decimated, sometimes almost overnight or a slow observable bleed out.
Step 4: Family Governance
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We leverage our deep understanding of each family’s dynamics, talents, and values to inform and facilitate effective Family Governance issues.
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Our team may recommend family members for roles in the family Governance or work with lawyers to craft processes and protections from our deep knowledge of family members and family systems.
Step 5: Trust/ee Advisory
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We regularly evaluate beneficiaries, considering factors like emotional readiness, recovery, education, and money management.
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Our advice includes trust design, age-appropriate distributions, and trustee selection, using tools like our Positive Forensic Profile™ and A.I.D. Legacy Model.
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This holistic view supports fiduciaries in making informed, responsible decisions.
Step 6: Human & Family Capital Risk Management
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We provide ongoing wellbeing assessments and crisis management, similar to how fiduciaries protect financial capital.
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Clients have continuous access to resources that protect their legacy, including expert advice for life transitions or unexpected events.
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Our Advisors follow strict ethical standards and with client permission, may consult internal or external experts for complex matters.
Key Principles
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Clear roles: We do not provide investment advice; our focus is on human and family capital.
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Client authorization is required for all collaboration.
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All our services are designed to complement and enhance—not replace—the specialist work of your Wealth Manager or Family Office.
The Legacy Forum™ Invites You to Reach Out
We warmly invite Family Offices and Private Wealth Advisors who recognize the value of this collaborative model to connect with us. We understand this is a new approach and anticipate you may have questions about collaboration and cooperation. We have worked with enough Family Offices and Wealth Advisors to know each is as unique as the families they serve. Whatever ideas, questions or collaborative options you can think up, we will discuss, we are committed to making time for these important discussions.
We also welcome conversations with UHNW individuals and families directly, who appreciate that their future Legacies can best be realized when their FFO™ and FPO™ work in concert, prioritizing their best interests through collaborative efforts.
Don't you think it is time to reach out and begin a conversation with Mark Demos our President and Co-Founder? Let's discuss how we might collaborate and make the families we work for greater than ever!