Family Office
Services

Ensuring that ultra-wealthy families are properly protected from a variety of business and personal risks is another primary objective of MCA Cross Border Advisors Family Office Enterprise Service.
For example, family office clients face risks from many directions, including legal liability, risk of investment loss or devaluation, compliance failure, tax and property law change, security (this includes risks to property and person), and family dissension. Our family office clients with cross border ties face a particularly complex legal, compliance, and tax landscape, so the mitigation and balancing of risk in all its forms is of paramount importance for MCA’s family office clients.

A key component of the family office services that MCA Cross Border Advisors offers is our provision of continuing wealth management and financial literacy education, particularly to younger family members.

Ultra high net worth families with many cross border ties also require detailed education on the complex nature of their global investment opportunities, the ever-evolving economic conditions of the countries to which they have ties, and available financial planning tools. MCA Cross Border Advisors Family Office Enterprise Service is pleased to educate family members on these complex matters, in addition to providing education on the basics of wealth management and financial literacy.

Due to ultra high net worth clients’ various assets, which typically span the globe, MCA Cross Border Advisors’ family office clients often face complex income tax laws and potential tax liabilities stemming from their cross border holdings. Our Cross Border and Domestic Tax Advisory service provides tax planning solutions for potential tax liabilities that can result in significant savings. We analyze our clients’ holdings, provide optimal cross border tax planning solutions, and quarterback the implementation of these solutions to ensure that our family office clients’ tax efficiency improves.

The complex tax and regulatory landscape that our family office clients must navigate requires expert guidance on compliance with multiple laws in multiple jurisdictions. Indeed, Canadian, US, and other federal, state, and provincial jurisdictions’ regulations can affect the investments, assets, and business operations of the ultra-wealthy.

MCA Cross Border Advisors Family Office Enterprise Service can help ensure the consistent compliance with the laws that govern the activities of its family office clients. An integrated approach to personal, corporate, partnerships, and trusts’ income tax preparation is essential to complying with all cross border tax laws and regulations. MCA Cross Border Advisors is well equipped to execute this integrated approach.

The ultra-wealthy typically hold many assets and frequently participate in new investments, which take up even more of their time. MCA Cross Border Advisors Family Office Enterprise Service provides services necessary to ensure an ultra-wealthy family has liquidity when they need it so that the family is not spending time on this task itself.

To ensure our family office clients receive liquidity in a timely fashion, we facilitate credit and offer cash flow management and budgeting services to our clients. Ensuring liquidity can be complex for our clients with cross border ties, as it is important to be mindful of cross border laws, tax rates, and exchange rates when selecting the most optimal credit and cash flow options available.

Portfolio management is a daunting process for many individuals in general and is compounded by the additional complexities within a cross-border context. Your advisory team should be knowledgeable about investing on both sides of the border; ideally, your team will have a comprehensive understanding of the cross-border tax, financial planning, and regulatory issues that can arise.

Having an investment manager who understands your situation and needs and who works seamlessly with tax experts, lawyers, and financial planners is crucial to your financial well-being.

We favour a multi-manager approach to portfolio management by identifying and selecting managers for a particular asset class or investment mandate. Our independent oversight helps you determine which managers fit best with your investment objectives and risk tolerance. Moreover, we will coordinate total portfolio reporting, manager monitoring, optimized tax management, and comprehensive cross-border advice to help you avoid tax traps, penalties, and other issues. Where possible, we negotiate preferential pricing on investment management fees for our clients.

 As an independent firm and investment fiduciaries, we can help build, transition, and oversee an optimized and compliant cross-border investment portfolio that remains aligned with your strategic investment objectives, risk tolerance, and time horizon, while complementing other aspects of your cross-border financial plan.

With multiple investments, businesses, compliance obligations, and insurance products, family office clients generate large amounts of records. MCA Cross Border Advisors Family Office Enterprise Service organizes records and paperwork for our family office clients so they can spend their time on business ventures and personal hobbies rather than paperwork. For families with cross border ties, our reporting and record keeping service frees up a large amount of time, as preparing reports and keeping records in multiple jurisdictions can be a cumbersome and challenging for families to execute themselves.

We know that our family office clients value charitable giving and philanthropy. By helping clients form foundations, maintain or run those foundations, and by providing advice and assistance on effective charitable giving, we ensure that our family office clients are giving back to their communities in the ways that matter most to them.

MCA Cross Border Advisors Family Office Enterprise Service’s approach to managing charitable giving ensures that families with multiple branches in multiple jurisdictions communicate with each other seamlessly, despite their size and geographical breadth. We take into consideration the aims and underlying values of the family as a whole so that each branch of the family selects the most optimal charitable structure for its own jurisdiction, while keeping the overall goals of the family at the forefront.