FIND YOUR CONSULTANT
JOIN OUR COMMUNITY
FIND YOUR CONSULTANT
JOIN OUR COMMUNITY

Industries > 

Financial Services > Family Offices Practice

Family Offices Practice

Umbrex connects leading family offices to independent consultants with deep experience in the industry.

Over 90% of our Family Offices Practice consultants are alums of McKinsey, Bain, or BCG.

Finding the right consultant should be this easy.

1

Tell us about your project

2

Interview candidates

(We’ll provide bios within 48 hours on average)

3

Select your consultant and start work!

Find a consultant in our Family Offices Practice

Prefer email? Write to [email protected]

Client Segments Umbrex Serves

  • Single-family offices (SFOs): Privately controlled family investment and services entities; professionalize governance, direct investing, portfolio risk, succession, and operating model across generations.
  • Family-controlled holding companies: Family holdcos overseeing diversified operating businesses and private investments; institutionalize capital allocation, board effectiveness, owner strategy, and professional management.
  • Family enterprises with embedded offices: Owner-operated businesses with an embedded family office function; define owner strategy, liquidity pathways, succession, and governance while balancing enterprise and family priorities.
  • Family foundations and impact offices: Philanthropic and impact-focused family offices; sharpen mission, portfolio construction, impact measurement, grants management, and governance while aligning with broader family enterprise objectives.
  • Family office syndicates and co-invest clubs: Collaborative families pursuing direct deals and fund co-investments; structure sourcing alliances, diligence capabilities, governance, and post-close value-creation partnerships.

Selected Capabilities of our Family Offices Practice

Strategy & Corporate Development

  • Family Office Mission, Charter, And Governance Design: Define mission, values, decision rights, family council and board cadence; codify a family constitution; align stakeholders and accelerate high‑stakes decisions across generations.
  • Capital Allocation And Investment Policy Strategy: Set long‑horizon capital allocation across public, private, real assets, and cash; define Investment Policy Statement (IPS), risk budgets, liquidity, pacing; improve returns and drawdown resilience.
  • Family Enterprise Portfolio And Holdco Strategy: Clarify role of holding company, dividend and reinvestment policies, and sector priorities; shape buy, build, hold, or exit decisions; increase compounding and strategic coherence.
  • Co-Investment And Manager Ecosystem Strategy: Define GP selection criteria, co‑investment rights, club deal participation, and partner network; negotiate access and fees; enhance alpha, control, and sourcing for family office investments.
  • Philanthropy, Impact, And Legacy Strategy: Align grantmaking, donor‑advised funds, and impact investing with family values; set goals and measurement; integrate with governance; amplify societal impact and reputational capital.

Operations

  • Family Office Operating Model And Service Catalog: Design end-to-end operating model, roles, SLAs, and workflows across investment operations, treasury, and household services; improve responsiveness, control environment, and scalability.
  • Treasury, Cash And Liquidity Operations: Implement cash segmentation, liquidity ladders, bank connectivity, sweeps, and daily positioning; reduce idle cash, wire errors, and liquidity risk for complex multi-entity structures.
  • Trade, Capital Call, And Wire Execution Controls: Standardize trade capture, approval matrices, capital call processing, wire templates, callbacks, and reconciliations; cut settlement breaks, fraud risk, and late fees.
  • Multi-Entity Bill Pay And Expense Management: Redesign invoice intake, coding, approval workflows, accounts payable (AP) automation, and allocations across trusts, partnerships, and LLCs; lower cycle time, errors, and audit findings.
  • Performance Reporting And Reconciliation Process: Standardize data feeds, custodian reconciliations, performance calculation, and consolidated reporting by family, entity, and asset class; improve accuracy, timeliness, and decision transparency.

