Richter > Richter Family Office

Richter Family Office

We understand that the transfer of your wealth to future generations is about far more than just the dollars and cents. It’s about the transition of your legacy.

For many families, complex financial structures, emotional decisions, and potential conflict amongst family members can cause such wealth to feel more like a burden than a blessing.

Beyond our best-in-class team and approach, we provide you with support through daily decisions, and difficult conversations. Together, we help you meet your financial objectives, and prepare for the unseen; all while freeing up your valuable time, and protecting the legacy you’ve worked your whole life to build.

Established in 2001, Richter Family Office is the largest multi-family office in Canada, and has earned an outstanding reputation for providing wholly independent, holistic and objective wealth advisory services to some of Canada’s wealthiest families.

Your personal Chief Investment Officer…

Our modus operandi is unique in that while we have extensive experience dealing with leading financial institutions, we’re not affiliated with any of them. Our business model isn’t based on managing assets internally or selling investment products. Rather, we’re compensated only by the families with whom we work. This allows us to source best-in-class managers across the globe and offer tailor-made solutions to address each family’s unique and highly personal situation. What’s more, within this structure, the families we partner with don’t by necessity need to liquidate their investments. Instead, our approach seeks to incorporate existing relationships and together, we craft consolidated solutions.

 …and legacy’s Quarterback

When advisors work in silos, families end up being responsible for ensuring that information is relayed to all parties and plans are implemented effectively. Placing the family at the centre of this complex framework detracts from the benefit of collaboration and mutual support that is afforded through the interaction among your professionals. We understand you’ve got enough to deal with as it is, so we work to remove that burden from you.

We fully align with your needs and objectives, and act as your quarterback, ensuring streamlined communication and collaboration between all of your various advisors. This helps address risks associated with poor tax or estate planning, and ensures a thoughtful approach to portfolio construction and management.

Wealth Management

Acting as your family’s Chief Investment Officer, our professionals provide fully independent wealth management advisory services to guide you in investing and growing your family’s financial assets. We offer portfolio construction across a full spectrum of public and private investments, based on conflict-free investment advice and fully consolidated investment reporting so that you always know where you stand.

Given our open-architecture model, we are constantly seeking new and interesting investment opportunities to complement our families’ existing investments. But to qualify, each opportunity is extensively vetted by our research team and analysts before further review by our investment committee. Prior to presenting any opportunity to our families, we need to fully understand the nature of the investment, the quality of the investment manager, and any tax consequences.

Investment strategy

Independent and objective advice helps you make informed and sound decisions for the long term. Richter Family Office continuously seeks out unique and differentiated strategies from across the globe. We only recommend carefully vetted investment managers whose style and performance are best suited to your family’s financial objectives. RFO stays engaged with the managers to challenge any performance gaps. And to help ensure that you stay on track, we constantly monitor your portfolio to ensure that the risk-adjusted returns on your investments are objectively benchmarked.

While the Richter Family Office is registered as a Portfolio Manager in the jurisdictions in which it operates, our role is to bring thoughtful advice to our families on matters relating to investment selection and portfolio construction. This means that we do not exercise any discretionary control of our clients’ investments, nor commit to any strategy without our families’ approval.

Tax and estate planning

For our families, investment management is just one important issue: estate and tax planning in many cases are a more significant piece of a multi-generational framework. In conjunction with the Richter tax advisory business, Richter Family Office is uniquely positioned to help families navigate the complex world of tax and estate planning. Many of our clients work with the full suite of Richter tax, estate, and investment services, while others have longstanding advisory relationships elsewhere. Either way, the Richter Family Office is well suited to working with a multi-disciplinary team of professionals to save you the burden of quarterbacking complex technical issues.

Practically speaking, Richter Family Office has the expertise to assess the tax risks of each investment strategy in order to ensure that your investment portfolio is tax efficient and aligns with your estate plan. We work with diverse teams of tax experts; those you may already be working with, and others we might suggest for your benefit. We can explain complex concepts to your family so that you may assess their merit and make a well-informed decision.

