This page contains a Flash digital edition of a book.
THE STRUCTURE


Who are the service providers and what role do each of them play?


Advisor to the family – FOS Ö Works with existing in-house team to develop goals and provides the guidance to each family.


Ö Assists in development of Family constitution and long-term ‘Vision’ for the family.


Ö Develops the values and compliance framework including the human and financial resources.


Ö Manages the implementation, service providers and on an ongoing basis acts for the family in these issues.


Cayman legal counsel


Ö Registers the fund as an exempted fund with the Cayman Islands Monetary Authority.


Ö Preparing all the documents of the fund Ö Reviews from a Cayman Islands law perspective and comments on agreements


44 FAMILY OFFICE: THE FUTURE


with the administrator, custodian and other service providers.


Ö Attends to all post-formation matters.


Trustee Ö Manages the Trust on behalf of and in best interest of investors.


Ö Executes the Trust Deed which constitutes the Fund.


Ö Establishes bank accounts in the name of the Fund.


Ö Coordinates with investment manager re Cayman regulations and any necessary filings.


Administrator Ö Interpret and apply accounting policies. Ö Maintain full accounting and portfolio records.


Ö Prepare monthly independent NAV for investors.


Ö Prepare contract notes for investors and send monthly statements to investors.


Ö Monitor and pay fund expenses based on instructions from manager.


Investment manager Ö Review fund offering documentation. Ö Establish bank accounts. Ö Hire service providers and work with them on a daily basis.


Ö Coordinate execution of operating agreements.


Ö Coordinate all ongoing operations of fund. Ö Review monthly NAV and reconcile with Administrator.


Ö Execute FX hedging where necessary. Ö Arrange and manage annual audit. Ö Handle registration and compliance matters with local and international regulators.


Ö Investor relations – presentation material; Due Diligence Questionnaire.


Mark Voumard is Executive Director and CEO of Gordian Capital. www.gordian-capital.com voumard@gordian-capital.com


Scott A J MacDonald is Executive Chairman and Co-Founder of IFOA and Family Office Services. www.ifoa.asia, scott@ifoa.asia


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112