Procurement & Strategic Sourcing

  • Procurement Operating Model And Spend Analytics: Build procurement operating model, category strategies, and spend analytics for family offices; implement procure-to-pay controls; deliver 10–20% savings, transparency, and faster sourcing cycles.
  • Wealth Technology And Data Vendor Sourcing: Run RFPs for portfolio accounting, performance reporting, CRM, data aggregation, and cybersecurity; negotiate licenses and SLAs; reduce total cost of ownership and integration risk.
  • Household, Property, And Lifestyle Services Sourcing: Source and negotiate property management, maintenance, security, private aviation, and concierge providers; set SLAs and KPIs; reduce cost and improve service quality.
  • Insurance Brokerage And Coverage Optimization: Run broker RFPs and coverage benchmarking for property, liability, cyber, collections, and directors and officers (D&O); improve limits and terms while reducing premiums and gaps.
  • Third-Party Risk Management And Vendor Governance: Design third‑party risk framework—segmentation, due diligence, System and Organization Controls 2 (SOC 2) reviews, and governance; reduce fraud, cyber exposure, and service interruption risk.

Product

  • Service Proposition And Tiered Offering Design: Design market-facing service offerings and tiered bundles by client segment; define entitlements and benefits; sharpen value proposition; increase adoption and share of wallet.
  • Pricing And Fee Model Architecture: Design fee structures—assets under management (AUM), retainer, project, performance—with discounts and minimums; align value to cost-to-serve; improve profitability and transparency.
  • Client Experience And Journey Blueprint: Define end-to-end onboarding, reviews, reporting, and service interactions; codify standards and touchpoints; raise satisfaction, retention, and referral rates.
  • Partner Ecosystem And Bundle Development: Curate banking, tax, legal, cybersecurity, aviation, and lifestyle partners into bundled offerings; structure entitlements and service credits; enhance differentiation, convenience, and stickiness.
  • Product Roadmap And KPI Governance: Establish product management, backlogs, release roadmaps, and KPIs; prioritize features from client insight; accelerate time-to-market and measurable outcomes.

Organization

  • Family Office Organization Design And Role Architecture: Define structure, spans and layers, role profiles across investment, finance, operations, and lifestyle services; clarify accountabilities; improve speed, control, and client responsiveness.
  • Decision Rights And Committee Charters: Codify delegations of authority, approval thresholds, and charters for Investment, Risk, Philanthropy, and Operations Committees; reduce ambiguity, accelerate decisions, and strengthen oversight.
  • Talent Strategy And Capability Building: Develop workforce plan, competency models, recruiting pipelines, and learning paths for key functions; cut time‑to‑fill, raise quality, engagement, and retention.
  • Succession Planning And Key Person Risk Management: Map successors, document critical processes, cross-train teams, and establish continuity plans; reduce key-person risk and ensure resilient family office operations.
  • Compensation And Incentive Design: Benchmark pay, design incentive plans for investment and operations teams, define co-invest and carried interest policies; align behavior to goals and reduce turnover.

Marketing

  • Brand Strategy And UHNW Positioning: Define brand architecture, value proposition, and messaging for ultra-high-net-worth families; sharpen differentiation versus RIAs and private banks; increase awareness, consideration, and qualified inquiries.
  • Digital Presence And SEO For Family Offices: Redesign privacy-conscious website, search engine optimization for family office keywords, conversion paths, and gated content; grow organic traffic, inquiry volume, and credibility.
  • Thought Leadership And Content Marketing Engine: Build editorial calendar and insights engine on governance, succession, and philanthropy; distribute via newsletters, LinkedIn, podcasts; generate inbound leads and strengthen expert reputation.
  • Referral And Centers Of Influence Marketing: Systematize attorney, CPA, private bank, and RIA partner programs; co-create events and toolkits; track referrals and conversion; lift high-quality introductions and win rates.
  • Reputation, PR, And Privacy Communications: Develop media, crisis, and privacy communications playbooks; manage press, online footprint, and doxxing risk; protect family reputation while enabling selective visibility.

Finance

  • Multi-Entity Accounting And Consolidation: Standardize chart of accounts, intercompany eliminations, and trust and LLC consolidation; accelerate close, improve transparency, and audit readiness across the family office enterprise.
  • Financial Planning And Cash Flow Forecasting: Build driver-based budgets, commitment and capital call forecasts, and scenario plans; optimize burn, align spending to goals, and prevent liquidity shortfalls.
  • Consolidated Reporting And Net Worth Analytics: Produce consolidated balance sheets, liquidity ladders, commitments, and key performance indicators; deliver timely dashboards informing distributions, risk posture, and investment pacing decisions.
  • Banking Strategy And Credit Facilities Optimization: Structure securities-backed lines, subscription lines, and real estate facilities; negotiate terms and covenants; lower interest cost and secure reliable liquidity for calls and projects.
  • Tax Calendar And Estimated Payments Coordination: Implement tax calendars, Schedule K‑1 collection and basis tracking, and estimates workflows; avoid penalties, improve visibility, and streamline collaboration with Certified Public Accountants and advisors.

