this family office It is an essential tool when it comes to managing wealth and family in an organized and professional manner. This came about during the celebration of an underlined education day. the importance of applying to these investment platforms so that family businesses in the province of Alicante can better protect their family management. The meeting was organized by the Family Business Association of Alicante province (AEFA) and PwC at the Hotel Huerto del Cura in Elche.
As AEFA president Maite Antón put it, “as companies grow and produce, professionalized management is required and this is where family office”. Faced with announcements such as the increase in wealth tax by Generalitat, Antón reminded that it is important to adapt efficiency at the financial and financial level to maximize family business management and legacy.”
For her part, Inmaculada Pascual, director of PwC Spain’s Alicante office, said: global economic instability affects family businesses more or less and thus to the family legacy; is to give more importance to the preservation and maintenance of this heritage in order to ensure that it is passed on to future generations. An essential tool for this is family offices or family officeunderstood as organizations that jointly and professionally manage the assets of the family businessr, in the interests of the family in which they work. Therefore, the first step in establishing a family office is the willingness of all members of the family business to jointly and professionally manage its assets.
During her presentation, María Sanchiz, partner of PwC Spain’s Great Assets and Family Business, said: four typologies family offices that can be created according to their characteristics. Sanchíz reviewed the trends of the world. family office in Europe. In this sense, he stressed that they “continue with concern about the levels of legal certainty and fiscal pressure in Mediterranean countries”, thus having a shorter investment period of close to three years compared to others.
Among the advantages of the constitution family office creating synergies in costs and centralizing services. Thus, according to Sanchiz, these investment platforms allow for “risk reduction.” diversification of capital, risk monitoring systems and protection of family group members. Likewise, this expert added that they offer “access to more and better investments.”
As a key point, these investment vehicles promote harmony of interests among members of the business family and provide greater profitability, as they contribute to “centralization and professionalization of asset management and formalization of investment processes,” as Sanchiz explains.
a family office
The last part of the day ended with the conference organized by Santiago Reyna, CEO of Atalaya AI Wealth. Reyna talked about how Atalaya, an innovative digital platform that allows a company to manage its data, works. family office efficiently to preserve the legacy of the business family. This platform makes it easy to structure asset data in an organized manner. On the other hand, this software provides a global vision of all family assets and even assists the manager of the company. family office Increase your productivity by about 20-25%.