Blackfriar Fiduciary Group Inc.

THE FAMILY OFFICE STRUCTURE

Traditionally families build a network of professionals, centres of influence, to support them as needs arise. This structure presents potential dangers to a family as recommendations may be made in a vacuum and ignore other areas of planning, or it may rely on the family to relay messages from one professional to another. In this situation, highly technical solutions may inadvertently be miscommunicated. By using a team structure that fosters communication among team members, planning will become more coordinated, efficient, and cost-effective.