AI, Data & Analytics

  • Family Office Data Lakehouse And Entity Master: Design a governed lakehouse integrating custodians, banks, portfolio accounting, Customer Relationship Management (CRM), and documents with entity master; enable consolidated reporting, auditability, and real-time visibility.
  • Performance Attribution And Look Through Analytics: Build multi-asset performance, risk, and exposure analytics with fund look-through and factor models; quantify concentration, liquidity, and currency; improve decisions and governance.
  • Liquidity And Cash Forecasting Analytics: Forecast capital calls, distributions, fees, taxes, and lifestyle outflows by entity; optimize cash segmentation and credit line usage; reduce cash drag and shortfall risk.
  • Relationship Intelligence And Deal Sourcing Analytics: Aggregate Customer Relationship Management (CRM) and co-invest histories; map relationships with General Partners (GPs) and centers of influence; prioritize outreach; increase deal flow.
  • GenAI Document Intelligence And K-1 Automation: Deploy large language models (LLM) with retrieval-augmented generation (RAG) over Limited Partnership Agreements, side letters, and Schedule K-1s; automate extraction, checks, and allocations; shorten cycles.

Transformation

  • Enterprise Transformation Blueprint And Value Case: Build target operating model, value case, and roadmap across investment operations, finance, client service, and technology; align principals; sequence releases; track benefits realization.
  • Cost Reset And Service Simplification: Run zero-based review of services, vendors, entities, and subscriptions; redesign service tiers and standards; reduce run-rate cost, complexity, and bottlenecks while preserving privacy.
  • SFO To MFO Scaling Transformation: Redesign offerings, pricing, onboarding, and operations to serve additional families; establish compliance, SLAs, and controls; accelerate AUM growth while protecting elite service quality.
  • Digital Workflow And Paperless Transformation: Reimagine intake, approvals, document management, and e-signature; standardize workflows and controls; shorten cycle times, reduce errors, and improve auditability for family office processes.
  • Change Management And Adoption Enablement: Build stakeholder maps, communications, training, and role-based playbooks for principals, family members, and staff; increase adoption, reduce disruption, and lock in behavior change.

Innovation

  • Innovation Thesis And Opportunity Portfolio: Define innovation thesis and themes; size opportunities; prioritize a balanced portfolio with targets for value, risk, and time-to-impact across wealthtech and family enterprise adjacencies.
  • Startup Scouting And Partner Ecosystem: Build startup scouting, venture capital, accelerator, and corporate partner networks; run market scans and diligence; secure pilot access and preferential economics; shorten time-to-pilot.
  • Venture Studio And Newco Incubation: Stand up venture studio to co-create concepts with family; validate problem-solution fit, MVPs, and spin-outs; establish governance, funding tranches, and milestone gates to de-risk.
  • Pilot Factory And Proof Of Concept Orchestration: Run a pilot factory with clear use cases, success criteria, and KPIs; negotiate vendor SLAs; execute proofs of concept; scale winners, kill laggards quickly.
  • Emerging Technology Sandbox And Governance: Establish controlled sandbox for generative AI (GenAI), digital identity, automation, and data sharing; define ethics, privacy-by-design, and risk guardrails; accelerate safe experimentation and adoption.

Sustainability

  • Sustainable Investment Policy And Governance: Establish environmental, social, and governance (ESG) and impact investing policy, exclusions, tilts, and stewardship governance; align family values, risk appetite, and liquidity requirements.
  • Portfolio Decarbonization And Net Zero Alignment: Baseline financed emissions using Partnership for Carbon Accounting Financials (PCAF); set targets, pathways, and levers; embed mandates and engagement; reduce carbon intensity and transition risk.
  • Impact Measurement And Reporting Framework: Design metrics aligned to Impact Management Project (IMP) and IRIS Plus; build Task Force on Climate-related Financial Disclosures (TCFD) dashboards; evidence outcomes, reduce greenwashing risk.
  • Manager ESG Due Diligence And Stewardship: Embed environmental, social, and governance (ESG) diligence, side letters, and proxy voting guidelines; assess integration and engagement; strengthen selection, monitoring, and ownership outcomes.
  • Climate Risk Scenario Analysis For Private Assets: Assess physical and transition risks across real estate, operating companies, and natural capital using scenarios; inform hedges, resilience investments, and insurance; protect value.

