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Family Office Setup
Family Office Setup
Family offices are intricate ecosystems that demand far more than just investment expertise. They require a deep understanding of family dynamics, governance, succession, philanthropy, and long-term vision.
At AKCJ Ventures, we serve as trusted advisors to ambitious, business-owning families—bringing the experience, insight, and empathy needed to support the full spectrum of the family enterprise: the family itself, the family business, and the family office. Our goal is to help families seize growth opportunities, protect shared values, and build enduring legacies across generations.
Helping you lay the foundation for generations to come.
Grow smarter, faster with AKCJ Consulting
4.8/5
4.9/5 Rating
Why Set up a Family Office?
One of the most valuable aspects of a family office is the privacy and peace of mind it brings. It becomes the one trusted place that holds everything—your investments, your estate plans, your philanthropic commitments, even the personal details that matter. And because it’s designed solely for your family, it’s built around your priorities, not someone else’s products.
With AKCJ by your side, we help create a space where everyone’s interests are aligned, governance is transparent, and risks are managed before they become problems. More than anything, we help you design a system that keeps your family together, informed, and prepared—not just for today, but for generations to come.
Without a structured setup, wealth management can become fragmented, reactionary, and inefficient. A formalized family office provides control, clarity, and long-term sustainability.
What we do?
We help you move from informal decision-making to a structured Single/ Virtual /Multi- family office—without losing your personal touch. From defining your purpose to setting up the right legal and operating framework, we tailor the office to reflect your family’s values, needs, and aspirations.
We help families establish a professional, purpose-built family office—either single-family or multi-family or virtual family—tailored to their size, complexity, geography, and ambitions by asking SEVEN critical questions:
Question 1
What role does the business play in fulfilling the family's long-term vision and shared purpose?
Question 2
How should a robust governance framework be structured to balance family dynamics with professional business practices?
Question 3
What is the optimal relationship between ownership and management especially in diversified or multi-entity family enterprises?
Question 4
How can leadership and ownership transitions be planned to ensure smooth generational shifts and long term stability?
Question 5
What mechanisms can be established to manage emotional dynamics and preserve family harmony over time?
Question 6
How can the business fund expansion and innovation while preserving family control and strategic direction?
Question 7
How can family businesses attract, retain, and empower top non-family talent while maintaining cultural alignment and stakeholder confidence?
Setting Up a Family Office
01.
Define the Family’s Objectives and Vision
Clarify the purpose of setting up the family office — whether it is wealth preservation, legacy building, philanthropy, or intergenerational planning. Align all stakeholders on shared values, goals, and expectations.
02.
Assess the Scope of Services Required
Decide what functions the family office will handle: investment management, tax/legal advisory, estate planning, lifestyle support, family governance, philanthropy, and reporting. Also determine whether to establish a Single-Family Office or Multi-Family Office structure.
03.
Determine the Legal and Operating Structure
Choose the most suitable legal structure (trust, LLP, company, holding entity, etc.), keeping in mind taxation, privacy, succession laws, and international considerations. Decide the jurisdiction of incorporation (India or offshore).
04.
Design the Governance Framework
Set up a governance structure including a Family Council, Board of Advisors, and Investment Committee. Draft a Family Constitution outlining roles, decision-making authority, succession rules, and conflict resolution mechanisms.
05.
Build the Right Team and Select Advisors
Hire internal staff (CEO/CIO) and onboard trusted advisors: wealth managers, estate lawyers, accountants, and technology partners. Clearly define roles and reporting lines between the family and the advisory team.
06.
Develop Investment and Risk Management Framework
Create a written Investment Policy Statement (IPS) aligned to the family’s risk appetite, asset allocation, and goals. Establish processes for monitoring performance and mitigating risks.
07.
Implement Technology and Reporting Systems
Adopt a secure, integrated digital system for consolidated wealth tracking, compliance, portfolio reporting, and internal communications.
08.
Initiate Family Education and Next-Gen Engagement
Develop programs to educate the next generation on financial literacy, business management, and values. Include them in philanthropic and entrepreneurial activities early.
09.
Launch with a Phased Roll-Out
Begin operations with essential services (investments, reporting, compliance), then gradually scale to cover family governance, legacy, and lifestyle services.
10.
Institutionalize the Family Office
Document processes and decision-making systems to make the office scalable and sustainable. Move toward a professional, system-driven culture that aligns with the family’s long-term goals.
Join us in Creating the New and Defining the Undesigned
We don’t offer a template. We build a structure that grows with you.
Design the Udesigned.