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UK Private Equity House Launches Family Office

Amanda Cheesley Deputy Editor 11 July 2023

UK Private Equity House Launches Family Office

A new service from Traditum Private Equity aims to help high net worth families take a more strategic approach to their investment and taxation plans.

UK-based Traditum Private Equity has launched a family office to provide a single point of contact to co-ordinate their advisors and align their strategies into a single package.

“The service aims to fill a gap in the market which they identified through their work with high net worth investors," David Mitchell, Traditum's CEO and founder (pictured), said in a statement yesterday.

"The typical high net worth family has between nine and 16 advisors across a range of disciplines from investment, private banking and taxation to private client, legal and property advice," he said. 

“Our role is not to provide advice, but to reduce the complexity, co-ordinate the multiple strands of advice and ensure that a single strategy is deployed. The initial feedback we have received has been very positive. Advisors appreciate having an experienced professional team to co-ordinate advice and ensure they are delivering to a single strategy, while clients get a better service from their advisors," Mitchell continued. 

The rollout of the service speaks to continued energy in the family offices and associated services space.

The Traditum team will work with families' existing financial plans and identify any gaps in provision. Clients are encouraged to develop a family charter – a document that sets out their values, the principles they want to follow in managing their wealth and their short, medium and long-term objectives, the firm said. 

Traditum can also guide families on common topics such as their choices after exiting a business, philanthropy and impact investing, and how to involve children in managing the family wealth.

The team delivering the new service includes Trevor Sherlock, head of client services, who was formerly head of private clients for EY’s UK financial services practice. George Lyall, who is director of client services, is a former partner with law firm Womble Bond Dickinson.

“Managing wealth is a privilege but it is complex and can be a daunting task as decisions taken now can have an impact on future generations," Sherlock said. "Traditum’s approach is to help families develop a strategy and work with their existing advisors, trying to identify and fill any gaps in provision. Ultimately the aim is to help them be true to their values and fulfil their aspirations, both now and in the future.”

Traditum is a UK-based private equity house focused on UK businesses.  

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