Multi Family Office Wealth Management: The Overlooked Alternative to Private Banks

26 Sep 2025

Why Multi-Family Office Wealth Management Is Different

For high-net-worth families, wealth management is no longer just about returns. Spreadsheets, private banks, and traditional wealth managers can handle transactions, but they rarely provide the governance, risk management, and continuity required to secure a family’s wealth across generations.

Multi-family office (MFO) wealth management approach addresses this gap through a shared yet highly personalized structure that serves multiple families while maintaining independence, thereby delivering cost efficiencies, access to specialized expertise, and customized services simultaneously. It brings together:

Comprehensive financial services include investment management, investment advisory, and asset protection strategies integrated into one framework, with a deep understanding of the family’s entire economic landscape.

Tax planning and optimization are coordinated with financial advisors and tax advisors to reduce liabilities, ensure compliance with tax laws, and protect the family’s financial affairs.

Governance and decision-making are supported by family governance structures that align investment strategy, financial management, and lifestyle management with the family’s values.

Legacy and succession planning provide continuity frameworks that prepare future generations, preserve family dynamics, and safeguard financial security.

Cost efficiency is achieved through shared reporting platforms, technology, and specialized services that deliver sophisticated financial management without requiring the scale of a single-family office.

This combination makes multi-family offices fundamentally different. They provide the independence families seek from traditional wealth managers, the personalized service absent in private banks, and the governance discipline often missing in fragmented wealth management services. For families seeking resilience, clarity, and control, MFOs are becoming the model of choice.

Comparing Wealth Management Models

The proper structure determines how a family manages complexity today and across generations. Compare models on six lenses: independence of advice, governance and decision making, integrated tax and estate planning, reporting and technology, lifestyle management, and total cost of ownership. Use these lenses to choose what protects the family’s wealth while enabling clear, timely decisions, context-specific services, and visibility across the family’s wealth. MFOs can also provide access to investment opportunities typically reserved for institutional investors, offering families unique and exclusive options.

Multi-Family Offices vs Private Banks

At first glance, private banks and multi-family offices (MFOs) appear to solve the same problem: helping high-net-worth individuals manage wealth. But their priorities differ. Banks are built to serve multiple clients at scale, while MFOs exist to serve successful families with depth and independence.

Where banks focus

Private banks optimize for efficiency and profit. They segment clients by assets under management and push investment products designed for broad distribution. This means:

Advice is often tied to products and credit lines, not a family’s long-term needs.

Reporting remains standardized, with little insight into the family’s affairs across entities.

Governance, succession, or lifestyle support is rarely offered as specific services.

Where MFOs differ

Multi-family offices are structured around the unique needs of families, not the balance sheet of an institution. They deliver:

Independent investment advice spans private equity, hedge funds, and alternative investments, with no obligation to promote bank products.

Family governance frameworks that formalize decision-making and protect the family’s affairs across generations.

Integrated tax and estate planning as part of comprehensive financial services.

Lifestyle management and personalized service, tailored to family members rather than designed for multiple clients at once.

For successful families seeking more than standard wealth management, MFOs offer independence, context-specific services, and visibility across the family’s wealth. Where banks manage portfolios, multi-family offices manage continuity by aligning every decision with long-term legacy.

Multi-Family Offices vs Single-Family Offices

Single-family offices (SFOs) represent the gold standard of control. One family commands a fully dedicated team, bespoke systems, and in-house expertise. This model is viable only when significant wealth, often US$100 million or more, can justify the fixed costs of staff, reporting platforms, and governance infrastructure. Typically, these are ultra-high-net-worth families who require highly specialized and customized solutions.

Where SFOs excel

Full customization of investment strategy and access to direct private equity and hedge fund opportunities.

Deep involvement in the family’s financial affairs, from tax planning to succession frameworks.

Specific services like concierge and lifestyle management are designed exclusively for one family’s needs.

Where MFOs differ

Multi-family offices deliver similar sophistication in a shared model that balances control with cost efficiency:

Cost efficiency through shared reporting platforms, staff, and consolidated infrastructure.

Specialized services such as investment advisory, tax optimization, and asset protection strategies are provided without requiring SFO-level overhead.

