Creating a Family Office without the Office

• Traditional wealth management may not fully address the complexities that can arise during significant family, business, or generational transitions
• An outsourced family office model can provide coordinated wealth planning, reporting, and family engagement without the cost of maintaining a traditional family office
• Wilmington Trust works alongside your existing advisors to help support financial, estate, succession, and multigenerational planning needs
• Family office solutions may be particularly valuable for entrepreneurial and business-owning families facing increasing wealth complexity or transition events

For many families of wealth, a traditional wealth management offering may not always be sufficient to manage the challenges and complexities of their circumstances, especially during times of business or personal transition. However, creating or maintaining a traditional family office can also prove to be impractical or untenable, especially from a cost perspective. At Wilmington Trust, we have created a holistic offering to provide integrated and tailored wealth management solutions, which aim to promote and preserve the family’s identity and values, but at a lower cost than that of a typical family office structure.

As your “Outsourced Family Office Director,” Wilmington Trust can create and deliver a customized family office experience tailored to help meet your evolving needs and designed to align with your existing team and advisors. Our goal is to help ensure that you have the ongoing clarity, perspective, and control necessary to identify and achieve your family’s long-term priorities with peace of mind.

Our dedicated team of highly credentialed and multidisciplinary family office professionals not only guides our clients in the creation, implementation, and execution of complex financial, estate, and succession plans, but provides both a comprehensive digital platform to integrate and report financial data as well as an educational platform to engage family members.

Our family office solutions are especially suitable for business-owning and entrepreneurial families seeking to elevate their current advisory services as they plan for or execute on transition events. As your family needs grow ever more complex, now may be the time to turn to a team of experienced advisors who may help you manage complexities and challenges—and take advantage of potential opportunities—at a lower cost than a traditional family office structure.

Discover how our Family Office services can help your family prepare for business transitions, liquidity events, and long-term wealth stewardship.

The information provided is for educational purposes only and is not intended as an offer or solicitation for the sale of any tax, estate planning, or financial product or service or a recommendation or determination that any tax, estate planning, or investment strategy is suitable for a specific client. Note that tax, estate planning, and financial strategies require consideration for suitability of the individual, business, or investor, and there is no assurance that any strategy will be successful.

Wilmington Trust is not authorized to and does not provide legal, accounting, or tax advice.

Third-party trademarks and brands are the property of their respective owners. Third parties referenced herein are independent companies and are not affiliated with M&T Bank or Wilmington Trust. Listing them does not suggest a recommendation or endorsement by Wilmington Trust.

Please see important disclosures at the end of the article.