Case Study: Family Office Services
A Family Office with significant wealth and reputation had started investing into a new market that brought on new players, scrutiny and increased the Principal’s risk exposure. They did not know where their most significant elements of risk exposure were nor how to build in mitigation plans.
Our Banyan design team performed an enterprise risk assessment that focused on the Principal’s personal, physical and digital exposure. Once a pattern of life assessment was complete, we built a comprehensive risk mitigation plan and embedded a risk expert into their Family Office as well as assigned a dedicated intelligence analyst. This embedded risk expert was then supported by Banyan’s team of experts to execute his mission of delivering flawless execution while providing the critical insight needed to protect the Family Office and Principal.
The Principal was able to understand where his overall risk exposure resided, communicate his desires for his mitigation plan and trust his dedicated team to uncover any risk components moving forward. The Family Office was then supported by our risk expert as they managed the Principal’s estate. When working with Family Offices elements of fit, trust and execution are critical for mutual success. Often times the issues uncovered are very personal in nature and it is paramount the Principal and Family Office has confidence in their risk management team to protect the Principal, family, assets and reputation.