Sophisticated financial management with governance frameworks tailored to each family’s values and decision-making style.

Broader investment opportunities via pooled access to alternative investments while retaining independence from bank-driven products.

For high-net-worth individuals and successful families who have substantial but sub-SFO scale, multi-family offices cost-effectively provide comprehensive financial services. They capture the advantages of professional management, governance, and continuity without the barrier of extraordinary fixed costs.

Why Families Look Beyond Traditional Wealth Management

Traditional wealth managers built their model around products and portfolios. That worked when families needed basic investment advice. But as wealth grew more complex, high-net-worth individuals began to expect more: governance, integration, and continuity. Comprehensive oversight is now essential to preserve the family’s financial assets and ensure their protection and growth over generations. Successful families no longer want fragmented reports or product-driven guidance. They want a family office approach that protects their wealth while aligning with their values.

What families now expect

Oversight of financial affairs that consolidates reporting, risk management, and asset management across entities.

Integrated tax planning and estate strategies that protect wealth and improve cost efficiency across generations.

Legacy planning and succession frameworks that prepare future generations with governance, education, and continuity.

Family governance structures that embed the family’s values into decision-making and safeguard alignment across multiple clients.

Specialized services beyond investments include lifestyle management, personalized service, asset protection strategies, and concierge support.

Broader investment advisory opportunities cover private equity and hedge funds, delivered independently of bank products. Learn more about our participation in global family office conferences and events.

Traditional wealth managers rarely deliver these family office services within a single, integrated structure. Multi-family offices do. By offering comprehensive financial services, tailored fee structures, and specific services that banks overlook, they give high net worth families clarity, cost-effective oversight, and confidence that every decision protects both today’s assets and tomorrow’s legacy.

Comparison at a Glance

Feature / Service	Multi-Family Office (MFO)	Private bank / traditional wealth management	Single-family office (SFO)
Client base	Serves multiple families; shared infrastructure	Serves many clients, segmented by assets under management (AUM)	Serves one family only; fully dedicated
Investment management	Independent management; access to private equity, hedge funds, and alternatives	Bank-driven products and model portfolios	Bespoke direct investments and complex structures
Governance & decision making	Family governance frameworks: shared but customized processes	Limited governance; shaped by institutional priorities	Fully tailored governance aligned with the family’s values
Tax & estate planning	Integrated tax planning, optimization, and estate strategies	Basic tax services; estate planning outsourced	Comprehensive in-house tax advisors and estate planners
Legacy & succession	Legacy planning and succession support across generations	Limited succession focus	Deeply embedded succession planning and next-generation education
Lifestyle management	Concierge and lifestyle services; highly personalized	Minimal; product- and investment-centric	Fully customized lifestyle support
Cost efficiency	Cost-effective; shared staff, reporting, and platforms	Fee-based (AUM or products); often opaque	High fixed cost; requires significant wealth
Reporting & technology	Shared digital platforms; consolidated data and risk management	Standardized bank reporting; less transparency across asset classes	Bespoke systems, if funded, will have full control
Who it fits	High net worth families seeking comprehensive services without SFO-level costs	Families seeking investment products or credit	Ultra-wealthy families seeking ultimate control

The model you choose sets the standard for control, visibility, and resilience. Private banks optimize for scale, single-family offices optimize for total control, and multi-family offices optimize for balance: independent advice, comprehensive financial services, and cost efficiency within a governance framework that protects wealth across multiple generations.

Core Services in Multi-Family Office Wealth Management

The strength of a multi-family office lies in the range of services it delivers. Families are not just buying investment advice. They are investing in comprehensive financial services that bring together governance, planning, and decision-making to protect wealth across future generations. These services encompass all aspects of the family’s financial affairs, including investment management, tax strategies, estate planning, and philanthropy.

Investment Management and Advisory

Multi-family offices combine investment management with independent investment advisory services. Families gain access to private equity, hedge funds, and alternative investments that traditional wealth managers often reserve for institutional clients. The advice is independent, not tied to products, and tailored to the family’s values and long-term investment strategy.

Risk Management and Asset Protection Strategies

Wealth preservation requires more than returns. Multi-family offices deliver risk management frameworks and asset protection strategies that secure the family’s financial affairs. They allocate assets based on risk tolerance, family dynamics, and governance goals. The outcome is clarity and resilience, even in uncertain markets.

