Providing Better Results for a Family Office

The Client

A family office with two Jersey companies within the family structure.

The Challenge

Picking up business following a breakdown in the relationship between the overseas fiduciary and the client due to concerns around service levels.

Solution

Equiom (Jersey) were well positioned to provide a full service to the two Jersey companies within the family structure, on a split board basis, due to vast experience and expertise in the local and UK property market.

Equiom were able to remediate historic administration including bringing the financial statements up to date which earned the client’s confidence in Equiom’s ability and the services on offer.

Results

Equiom’s relationship with the family has grown from strength to strength building their trust and, over time, Equiom (Jersey)’s advisors were asked to provide full services for two further companies and limited services/ad hoc administration to six others within the group with total assets under management (AUM) exceeding £150 million.

AUM within the structure include Jersey and Swiss commercial property, UK and EU based residential property, cash, a modest investment portfolio set up to provide diversification; and, Equiom is in the process of identifying further commercial property investment opportunities in Jersey which will be held via a separate Jersey Special Purpose Vehicle.