Our Firm



Legacy Family Office, LLC is a Southwest Florida based multi-family office (MFO).

As a Registered Investment Adviser (RIA), the firm provides sophisticated and meaningful solutions to help families of exceptional wealth preserve and grow their financial capital as well as their human, social and intellectual family capital. The solutions are designed to help clients structure their financial situation and plan for the successful transfer of wealth to the next generation.

At Legacy Family Office, our approach is defined by a stringent set of ethical principles and on a culture of SERVICE. Legacy Family Office client families enjoy a caring, personal relationship with the Family Office Executive and Founder. In addition, clients have direct access to the Family Office Coordinator who is the point of contact for information, requests and guidance.

Each family goes through a comprehensive wealth diagnostic process and a customized Client Service Plan is thoughtfully constructed annually. The plan implementation is monitored and overseen personally by the Family Office Executive and may include hand-selected strategic partners such as attorneys, accountants, asset managers, insurance professionals and financial planners, as appropriate.

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What is a Multi-Family Office?

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MFOs are structured to offer integrated, interdisciplinary services to ultra-high net worth individuals and families. MFOs have historically provided customized service levels and confidentiality not available from larger product-driven financial institutions.

The family office represents a center of influence and stability to help families with exceptional wealth ensure the preservation and growth of their financial assets and family heritage. In general, an MFO aggregates and focuses resources to facilitate a common interest in asset protection, cost control, financial education, family philanthropy and a host of other needs.

Three Types of Financial Advisors

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Investment Advisory Firms, Integrated Wealth Advisory Firms, and Multi-Family Offices are the three types of Financial Advisors that provide a complexity of services. Click below to view a graph of the services each type provides.

CLICK HERE VIEW GRAPH

Characteristics1

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MFOs tend to have the following characteristics:

Independence
MFOs typically do not sell (traditional products that a family might typically encounter from a brokerage firm) and generally are not compensated for the products utilized by clients. MFOs usually follow a "service delivery model" holding themselves out as an objective provider of advice that places the interests of their clients first.

Breadth and Integration of Services
MFOs provide a wide array of services and typically oversee their clients' entire financial universe. MFOs will have full information about their clients' investments, tax situation, estate plan and family dynamics. With this information the MFO can assist in structuring and administering the clients' financial universe in an optimal fashion.

Professionals with Diverse Skills and Deep Specialties
MFO professionals provide a wide array of advice and assistance to their clients. MFOs also have to be able to provide specialty knowledge on certain topics such as: income taxation, estate planning, and investments.

High Touch Screens
MFOs have high average account sizes and low client to employee ratios. Large account sizes combined with low client-to-employee ratios allows a great deal of focus and attention on each client family. Meetings with clients often occur many times a year.

Multi-Generational Planning
MFOs typically work with an entire family - the patriarch/matriarch, their children and grandchildren. Planning encompasses the family's goals which typically include passing wealth down to lower generations in a tax efficient manner. Children and grandchildren are clients and are counseled on investments, taxes, estate planning, and philanthropy from an early age. MFOs often coordinate and moderate family meetings for their client families.

Outsourcing
MFOs do not typically provide all services in-house. It is common for some of the investment management to be outsourced to independent money managers. Custody and tax return preparation are also commonly outsourced.

Focus on Taxable Investor
Most MFOs have a myopic focus on taxable investors as the bulk of their client's assets are subject to short and long term capital gains. This is unique to very high net worth families. Most investment research (academic and financial service industry) is geared toward the institutional investor and foundations (with very different tax concerns than individuals and families).

Benefits2

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MFOs may have one or more of the following benefits:

  • Objective financial advice
  • Creative solutions to financial issues
  • Clearinghouse for financial, investment, tax and estate planning ideas
  • Advice from professional team with diverse backgrounds
  • Coordination of other advisers
  • Proactive advice - a function of low client to employee ratio and frequency of meetings
  • Delivery of carefully selected money managers, custody, insurance, loans, etc.
  • Negotiated cost savings with other financial providers (e.g. investment management, custody, trading costs)
  • Integration of client's estate planning, income taxes, investments, philanthropic goals and family situation

1 Family Office Exchange, 2009. What is a Multi-Family Office (MFO)?
2 Wikipedia, 2009. Multi-family office.

our services



What is a Legacy Wealth Connection?

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We strive to make your life easier, both on a daily basis and particularly at a time of crisis. Your Legacy Wealth Connection (personal digital wealth management portal) provides a consolidated view of everything you own and everything you owe, updated daily.

All of your digital financial information is secure and protected, and is available to you wherever you are and on any device you choose. Interactive charts, detailed summaries and an extensive library of videos, articles and other resources are available to increase your financial knowledge.

Family Continuity

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The family is a dynamic entity composed of individuals with varying interests, abilities, needs and goals. Working with Legacy Family Office LLC, the family can remain cohesive through a framework that is designed to educate, encourage, empower and facilitate communication and understanding. By remaining focused on a clear financial mission, the family increases the likelihood of achieving financial success, both now and in the future. By building the four capital accounts3, - Human, Intellectual, Financial and Social capital - we endeavor to help develop the true wealth of the family.