Investment Opportunities Beyond Private Banks

Private banks focus on scale and product distribution. By contrast, multi-family offices open doors to investment opportunities that reflect specific family needs. Families access venture capital, private equity, hedge funds, and specialized services through a lens of independence. Each opportunity is considered within the broader context of governance and continuity.

Tax Planning and Tax Optimization

Effective tax planning is central to financial security. Advisors within multi-family offices integrate tax planning, estate strategies, and tax optimization into one process. They design strategies that minimize tax liabilities, improve cost efficiency, and safeguard wealth for future generations. It is not an add-on service. It is core to the way family office services are provided.

Legacy Planning and Succession

Legacy planning ensures that wealth is more than numbers on a balance sheet. Multi-family offices design succession frameworks that embed the family’s values into governance and decision-making. Education for next-generation family members is part of the process, creating continuity that protects both financial capital and family dynamics.

Lifestyle Management and Personalized Service

Beyond financial management, families want services that simplify their lives. Multi-family offices offer lifestyle management, concierge support, and personalized services tailored to the needs of each family member. These specialized services demonstrate that wealth is about security, trust, and quality of life as much as it is about returns.

Together, these services show why successful families choose multi-family offices over traditional wealth managers. The model integrates governance, planning, and personalized service into one structure. It transforms fragmented financial affairs into a system of comprehensive financial services that delivers clarity, cost efficiency, and continuity.

Family Wealth Education

Family wealth education is a cornerstone of effective wealth management. Preserving and growing wealth across generations requires more than investment management and tax planning. It demands that every family member is equipped to make informed financial decisions.

To achieve this, family offices offer tailored educational programs tailored to the needs of each family. These programs include workshops, seminars, and one-on-one mentoring. Topics range from the fundamentals of investment management and financial planning to advanced tax planning strategies and philanthropic initiatives. By simplifying complex financial concepts, family offices empower family members, especially the next generation, to take an active role in managing the family’s wealth.

This focus on education builds a culture of financial literacy and responsibility. All family members understand the impact of their decisions and the importance of long-term planning. Families are better prepared to navigate the challenges of significant wealth, make strategic choices, and uphold their legacy for future generations.

Decision Making and Family Governance

Wealth without governance often leads to conflict. Families that rely only on informal processes risk disputes, inconsistent decisions, and a lack of continuity. Multi-family offices introduce governance structures that formalize how families make decisions about wealth, investments, and succession.

How MFOs build stronger decision-making

Shared governance frameworks give multiple clients access to proven processes while still reflecting each family’s values.

Decision-making protocols ensure that financial planning is aligned with long-term goals rather than short-term pressures.

Family governance systems create clarity on roles, responsibilities, and services provided by advisors, avoiding duplication and confusion.

Integration with comprehensive financial services connects governance with investment strategy, tax planning, and estate strategies.

Why this matters

Families gain transparency and accountability in managing their financial affairs.

Successful families safeguard harmony by embedding rules that balance individual voices with collective goals.

Governance structures prepare future generations to take part in decision-making with discipline and confidence.

Multi-family offices prove that governance is not an add-on but a foundation. By aligning decisions with the family’s values, they ensure financial planning remains consistent, resilient, and focused on legacy.

When Multi-Family Office Wealth Management Makes Sense

Not every family requires a dedicated structure. A multi-family office makes sense when the scale of wealth calls for governance and oversight, but a single-family office would lock capital into high fixed costs and staff. MFOs provide the balance: access to family office services without the overhead of building for one family alone.

For High Net Worth Families Seeking Cost Efficiency

High-net-worth families choose multi-family offices when significant wealth requires oversight but does not justify the cost of a dedicated family office. They reach a point where complexity outgrows private banks and traditional wealth managers. They need oversight of financial affairs, consolidated reporting, and governance, but cannot justify the fee structure of a stand-alone office. MFOs solve this with cost-effective platforms that share staff, systems, and advisors across multiple clients.