Compliance

  • Compliance Operating Model And Risk Assessment: Design and implement compliance operating model, risk assessment, compliance calendar, policies, training, monitoring, and testing; improve control effectiveness, reduce regulatory exposure, and strengthen audit readiness.
  • SEC Family Office Rule And RIA Registration Readiness: Assess Rule 202(a)(11)(G)-1 exemption; prepare RIA registration—Form ADV, Code of Ethics, custody rule, books and records; install Chief Compliance Officer and workflows.
  • AML, KYC, And Sanctions Compliance Program: Implement Customer Identification Program, beneficial ownership collection, Office of Foreign Assets Control screening, and alert investigation playbooks; reduce fraud, sanctions risk, and payment friction.
  • Privacy, Data Protection, And Records Compliance: Implement Gramm-Leach-Bliley (GLBA), GDPR, and CCPA controls, data retention, destruction, consent management, and breach response; reduce data risk, ensure lawful processing, and meet notification obligations.
  • Insider Trading And MNPI Controls: Establish wall‑crossing procedures, restricted lists, preclearance, personal trading surveillance, gifts and entertainment limits, and recordkeeping; prevent misuse of material nonpublic information and regulatory violations.

Program & Portfolio Management

  • Enterprise Portfolio Governance And EPMO Setup: Establish a Family Office Enterprise Program Management Office (EPMO) with stage gates, risk/issue/dependency management, and cadence; deliver on-time, on-budget programs and realized outcomes across entities.
  • Strategic Prioritization And Funding Governance: Rank initiatives by value, risk, readiness, privacy impact, and capacity; align funding tranches and sponsorship; minimize thrash and accelerate time-to-impact.
  • Resource, Vendor, And Capacity Planning: Build integrated resource plans across staff, advisors, and vendors; manage allocations, utilization, and constraints; reduce bottlenecks and overtime while protecting control environment.
  • Technology And Data Program Control Tower: Run control tower for portfolio accounting, Customer Relationship Management (CRM), data platform, and cybersecurity programs; manage dependencies, cutovers, and adoption; reduce downtime, overruns, and risk.
  • Benefits Realization And OKR Performance Management: Define value measures, Objectives and Key Results (OKRs), and baselines; instrument dashboards; enforce benefit ownership and reviews; convert initiatives into cost, risk, and service improvements.

Information Technology

  • Wealth Technology Architecture And Platform Implementation: Design and implement portfolio accounting, performance reporting, CRM, data aggregation, and document management; integrate banks, custodians, and GL; reduce manual work and reconciliation breaks.
  • Data Integration And API Enablement For Family Offices: Build data pipelines and APIs between custodians, banks, portfolio systems, GL, and CRM; standardize entity master and identifiers; improve timeliness, accuracy, and auditability.
  • Cloud Infrastructure And DevSecOps Enablement: Migrate workloads to cloud; implement infrastructure as code, CI/CD, and observability; harden security baselines; increase scalability, reliability, and delivery velocity while lowering run cost.
  • Cybersecurity And Zero Trust For Principals And Staff: Deploy identity governance, MFA, privileged access, endpoint protection, MDM, email security, and monitoring; reduce breach, ransomware, social engineering, and account takeover risk.
  • Disaster Recovery And Business Continuity Engineering: Define recovery objectives, backup and restore, immutable storage, failover runbooks, and incident response; run tabletop exercises; improve resilience and recovery confidence across entities.

