The Virtual Unbundled Multi-Family Office
The Paraklete Virtual Unbundled Multi-Family OfficeTM (VUMFO) is the creation of the firm’s two Founder’s as a result of their combined 80 years of experience in offering professional financial services. Paraklete’s VUMFO offers integrated services to manage the entire wealth of an individual or family. The VUMFO differs from traditional wealth management firms in that the VUMFO offers a completely outsourced solution for all our client’s financial and investment matters.
The Paraklete VUMFO offers a comprehensive slate of services such as:
- Estate planning
- Financial planning, including investment advice and risk management
- Insurance analysis and management
- Management of multi-generational wealth
- Philanthropy (including private foundations)
- Tax advisory
Additional administrative and lifestyle services, such as:
- Family governance
- Family education and mentoring
- Life coaching
Paraklete VUMFO provides a holistic solution for affluent individuals and families by building a collaborative multi-disciplinary team of outside professional advisors to provide solutions to the full range of a family’s financial and lifestyle needs.
Benefits of the Paraklete VUMFO include the following:
- Optimize the overall investment strategy across asset classes and investment managers
- Monitor and regularly evaluate the performance of all team members. Any asset manager who fails to meet the expected yield can quickly be removed
- Collaborate and coordinate all advisors to work towards an integrated wealth strategy specific to your family’s needs
- Ensure privacy and confidentiality while providing services to all generations of the family.
- Recovery of time enables family members to enjoy their wealth
- Contextual management of finances and investments for the full family balance sheet allows for optimum efficiency
- Streamline the family’s financial and legal affairs bringing clarity and greater control over the direction of the family’s assets
- Eliminate redundant communications with various private banks, advisors, and other service providers
- Unbiased independent financial advice is given with knowledge and understanding of the family’s entire financial picture while considering the family’s purpose and goals
The Paraklete virtual unbundled multi-family offices does not sell products, manage assets nor receive, or pay referral fees, eliminating all conflicts of interest.
Fees for the Paraklete virtual unbundled multi-family office range from $24,000 per year up to $150,000 per year. For most families the value received from more proactive tax strategies, a collaborative team of outside advisers, and mistake avoidance, allows families to more than recover the annual fee. The Paraklete VUMFO carries it’s ‘own weight.’
The decision to engage with a virtual, unbundled multi-family office is typically made just once in a lifetime and should not be undertaken lightly. We welcome the opportunity to discuss our services.