For Families Seeking Specialized Services

Families use multi-family office services to access comprehensive financial services that extend beyond traditional wealth management firms. MFOs provide specialized services, including investment advisory, tax planning, estate planning, and asset protection strategies. These services go deeper than the specific services offered by banks, adding lifestyle management, reporting tools, and governance frameworks that reflect each family’s values.

For Families Focused on Future Generations

Successful families know wealth is not just about today’s returns. MFOs embed legacy planning and succession structures that prepare family members to take on responsibility. By linking governance, continuity, and education, they safeguard the family’s financial affairs across multiple generations. The result is stability: decisions aligned with the family’s values and wealth preserved for the future.

MFOs fit best where families want the sophistication of family office services and the discipline of governance without building from scratch for one family. They combine cost efficiency, specialized services, and continuity, proving why more families are choosing this model over traditional wealth managers.

Fee Structures and Cost Considerations

Cost is one of the most important drivers when families compare wealth management models. A multi-family office delivers the sophistication of family office services without the heavy overhead of a single-family office.

How MFO fees work

Most MFOs follow a transparent fee structure based on either flat fees or assets under management; flat fees are often calculated based on the management of the family’s wealth.

Families benefit from transparent pricing that sets expectations upfront.

Costs are spread across multiple clients, creating cost efficiency that a dedicated office cannot match.

Why it matters

Private banks and traditional wealth managers often bundle fees into products, making it difficult for families to see what they are paying for. By contrast, MFOs offer cost-effective solutions that separate advice from distribution. Families know exactly what they are paying, how it relates to services provided, and how the model supports long-term planning.

Families see exactly what services are provided, from investment advisory to estate strategies, without hidden charges.

The model is cost-effective, providing access to comprehensive financial services at a fraction of the cost of building an in-house system.

Compared with traditional wealth managers or private banks, where fees can be tied to product sales, MFOs align pricing with service, not distribution.

This clarity makes the multi-family office model attractive to high-net-worth families. It replaces opaque pricing with transparent structures that align fees to outcomes, reinforcing the value of comprehensive financial services.

Model	Fee Structure	Services Provided	Cost Efficiency	Transparency
Multi-Family Office (MFO)	Flat fee or asset-based fee; aligned to the scope of services	Comprehensive financial services, including investment advisory, tax planning, estate strategies, lifestyle management	High costs are shared across multiple families	Clear, itemized; families know exactly what they pay for
Private Bank / Traditional Wealth Managers	Fees bundled into products, commissions, and AUM charges	Primarily investment products and limited planning services	Moderate, tied to product sales rather than efficiency	Opaque, difficult to separate the advice from the distribution
Single-Family Office (SFO)	Fixed cost of full staff, infrastructure, and systems	Fully bespoke family office services, governance, and continuity	Low, requires significant wealth to justify	Transparent internally, but the high overhead makes the cost disproportionate

Choosing a Multi-Family Office

Selecting the right multi-family office (MFO) is a pivotal decision for high-net-worth families. The choice determines how wealth is safeguarded, how financial affairs are managed, and how the legacy is preserved across multiple generations. With a wide array of wealth management services available, families should carefully evaluate several factors to ensure the chosen MFO aligns with their unique needs and aspirations.

Investment philosophy and strategy
An MFO’s investment strategy must align with the family’s values, risk tolerance, and long-term objectives. Strong firms provide independent investment management and advisory services while adapting to the family’s financial management preferences. Personalized service is not optional. It is central to building trust and achieving sustainable results.
Breadth of services provided
Families should review the full scope of family office services on offer. Leading MFOs integrate tax planning, estate strategies, philanthropy, and asset protection strategies. These services minimize tax liabilities, protect assets, and advance legacy planning goals. Sophisticated financial management and family governance frameworks ensure continuity and disciplined decision-making across generations.
Fee structure and cost efficiency
Transparency in the fee structure is critical. Families should expect straightforward pricing tied to the services provided. This clarity avoids hidden costs and ensures cost efficiency. An opaque fee model is a red flag, especially compared with the clear, comprehensive financial services that top multi-family offices deliver.
Track record and governance approach
Due diligence matters. Families should review the MFO’s track record, service delivery, and approach to family governance. An office that balances specialized services with governance discipline gives successful families confidence that their wealth will remain aligned with long-term goals.