Legacy Family Office LLC will help:

Human Capital Development:

  • Prioritize the development needs of the family
  • Implement strategies in the areas of continuity planning, transition planning, stewardship development and leadership development.
  • Strengthen family communication and bonds
  • Encourage the family decision making process
  • Facilitate/coordinate family meetings
  • Understand family conflicts and work on negotiating resolutions
  • Complete various financial assessments to create awareness and deepen understanding of each member's financial behaviors

Intellectual Capital Development:

  • Coach and mentor
  • Develop clarity on roles, rights and responsibilities of family members including accountability measures to evaluate progress
  • Provide resources to family members as they search for meaningful, rewarding life's work

Financial Capital Development:

  • Clarify the Mission for the family wealth
  • Create, manage and invest family wealth prudently, and in harmony with mission
  • Create/reinforce a family culture of financial stewardship

Social Capital Development:

  • Clarify/coordinate Mission for Family Philanthropy

3 Lee Hausner and Douglas K. Freeman, 2009. The Legacy Family: The Definitive Guide to Creating a Successful Multigenerational Family.

Planning & Trustee Oversight

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Estate planning is a dynamic process. It involves not only you and your spouse but your family, other individuals and, in some cases, charitable organizations which you designate.

It also involves your assets (bank accounts, investments, real estate and personal property) and the various forms of ownership and title that those assets may take. Keep in mind that these decisions can have significant tax benefits and consequences for your beneficiaries and should be carefully coordinated.

Legacy Family Office LLC will provide:

  • Estate Plan Strategy Review Annually
  • Advanced Estate Planning Structure and Review
  • Trustee Selection, Oversight and Monitoring
  • Trust Administration Oversight and Monitoring
  • Cost Analysis and Negotiation of Trustee Fees
  • Beneficiary Education and Mentoring
  • Development of Objectives
  • Multi-generational Snapshot of Existing Strategies
  • Action Plan to Implement Changes
  • Detailed Flow Charts to Model Current and Recommended Strategies
  • Evaluate Titling of Real Estate and Personal Property

Integrated Tax & Financial Planning

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Financial planning is the process of establishing personal and financial goals and creating a way to reach them. The ongoing process involves developing a plan and systematically implementing the plan in order to achieve your goals. The plan must be monitored and reviewed periodically so adjustments can be made, if necessary.

Legacy Family Office LLC will provide:

  • Coordination of all professional external advisors (attorneys, accountants, private bankers, real estate professionals)
  • Tax Plan Strategy and Return Review
  • Gift Tax Monitoring
  • Advanced Financial Planning
  • Family Business Succession Planning
  • Family Business Advisory
  • Family Business Leadership Development
  • Family Business Board Development/Establishment
  • Tax Compliance Monitoring
  • Cash Flow Analysis, Management and Forecasting
  • Net Worth Analysis
  • Retirement Planning
  • Liquidation Strategies

Investment Advisory

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Legacy Family Office delivers the following services for client families:

  • Development of Investment Policy Statement & Strategy
  • Holistic Portfolio Design, Implementation and Monitoring
  • Goal-based Investment Planning
  • Asset Allocation Plan Development and Oversight
  • Rebalancing Oversight
  • Due Diligence of Asset Classes and Economic Research
  • Access to Alternative Investments (Private Equity, Private Debt, Hedge Funds, Structured Notes, Commodities)
  • Manager Selection, Evaluation and Continual Oversight
  • Custodial Oversight
  • Secure Account Aggregation and Access on Personal Digital Wealth Management Portal
  • Customized Performance Reporting

Lifestyle Management

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Managing your personal and financial affairs can quickly become complicated. Let Legacy Family Office help simplify your life by administering your day-to-day household operations.

  • Bill Paying
  • Private Banking
  • Evaluate Credit Facilities for structure and pricing
  • Issue RFP (Request for Proposal) as needed to ensure optimal terms and structure
  • Aircraft/Yacht Management
  • Personal Property Management
  • Travel Planning Assistance
  • Management of legal and personal documents in a secure client accessible vault

Risk Management

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Risk management ensures that your goals will be met and your family will remain financially secure in the face of a life-changing event. Legacy Family Office will work with you to identify your potential insurance needs, continuously review your coverage and advise you of the adequacy of your protection. Since we coordinate all of your financial affairs, we can proactively offer suggestions to adjust your insurance coverage when your circumstances change.

Legacy Family Office LLC will provide:

  • Property-Casualty Risk and Affordability Review Annually
  • Life Insurance Risk and Affordability Review Annually
  • Disability Risk and Affordability Review Annually
  • Long Term Care Feasibility Review
  • Umbrella Liability Coverage Risk and Affordability Review Annually

Family Philanthropy

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Many affluent families believe that every individual has a responsibility not only to their families, but also to the community at large. The family's response to this may include a Philanthropic Strategy.

Legacy Family Office, LLC helps affluent families:

  • Establish a Family Giving Vehicle (Family Foundation, Family Donor Advised Fund, Family Giving Circle, etc.)
  • Define and harmonize Family Mission Statement, Spending Policy, Donation Policy, and Investment Policy Statement
  • Implement a Fiduciary Quality Management System and Best Practices intended to provide the Foundation a framework for a disciplined investment process
  • Provide administrative and fiduciary education for the family
  • Establish evidence that the Foundation is following a prudent investment process
  • Discovery and Execution of Multi-Generational Objectives

Contact Us



Legacy Family Office, LLC
23160 Fashion Drive, Suite 227
Estero, Florida 33928
Tamara Surratt President and CEO, Legacy Family Office The Power of the Family Office Download a copy Disclosures Click here to read

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