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PF MFO: How to build your financial architecture according to

your needs, profits and objectives?

by Kévin Racle
The terms Single-Family Office and Multi-Family Office are increasingly used but are still
sometimes unclear for some. What is a Family Office? How does it work? What are the
advantages of working with a Multi-Family Office? For Monaco Economie, Philippe Feller,
Founder and Director of PF MFO, a reference company in global asset management, clarifies
this important and topical subject.

Could you explain what a Multi-Family
Office is?
A Multi-Family Office acts as a coordinator
at the family level, bringing its experience
and network to deal with the tax, heritage
and family requests of each of the families
concerned.

What types of services does a Multi-Family
Office offer?
The Multi-Family Office offers a very wide range
of services, such as wealth consolidation,
financial planning, monitoring of portfolio
management and property management, estate
and tax planning, philanthropy and so on.

How are Multi-Family Offices structured and
organised?
Generally, Multi-Family Offices are based on
two pillars. Internally, the team will be made
up of employees, each experienced in their © Qualion
sector (banking, real estate, taxation etc) and
externally in specialised offices according to What is the difference between a Single- professionals capable of managing the
the needs of the family. Family Office and a Multi-Family Office? assets of each family, taking into account
Multi-Family Offices manage the assets of their specificities and needs. Multi-Family
What are the selection criteria for becoming several families, unlike a Family Office which Offices also benefit from advantageous
a client of a Multi-Family Office? only takes care of one family. conditions with the various professionals
Families who use Multi-Family Offices have with whom they work and can pass this
significant assets and are looking for a How do Multi-Family Offices ensure the on to their clients. Finally, a significant
coordinator to manage them by establishing confidentiality and security of their clients’ advantage is the reduction of costs and
a long-term relationship. They are looking for information? resources required, compared to a Single-
support in financial, tax and inheritance matters. They implement internal procedures that Family Office.
secure information. Employees and suppliers
How do Multi-Family Offices manage their are bound by confidentiality contracts. How do Multi-Family Offices assess
clients’ investments? Communication software is secure and the investment opportunities for their clients?
Multi-Family Offices are often set up by wealth risks are assessed regularly to ensure the The Multi-Family Office assesses investment
management professionals, such as private confidentiality and security of their customers’ opportunities by analysing clients’ needs,
bankers, lawyers or fund managers, who have information. their acceptance of risk and above all the
the network to help their clients manage their objective to be achieved. Then, the Multi-
wealth effectively. Multi-Family Offices have What are the advantages of working with a Family Office meets with management
access to exclusive investments, preferential Multi-Family Office rather than managing professionals in order to put in place a
trading rates and greater diversification of your investments yourself? strategy which will make it possible to meet
investment portfolios. Multi-Family Offices offer a network of clients’ expectations.

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