Investor services group IQ-EQ is committing to wealthy families across generations by introducing family office services under its private wealth segment.
The enhanced offering of dedicated family office services is designed to support the cross-border and increasingly complex requirements placed on family offices by their ultra-high-net-worth (UHNW) families to protect and grow their private capital, the firm said in a statement on Monday.
The offering targets single and multi-family offices, as well as high-net-worth executives and entrepreneurs looking for a virtual family office set-up, and aims to captures a slice of the expanding and evolving family office market, as globally minded UHNW families embrace more sophisticated governance and an increasingly international and multi-asset class approach to investment strategies, IQ-EQ said.
Cross-Segment Offering
IQ-EQ, which has been servicing the UHNW community for over 50 years under the umbrella of its private wealth segment, recognized the need for a dedicated, cross-segment offering that would cover both traditional fiduciary and administration services as well as more recent requirements, such as ESG and KRI reporting, deal flow, regulatory and tax compliance, philanthropy, alternative and luxury asset services.
With family office services, the firm will bring together a range of key services across all of the group’s core segments, including funds and institutional in particular, given the increased demand for co-investment vehicles from UHNW families and their family offices.
Regional Growth
IQ-EQ has recently made several hires to drive growth in the region with a focus on entrepreneurs, family business and family offices, including Sukanya Lal, business development director in Singapore, Hiroki Allen as its Japan-based funds director, and Peter Golovsky as head of private wealth for Asia.
The group has capabilities that span across private equity, fund compliance, infrastructure-related legal services, and multi-family office services. It has operations in 23 markets with 2,800 employees globally.
