Unlike many advisors, HB is not driven by asset gathering or product sales. Our flexible fee structures are not solely dependent on assets under management, helping to ensure that our guidance remains objective and aligned with your best interests. We are not incentivized to recommend manager changes merely to increase fees; rather, our approach is the opposite—we focus on helping families optimize their financial decisions across all aspects of their wealth to achieve the best possible outcomes.

A family office’s investment strategy must align with the family’s financial goals, risk tolerance, and time horizon. Diversified asset allocation, alternative investments, and impact investing are key considerations in building a resilient portfolio. A disciplined investment approach helps ensure sustainable wealth growth while adapting to market fluctuations and economic shifts.

Establishing a robust governance framework enhances transparency, accountability, and decision-making within the family office. Family constitutions, advisory boards, and regular meetings create a structured environment for managing wealth and resolving disputes. Strong governance fosters alignment among family members, ensuring that financial and legacy goals are upheld across generations.

Educating the next generation about wealth management, financial literacy, and family values is crucial for long-term success. Family offices often implement structured education programs, mentorship opportunities, and financial training to prepare heirs for future responsibilities. An informed and engaged next generation strengthens family unity and ensures a responsible approach to wealth stewardship.

Trusts and estate planning are fundamental to preserving family wealth and ensuring its seamless transfer to future generations. By establishing well-structured trusts, families can protect assets, minimize tax liabilities, and maintain control over wealth distribution. Estate planning strategies, including wills, power of attorney, and philanthropic giving, help align financial plans with the family’s legacy objectives. A comprehensive approach to trusts and estates provides security, efficiency, and continuity for wealth management across generations.

Family office clients often have a strong desire to give back, and their level of wealth enables them to make meaningful contributions, including the potential establishment of a private foundation. HB assists families in evaluating their philanthropic options, facilitating major gift discussions, and overseeing the giving process to ensure alignment with their mission, vision, and values.

Research from the Family Office Exchange indicates that the average family office spends 32% of its time collecting, verifying, analyzing, and consolidating financial data. Many families come to HB burdened by multiple managers, numerous statements and complex spreadsheets attempting to track their assets.

HB simplifies this process by providing comprehensive reporting across all investment assets—whether liquid or illiquid—eliminating the stress of financial organization. We meticulously track private investments, including contributions and distributions over time, ensuring accurate and up-to-date records. Our customized reporting system, available online or in print, presents a clear and consolidated view of your family’s financial landscape, tailored to your preferences and needs.

Our family office clients benefit from a high level of service that minimizes time spent on administrative tasks and paperwork, allowing them to focus more on enjoying their wealth and life. For those who opt for additional support, HB offers bill pay services for a supplemental fee, customized based on the required level of reporting and approval processes.