The business of advising ultra-high net worth clients on how and whether to create a family office remains an important one, with banks and law firms developing specific advisory and support functions to work in the space. 

Accountancy and business advisory firm BDO has appointed Catherine Grum, formerly of KPMG, to be head of its family office services business. This is a new position at the firm, a spokesperson confirmed when asked by this publication.

Grum is based in London, and joins BDO’s private client services team.

A thought leader in the sector, Grum has worked with family offices for over 15 years, and her work has included leading a private office, sitting on the board of three international trust companies, and coordinating wealth structuring with investment management. She trained as a private client lawyer at Allen & Overy. 

The business of advising ultra-high net worth clients on how and whether to create a family office remains an important one, with banks and law firms developing specific advisory and support functions to work in the space. In June, for example, global investor services group IQ-EQ announced that it was launching a family office services arm, targeting single and multi-family offices, as well as individuals wanting to create such structures. 

BDO regularly comments about tax and regulatory issues affecting wealth management clients. For example, it gave its views to this news service about the package of measures the UK government put in place to try and cope with the COVID-19 pandemic.

This news service is exclusive media partner to Highworth Research, a data and analytics firm producing information about single family offices in Europe, the Middle East, Asia and elsewhere. (Readers can register for a trial access to its data here.)