The role of a family officer is to independently manage the total wealth in cooperation with the client. The main difference with our role as wealth manager is that the family office services put less emphasis on the investment and capital allocation side. Instead, Waterland acts as a ‘personal CFO’ and assists proactively in broad financial matters. These matters relate to the management, structuring and organization of total assets in the broadest sense of the word. Waterland’s role in family office services is more coordinating than advising. Activities include the selection and monitoring of tax specialists, lawyers, accountants, banks and other relevant third parties whereby Waterland facilitates the coordination between different specialists and assists clients in monitoring the implementation of the given advices.
As a result of our coordinating role for various high net worth families, we have developed a strong network of specialists, most of whom we have been working with for many years. Waterland considers it an advantage to work with external specialists as each professional brings his or her own expertise to the table to assist on specific topics. Additionally, we believe it is crucial that Waterland remains independent of these specialists in order to always act in the best interest of our clients.