R.F.O. WEALTH ADVICE

5 Family Offices also deal with wealth management, corporate finance and risk management . However, first and foremost they offer administrative and legal services, including those of a non financial nature, such as the management of relationships between family members particularly following testate successions. In wealth management and more precisely in the framework of asset allocation , the enhancement of collections and historical archives, investments in the art market whose curve is not impacted by other market trends (such as that of raw materials, currencies, equities and bonds) has acquired great importance. Indeed, it is often positive even during bear markets . For this reason and bearing in mind the present historical period, the enhancement of any object (a book, painting, sculpture and/or any other collection with a cultural value) is a necessary process to ensure that the collection by means of a correct filing – better yet if digitalised – can be correctly interpreted and managed at any time. Philantropic activities are acquiring ever greater importance and Family Offices represent a forward looking response to the family corporate finance needs. The response offered to the activity in the sports world is particularly important since it offers a useful response in terms of risk management for family activities which are often characterised by emotional decisions. Indeed, these specific sectors of interest create great curiosity and interest particularly among the younger generations and foster their involvement in view of their entry into management activities constitutes an important training opportunity. The main advantage offered by a Family Office assistance is that all the different consultants, each with his/her own specific skills, work together as a team to safeguard family assets.