Selecting the right multi-family office is about more than services. It is about creating a system that reflects the family’s values, protects its financial affairs, and prepares future generations to manage wealth with clarity and purpose. With the right partner, families can secure continuity, cost efficiency, and a lasting legacy.

The Future of Wealth Management in Multi-Family Offices

Wealth is becoming more complex, and families expect more than reports and returns. The future of multi-family offices lies in technology, transparency, and governance that prepare families for multiple generations. This is where they will outpace private banks and traditional wealth managers.

Technology and Reporting Platforms

Integrated platforms are now core to multi-family office services. They deliver customised reporting, consolidate financial planning, and give families seamless access to relevant data. Technology strengthens cost efficiency by automating reconciliations and compliance, while also enabling governance frameworks that reflect the family’s values.

Growth of Multi-Family Offices

The number of multi-family offices continues to grow as high-net-worth families seek independence from traditional wealth managers. They want comprehensive financial services that cover more than investment, including estate strategies, tax planning, and specialised services such as lifestyle management. This growth is also driven by successful families who want governance systems that prepare family members for continuity across multiple generations.

The model is not standing still. Multi-family offices are building platforms, expanding services, and scaling governance. Families who adopt this model gain transparency, resilience, and a future-focused approach to wealth management.

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Without prejudice to any other rights or remedies and notwithstanding anything contained in Clause 11.1 above, the Company shall have an unfettered right to terminate this Agreement at any time upon Licensee’s failure to comply with all the terms and conditions of this Agreement.
Company may terminate this Agreement, effective immediately, if the Licensee files itself, or any other Person has filed against the Licensee (and fails to obtain a dismissal within sixty (60) days thereof), a petition for voluntary or involuntary bankruptcy or pursuant to any other insolvency law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver or custodian for a substantial part of its property.
Upon expiration or earlier termination of this Agreement, the license granted hereunder shall also terminate, and Licensee shall cease using and destroy (to the extent reasonably practicable) all copies of the Software Platform. No expiration or termination shall affect Licensee’s obligation to pay all Licensee Fees that may have become due before such expiration or termination, or entitle Licensee to any refund, in each case except as set forth in Clause 11.3.

Limited Warranties, Exclusive Remedy and Disclaimer/Warranty Disclaimer.

The Company warrants that, during the Term, the Software will substantially contain the functionality described in the Documentation, and when properly accessed and used on a computer (as per requirements specified in the Documentation) and operated in accordance with the Documentation the Software shall substantially perform in accordance therewith. However, the Company does not represent or warrant that any and/or all errors will be corrected and that any and/or all incidents will be prevented or corrected.
The warranties expressly set forth in this Clause will not apply and will become null and void (i) if Licensee breaches any provision of this Agreement, and/or (ii) if Licensee and/or any Authorized User and/or any other Person to whom access to the Software is provided , whether or not in violation of this Agreement:
uses the Software Platform on or in connection with any hardware or software not specified in the Documentation, provided that the warranties in this Section shall continue to apply to Software that is installed or used on any hardware, software, configuration or operating system in accordance with the Documentation; or
misuses the Software, including any use of the Software other than as specified in the Documentation.
During the Term of this Agreement, if the Software fails to perform substantially in accordance with the Documentation, and such failure is not excluded from warranty pursuant to Clause 12.1, the Company will, at its sole option, use commercially reasonable efforts to repair the Software, provided that Licensee provides Company with all information which the Company requests to resolve the reported failure, including sufficient information to enable the Company to recreate such failure. Provided further that, the Licensee shall within 5 days after such failure has occurred, notify in writing to the Company informing about the failure. The Licensee acknowledges and agrees that the Software Platform may produce inaccurate results because of a failure or fault within the Software Platform for reasons not attributable to the Company or failure by Licensee to properly use and/or deploy the Software Platform. The Licensee assumes full and sole responsibility for any use of the Software Platform and bears the entire risk for failures or faults within the Software Platform on account of reasons not attributable to the Company. Licensee agrees that regardless of the cause of failure or fault or the form of any claim, the Company’s obligation if any shall be governed by this Agreement. Further, the Licensee acknowledges that the remedies set forth in this Clause 12.3 are Licensee’s sole remedies and Company’s sole liability with respect to the warranties provided in this Clause 12.
The software and documentation are provided to licensee on an “as is where is” basis and with all faults and defects without warranty of any kind other than as expressly set forth in this Clause 12. The Company, on its own behalf and on behalf of its affiliates expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the software and documentation, including all implied warranties of merchantability, fitness for a particular purpose, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the licensed Software Platform will meet the Licensee’s requirements, achieve any intended results, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.
The Licensee represents and warrants that it has due authorisations to enter into this Agreement and perform its obligations. Further, the Licensee represents and warrants that its is not barred under law, contractually or otherwise to enter into this Agreement and perform its obligations.

