UK-based private equity firm Traditum has launched a family office.
It will look to help high net worth families to co-ordinate their different advisers and to have a more “strategic approach” to their investment and taxation.
Traditum Family Office will also help review the existing financial plans of families and identify any gaps in provisions as well as provide guidance on how to involve children in managing the family wealth.
The operation will be lead by head of client services Trevor Sherlock and director of client services George Lyall.
David Mitchell, Traditum founder and chief executive, said: “The typical high net worth family has between nine and 16 advisers across a range of disciplines from investment, private banking and taxation to private client, legal and property advice.
“Our role is not to provide advice, but to reduce the complexity, coordinate the multiple strands of advice and ensure that a single strategy is deployed. The initial feedback we have received has been very positive. Advisers appreciate having an experienced professional team to co-ordinate advice and ensure they are delivering to a single strategy, while clients get a better service from their advisers.”
