Carrick said its family office addresses this “weakness” in the market.
The family office focuses on incorporating a comprehensive lifestyle management programme within the overall context of Carrick’s integrated local and offshore wealth management and investment paradigm, the company said.
The services offered range from investment management, fiduciary services, risk analysis, asset protection, property investment and management, lending services, large asset registration and a “lifestyle concierge”.
It will first be available to clients of Carrick’s Johannesburg and Mauritius offices, and extended across the firm’s other offices “in due course”.
Carrick also has offices in Cape Town, Durban, Zimbabwe, Malawi and Botswana.
Overseeing the family office will be Carrick co-founder Mike Fannin, who will assume the role of managing director of the division.
“I am very excited about the new venture and will be looking for suitably qualified and experienced advisers to bring their expertise in this field in providing appropriate advice and services to the ultra-wealthy, by joining us in the Family Office,” Fannin said.