Limitation of liability

The Company and its affiliates, shall not be liable to the Licensee or to any third party for any use, interruption, delay or inability to use the software, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information, or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with this agreement, breach of contract, tort (including negligence) or otherwise, regardless of whether such damages were foreseeable and whether or not the Licensee was advised of the possibility of such damages.
In no event will the Company’s and its affiliates’, collective aggregate liability under or in connection with this Agreement or its subject matter, under any legal or equitable theory, including breach of contract, tort (including negligence), strict liability and otherwise, exceed the total amount paid to the Company under this agreement for immediately preceding three month period.

Export Regulation.

The Software Platform may be subject to US export control laws, including the US Export Administration Act and its associated regulations. The Licensee shall not, directly or indirectly, export, re-export or release the Software Platform to, or make the Software Platform accessible from, any jurisdiction or country to which export, re-export or release is prohibited by law, rule or regulation. The Licensee shall comply with all applicable federal laws, regulations and rules, and complete all required undertakings (including obtaining any necessary export license or other governmental approval), prior to exporting, re-exporting, releasing or otherwise making the Software Platform available outside the US.

Indemnification

Licensee hereby agrees to indemnify the Company and its officers, directors, employees, agents, and representatives (“Indemnified Person”) from each and every demand, claim, loss, liability, or damage of any kind, including actual attorney’s/legal fees, whether in tort or contract, that may incur by reason of, or arising out of, any claim which is made by either the Licensee and/or any third party against the Indemnified Person with respect to any breach or violation of this Agreement by the Licensee or any claims based on Licensee’s and/or its client’s use of the Software Platform.

Miscellaneous.

Governing Law: This Agreement is governed by and construed in accordance with the internal laws of United States of America without giving effect to any choice or conflict of law provision or rule that would require or permit the application of the laws of any other jurisdiction. Any disputes arising from or related to this Agreement or any Company Software or service shall be subject to the exclusive jurisdiction and venue of the courts situated in New York, and both Parties hereby consent to such jurisdiction and venue.
Force Majeure: The Company will not be responsible or liable to the Licensee, or deemed in default or breach hereunder by reason of any failure or delay in the performance of its obligations hereunder where such failure or delay is lockdowns, due to strikes, labor disputes, civil disturbances, riot, rebellion, invasion, pandemic, epidemic, hostilities, war, terrorist attack, embargo, natural disaster, acts of God, flood, fire, sabotage, fluctuations or non-availability of electrical power, heat, light, air conditioning or any other circumstances caused beyond the Company’s reasonable control (“Force Majeure Event”). It is hereby clarified that the Licensee’s payment obligation shall continue during the Force Majeure Event.
Notices: All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by e-mail (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.
Entire Agreement: The terms and conditions of this Agreement, including its exhibits, constitutes the entire agreement between the parties with respect to the subject matter hereof, and merges and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions. Neither of the parties shall be bound by any conditions, definitions, warranties, understandings, or representations with respect to the subject matter hereof other than as expressly provided herein. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. No oral explanation or oral information by either party hereto shall alter the meaning or interpretation of this Agreement. No amendments or modifications shall be effective unless in a writing signed by authorized representatives of both parties. These terms and conditions will prevail notwithstanding any different, conflicting or additional terms and conditions which may appear on any purchase order, acknowledgment or other writing not expressly incorporated into this Agreement.
Assignment:

