CENTRAL | NEW JERSEY | VOL . 2
RELAX IN RETIREMENT How a Virtual Family Office Can Help You Relax in Retirement. Having a strong understanding of your Personal Financial situation is the first step towards a relaxing and drama free retirement. Do you think about retirement? Do you wonder if your nest egg will last? Do your retirement savings support your current quality of life? To truly understand your financial picture the first step is to know: what wealth you have, where is your money and how’s it performing. This is known as personal financial data. But perhaps you can’t crunch those numbers (or don’t want to.) You may want to consider a Virtual Family Office (VFO).
What is a Virtual Family Office (VFO)? Family offices have been around since the Rockefellers first employed a team of professionals to help track their finances. From that point forward, family offices have been known to serve ultra-high-net-worth families. Single Family Offices (SFO) include staffs of financial investment advisors, wealth management specialists, tax accountants, and personal bookkeepers under one roof. These employees managed the family’s wealth, but also provided estate planning advice, private wealth management, and family governance services. Then came Multi Family Offices (MFO) whose
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