For the family of means, a family office offers many benefits. When structured appropriately and managed well, a family office coordinates the stewardship of assets and the pursuit of philanthropic and personal interests. It also provides the flexibility to pursue strategies that take into account the needs of the individuals, as well as the family as a whole. The family office also plays a critical role in defining and preserving a sense of family values.
Operating a single family office can be complicated and costly. This is why Hemenway Trust Company offers an alternative, multi-family office platform for clients.
We work with families to assess the many factors involved in making the very personal decision to establish a family office, including size of the asset base and family dynamics. Regardless of which path you take, Hemenway Trust Company, together with Hemenway & Barnes LLP, offers a full range of family office services including:
The range of services we provide depends on the goals and needs of each family and we tailor our services accordingly.