a. Licensee shall not assign or otherwise transfer any of its rights, or delegate or otherwise transfer any of its obligations or performance, under this Agreement, in each case whether voluntarily, involuntarily, by operation of law or otherwise, without Company’s prior written consent, which consent Company may give or withhold in its sole discretion. For purposes of the preceding sentence, and without limiting its generality, any merger, consolidation or reorganization involving Licensee (regardless of whether Licensee is a surviving or disappearing entity) will be deemed to be a transfer of rights, obligations or performance under this Agreement for which Company’s prior written consent is required. No delegation or other transfer will relieve Licensee of any of its obligations or performance under this Agreement. Any purported assignment, delegation or transfer in violation of this Clause 16.5 is void. The Company may assign or otherwise transfer all or any of its rights, or delegate or otherwise transfer all or any of its obligations or performance, under this Agreement without Licensee’s consent. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective permitted successors and assigns.

b. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer on any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Amendment and Waiver: This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. Failure or neglect by the Company to enforce at any time any of the provisions hereof shall not be construed nor shall be deemed to be a waiver of the Company’s rights hereunder nor in any way affect the validity of the whole or any part of this License nor prejudice the Company’s rights to take subsequent action.
Reservation of Rights and Remedies: The Company reserves all of its rights to proceed to enforce its rights in connection with all rights not expressly granted to the Licensee in this Agreement.
Severability: If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision shall to that extent be severed from the remaining terms, conditions and provisions which shall continue to be valid to the fullest extent permitted by law.
Interpretation: For purposes of this Agreement, (a) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole. Unless the context otherwise requires, references herein: (x) to Sections and Exhibits refer to the Sections of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement.
Independent Development: This Agreement does not preclude the Company from evaluating, acquiring from third parties not a party to this Agreement, independently developing or marketing similar technologies or products, or making and entering into similar arrangements with other companies. The Company is not restricted by this Agreement to make such products or technologies available to third parties.
Disclaimer: The Software Platform is subject to the Disclaimer set out in the Appendix V of this Agreement.

Appendix IV : Privacy Policy

The Customer can access the privacy policy of the Company at the following link: Privacy Policy

Appendix V: Disclaimer

All of the operating procedures with respect to the Software Platform have been designed based on the Company’s experience in working with hundreds of global family offices. Under no circumstances should any person using the Software Platform should make investment decisions based solely on the information setout therein. The Company is not a qualified financial advisor and the Licensee should not construe any information discussed herein to constitute investment advice. The information in the Software Platform is not meant to be, and should not be construed as advice or used for investment, financial planning, legal, accounting, or tax purposes. The Licensee agrees to consult with a registered investment advisor, which the Company is not, prior to making any investment/trading decision of any kind. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. It must be implemented as per individual family office requirements in consultation with the family office’s local accounting and legal professionals.
The Software Platform is based upon information that is relevant while making investment decisions and the Company considers it reliable, but the Company does not represent that it is accurate or complete, and that it should be relied upon, as such. The Licensee should not rely solely on the information in making any investment. Rather, the Licensee should use the information only as a starting point for doing additional independent research in order to allow the Licensee to form its own opinion regarding investments. All recommendations, advice or opinions cited are the professional views of the Company. The Licensee must act upon them with due diligence.
The Company is neither registered as a wealth advisor, wealth manager, investment advisor nor soliciting any investment in any jurisdiction. Further, the Company does not accept any responsibility or liability for the actions or inactions on the part of any individual or firm stemming from the information mentioned in the Software Platform. The Licensee is solely responsible for verifying the information as being appropriate for the Licensee’s use, including without limitation, seeking the advice of a qualified professional regarding any specific financial, legal, accounting, or tax questions that the Licensee may have.
The Company makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material/factual data in the Software Platform. The Company does not warrant that investment/trading methods or systems presented in the manual will result in profits or losses. The Company makes no guarantees as to the accurateness, quality, or completeness of the information and the Company shall not be responsible or liable for any errors, omissions, inaccuracies in the information or for Licensee’s reliance on the information Vis-à-vis the Software Platform.

Multi Family Office Wealth Management: The Overlooked Alternative to Private Banks

Password Policy

Asset Vantage Software Licensing Agreement

Appendix IV : Privacy Policy

Appendix V: Disclaimer