Richard Gayton, a wealth manager and registered investment advisor, has launched a new family office firm, called Lakeside Virtual Family Office (LVFO), in California.
LVFO will include a virtual team of advisors who manage the affairs of ultra-high-net-worth-individuals (UHNWIs), families and foundations, which have assets under management (AUM) of more than US$25 million.
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The advisors at LVFO will manage personal needs, private wealth management, estate planning, tax planning and succession plans for a select clientele of ultra, high net worth individuals and families.
Gayton said: "While Family Offices are not a new concept, Virtual Family Offices are very new, and as such, we are privileged to be introducing this option to our portfolio of services. Our services provide comprehensive estate, real estate, financial services, and financial oversight of all investments.
"By doing so, we can ensure longevity for our clients’ family fortunes and help them build and maintain a legacy rather than dissipate or fractionalize large sums based on the diverging interests or needs of separate and conflicting individuals," he added.
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