Capital Projects

  • Owner’s Representation And Governance: Establish owner governance, decision rights, reporting, and controls; act as owner’s rep across advisors and contractors; protect privacy while safeguarding cost, schedule, and quality.
  • Site Selection And Feasibility Due Diligence: Run zoning, entitlement, environmental, geotechnical, access, and utilities diligence; model capital and operating costs; de-risk site acquisition and master planning.
  • Design, Entitlements, And Permitting Management: Orchestrate architects and engineers; manage community engagement, entitlements, and permits; compress approval timelines and avoid redesign and change-order risk.
  • Cost, Schedule, And Risk Control Tower: Set baselines, independent estimating, value engineering, contract strategy—guaranteed maximum price, construction manager at risk, design-build—and change control; monitor schedule health; prevent overruns and claims.
  • Construction Monitoring, Commissioning, And Handover: Inspect progress, verify pay applications, quality, and punchlist; manage commissioning, systems integration, and warranties; ensure operational readiness and smooth occupancy.

Investment Office & Portfolio Management

  • Investment Policy And Governance: Define Investment Policy Statement (IPS), objectives, benchmarks, risk limits, liquidity tiers, and decision rights; align principals; enable disciplined, repeatable portfolio decisions across entities.
  • Strategic Asset Allocation And Risk Budgeting: Design strategic and tactical asset allocation, risk budgets, and pacing across public, private, and real assets; optimize return, drawdown, and volatility versus objectives.
  • Manager Selection And Oversight: Run manager research, due diligence, and monitoring across funds and separately managed accounts (SMAs); negotiate terms; strengthen alpha capture, diversification, and governance.
  • Portfolio Construction And Rebalancing: Engineer factor exposures, position sizing, and rebalancing rules; integrate tax, liquidity, and constraints; improve risk-adjusted returns, tracking error control, and after-tax outcomes.
  • Performance And Risk Reporting: Build consolidated performance, attribution, and risk dashboards with look-through, liquidity ladders, and stress testing; enhance transparency, Investment Committee decisions, and accountability.

Direct Investments & Due Diligence

  • Deal Origination And Screening: Build proprietary sourcing, market maps, referral networks, and screening criteria against family mandate; increase qualified pipeline, speed to no, and hit rate.
  • Commercial And Operational Due Diligence: Evaluate market size, growth, competition, customer economics, pricing, technology, and operations; run primary research; quantify revenue, margin, and execution risks to underwrite investment.
  • Financial Modeling And Capital Structure Underwriting: Build integrated leveraged buyout models, scenarios, covenants, and downside cases; optimize capital stack and terms; enable disciplined return and capital-at-risk decisions.
  • Co-Investment And Syndication Evaluation: Assess general partner alignment, fees, rights, and exit pathways; design co-invest participation and pacing; improve economics, access, and control while managing conflicts.
  • Value Creation Plan And 100-Day Blueprint: Build pre-close value creation thesis, 100-day plan, metrics, and governance cadence; prioritize pricing, sales, procurement, and digital levers; accelerate profit, cash, and de-risk execution.

Estate Planning & Trusts

  • Wealth Transfer Strategy And Entity Architecture: Design multi-entity wealth transfer architecture spanning trusts, partnerships, and holding companies; align control, asset protection, and governance; coordinate with counsel; optimize flexibility and administrative efficiency.
  • Trust Administration Operating Model And Technology: Design trust administration operating model, calendars, beneficiary onboarding, distributions, allocations, unitization, and Schedule K‑1 coordination; select trust accounting systems; improve accuracy, timeliness, and fiduciary compliance.
  • Trustee Governance And Fiduciary Risk Controls: Define trustee governance, charters, delegation, conflicts management, investment policy integration, and documentation standards; implement monitoring and audit trails; reduce fiduciary liability, disputes, and regulatory findings.
  • Estate Liquidity And Funding Strategy: Model estate liquidity needs for taxes and settlements; evaluate insurance funding, premium financing, credit lines, and asset sale sequencing; prevent forced sales, reducing risk.
  • Beneficiary Communications And Transition Readiness: Design beneficiary communications, education, portals, and distribution workflows; codify consent, dispute, and escalation procedures; raise transparency, satisfaction, and compliance while protecting privacy.

Connect with the right consultant

Umbrex rapidly connects you with independent professionals who combine top‑tier consulting experience at firms such as McKinsey, Bain, Boston Consulting Group with hands‑on roles.

Find a consultant in our Family Offices Practice

Prefer email? Write to [email protected]

Thought Leadership

Industry Insights from Umbrex:
How to analyze a commercial bank

How to Analyze a Commercial Bank