Introduction to Cavendish Family Office (London)
This is the first of series of articles, including some short videos, we are releasing to explain what we do, how we work with families, and also how we solve their problems.
Before doing so let me quickly explain what a Family Office is as there are many definitions out there. A modern Family Office exists primarily to centralise, preserve, manage and transfer significant family wealth across generations while at the same time acting as an effective inter-generational safeguard and touchstone for the family’s collective values, aspirations, heritage and legacy.
We are a Multi-Family Office so have several families as clients rather than just work with one.
Now, let me explain what makes us different, and possibly even unique in London.
We are the “Entrepreneur’s entrepreneur”
As the Founder of several businesses, including some in the wealth management sector, we are uniquely placed to understand the needs and objectives of our entrepreneurial families as we have had very similar experiences.
In simple terms we help find solutions to their problems, big or small. Our mantra is “the answer is “yes” now what is the question?”
We are independent
We always sit on the client’s side of the table.
We represent them in everything we do, and so there is never a conflict of interest.
We do not have any products to sell.
We have just have solutions and services to provide.
Outsource everything except the relationship with the client
This allows us to always find the most suitable strategic partner or solution for our clients.
We can work with any strategic partner - new or old
In any jurisdiction
We are therefore a “Manager of Managers”.
We are not regulated
Remaining outside of the regulatory environment reduces our overhead so we don’t need to pass these costs onto our clients.
It also increases our flexibility as we don’t have any authority to report our activities to, it reduces paperwork, and of course reduces costs which do not need to passed onto clients.
All regulated work is done via our Strategic Partners.
Small Team
We have no desire to build a large team as we want our client relationships to be Partner led.
All our clients therefore know us intimately.
A small team also means we are cost efficient to our client as they pay less in fees.
Case Studies
As privacy and confidentiality is uppermost in our minds we have given a very high-level summary of some of the work we have completed.
- Review, audit and implementation of tax advice for a US family moving to the UK
- Legal, tax and finance package for the purchase of a Dutch Yacht
- M&A advice for a UK Bank purchasing a German Asset Manager
- Bridge Finance for a Super Prime London residence
- Identify & purchase of a distressed real estate portfolio in London
- Raising of seed finance for a UK private company and the appointment of a Board member
- Relocation of a Family from Monaco to the UK, including tax, structuring, investment and legal advice
- Review and appointment of new discretionary manager for significant assets under management
- Raising of loan finance to help an established client to acquire land to build residential homes
- Introduction between two clients of the firm to build a luxury resort in the USA
- Introduction of land, finance, and legal team for the acquisition and construction of a 5 star Hotel the America’s
- Sale of land, with planning permission, for a significant number of residential units in the UK
- Advice and implementation of a wealth management solution for a recently established UK regulated entity
- Setting up a Trust in Switzerland with the asset management in the UK, for a French / Swiss national
- Pre-IPO fund raising for a digital media platform
- Raising equity finance for a client for his insurance fintech business
We have also provided emotional support, comfort and a sounding board in countless situations which is unquantifiable in terms of the value this represents to our families in their time of need.
Please get in touch if you would like to know more about us and what we do.
Mark Estcourt
CEO & Founder
Cavendish Family Office (London)
A Multi Family Office dedicated to serving families and securing their wealth for generations to come.
interim manager/Finance Manager/CFO, senior tax consultant presso Different Companies
5 年Very interesting. I think that a lot of good opportunities may rise.
The ELAN Project for Educational Leaders | MathPASS ? Connecting learners and educators around the globe ?? The Young Hedge Fund ?? The Free Virtual School ?? Maths Club International
5 年Great to get such candid insights into the scope and execution of your work, Mark Estcourt.
Independent Family Officer, strategy & private equity advisor, interim executive Locations: Netherlands, Switzerland, Italy and Monaco - Cote-d'azur
5 年I fully relate to your article Mark. Well defined.