Family Office

Corporate Service

Behind every successful business are its people. MBMG specializes in providing business owners and family offices with highly personalized services.

“traditions that follow a family throughout generations are extremely powerful, quite tangible and very relevant”

ABOUT

What is a Family Office?

Important needs that a family office might require can include:

Co-ordinating family strategy
Providing legal structuring advice and implementation.
Tax planning and compliance.
Estate, succession, legacy and inheritance planning.
Philanthropic, social and community involvement.
Consolidated valuations, risk evaluation and management suitable protection across the family’s assets.

We pride ourselves on our ability to provide impartial and well-informed advice in every aspect of planning, not only by utilising our experienced in-house advisors, but also drawing from the knowledge and experience of our many world-class associates around the globe.

MBMG Family Office

aims to provide bespoke requirements to each client.

Just as every family is unique, therefore there is no single standard definition of what constitutes a family offic

Key family offices tend to evolve around issues and services such as tax optimizing and legal advice on the structuring of businesses and investments.

Key areas can also include

We have extensive experience in this field and our expertise is reflected in the results of our efforts and our many satisfied long-term clients. We are proud that we can consistently meet our clients’ expectations and always be responsive to their needs.

We pride ourselves on our ability to provide impartial and well-informed advice in every aspect of planning, not only by utilising our experienced in-house advisors, but also drawing from the knowledge and experience of our many world-class associates around the globe.

Digital transformation

Risk identification, monitoring, and mitigation

Succession planning and implementation

Internal reporting and planning

External reporting (such as for OECD’s Common Reporting Standards).

MBMG Family Office specializes in providing services tailored to each family office, according to their size, location, and needs.
Our clients are mainly based in or have strong connections with Asia.

We aim to blend global expertise with local presence and empathy for local culture and values.

We take the view that it is best to have a structure and a vision as early in the process as possible and this can help allow for investment diversification and expansion when the opportunity arises, but also that it is never too late to start to formalise within a family office many of the principles that have been important in the family’s success.

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"At MBMG Family Office, we take the view that while successful families can succeed to a certain extent in an almost infinite number of ways, the sustainable successful development of each family’s resources is a unique and highly personal matter."

A family’s values and vision, even more than the sum of its accumulated wealth, define its legacy. A family office aims to integrate these values into all aspects of a family’s planning and arrangements, helping to express that vision through a cohesive impact that survives through the generations.

Many of MBMG Family Office’s clients might be regarded as smaller family offices, with cash flows, businesses and investments at generally lower levels than might be the province of the family office. We take the view that it is best to have a structure and a vision as early in the process as possible and then to develop and refine this over time.

Paul Gambles

How does the process start?

This depends on you and your family and what are your key priorities.

It also depends on what stage your journey has reached. Many families already operate family offices, in either a formally structured approach or a less formal approach, having evolved naturally to reflect the priorities of the family and its business and financial interests.

An "Unstructured Family Office" typically refers to a situation where a family retains direct personal ownership in their own names of the family businesses and assets but operates these in a way that reflects a broader vision.

A "Structured Family Office" typically refers to a situation where structures such as trusts and holdings companies are used to control or own the assets impersonally, in a more formalised basis.

There is often overlap and grey area in between these two definitions.

Therefore, our work often starts by trying to understand what might be the most urgent for you.

• During Covid-19 much of work was driven by clients’ focus turning to succession and legacy planning, including the creation of family office councils and the drafting, or updating of family office constitutions

• At other times, the focus might be more directed to planning the most tax efficient distribution of cash, or income distribution planning for the family members.

• With a family office, these priorities and outcomes are intertwined.

• In recent years, we have seen a rise in demand for prenuptial agreements and other intergenerational forms of family office planning.

• A recurrent theme often involves developing tools to assess and monitor the various risks inherent in the family’s portfolios of assets, including businesses, investments, and properties, as well as currency risk.

• We sometimes find that a family has not regularly undertaken risk tolerance assessments and reviews and has no recent calibration of its acceptable risk parameters.

• MBMG Family Office has been acknowledged as Thailand’s leading experts in family office solutions to the challenges of cross-border information exchange, with detailed knowledge of protocols such as BEPS, CRS, and the Thai Transfer Pricing Act.

Why MBMG?

MBMG Family Office is, the nexus of services provided by MBMG Group and our affiliates.

MBMG Family Office was recently honoured as ‘Best Family Office’ at the International Investment Awards 2021, having been selected as the ‘Highly Commendable’ runners-up in the same category,

the previous year and having been nominated for this prestigious award again this year.

Below is a graphical display of all the elements of a Family Office for a more concise explanation.

However, in our view, the really important aspect of family office service is finding an advisor who can understand your needs, help you to realise your goals and can earn and continue to develop the trust of your family throughout multiple generations.