Family Account Management

In addition to working as your family’s Chief Investment Officer, Richter’s Family Account Management (FAM) team takes care of the operational responsibilities that can take up your valuable time. Acting in the capacity of your personal Chief Financial Officer, our professionals oversee and provide strategic guidance on lifestyle management, intergenerational wealth transfer, corporate and personal planning opportunities and philanthropic strategy. The team can provide you with performance indicators, as well as manage your financial calendar and help develop a roadmap for the next generation.

By integrating both your family’s financial and investment reports, we can provide you with clear insight into how your assets are performing as well as how the money is being spent. This can make the oversight of all aspects of your family’s wealth simple, as well as providing you continuity through one primary point of contact for all of your family’s financial affairs.

Philanthropy

Charitable giving is often an expression of your family’s core values; it represents who you are and what you aspire your legacy to be. In order to maximize the impact of your philanthropy, you must ensure that your giving is effective and that your gifts are used in a way that reflects your intent. And because every penny counts, we work closely with our families to ensure that their charitable giving is as tax efficient as possible, helping maximize the economic impact.

We also know that philanthropy is a great way to help bring your family together by providing a forum for transmitting core values across generations. It helps your heirs understand the impact that giving can have on the world around them, but at the same time, understand some of the practical issues of investment management. Many families use charitable funds as a way of helping develop financial literacy among young heirs and to teach them how to interact with the family’s advisor network. At Richter Family Office we encourage families to come together in this way and seek to engage multiple generations on strategic philanthropic issues.

Insurance advisory

Life insurance can be an important investment strategy for families to provide liquidity at death or for philanthropic objectives. Just as RFO seeks out best-in-class investment managers, we can guide you through the decision as to whether life insurance is appropriate and if so what amount and what type best suits your needs. We can work with your current insurance broker or we can refer someone to you.

Cash management

Cash management is an important component of a family’s overall financial framework and having an effective advisor who can help manage your liquidity needs can save you time and money. As part of Richter Family Office’s portfolio management advisory services, we work closely with families to help identify cash flow needs and the most tax-efficient means of funding day-to-day living expenses. This also means providing families with access to efficient investment solutions that can be quick sources of liquidity.

Richter Family Office can work with the Richter Family Account Management group, and your private banker, to take care of your day-to-day accounting, bookkeeping and bill payment needs. We ensure that the cash you require is available; thereby eliminating the administrative tasks you would normally have to oversee.

Family Governance

Family enterprises are complex, whether they exist in the context of an operating family business or as stakeholders in large passive investment corporation. Richter Family Office can help you put the proper governance in place to include family participation in the management of the portfolio and to ensure a smooth transition from one generation to the next.

Due Diligence

Numbers and past performance tell only part of the story. Proper due diligence requires multiple face-to-face and on-site meetings so we can truly understand if a strategy is suitable for our clients. We go through an exhaustive list of qualitative and quantitative factors. As our approach is more goals-based, as opposed to seeking simple diversification; having a sound understanding of the strategies that we employ is critical to helping clients meet a variety of different investment goals.

Financial Education

Financial education is the key to being able to make sound investment decisions. It ranges from financial literacy to a deeper understanding of investment solutions, financial statements, taxes and financial markets. Richter Family Office spends a tremendous amount of time educating its clients and their children in these areas. Successful multi-generational wealth transfer is not simply about the tax efficient transition of wealth, but also the transition of knowledge and family values.

Meet our experts

The people behind the expertise.

Danny Ritter

CPA, CA, CFA
Danny Ritter believes that the financial wellbeing of a family is less about which securities are owned but rather that the overall portfolio approach taken is thoughtful and relevant.

Mindy Mayman

B.A., Econ., Fin. PI., FMA, CIM
Mindy assists her clients through the challenges inherent to wealthy families and helps them secure peace of mind for today, and comfort and clarity for the future.

Greg Moore

CFA
Accomplished, driven, yet known for his kindness, Greg has big ideas that match the scope of his ambition. A great people connector he loves to build durable, effective business relationships. His enthusiastic nature means that he is ready to jump whole-heartedly into every project he takes on.

Alain Pérusse

D.E.S.S. Fisc.
For all questions regarding tax issues, acquisition structuring and sales transactions, or to find advice and solutions for process improvement, Alain is a seasoned expert and the perfect choice.

Carey Singer

CPA (Illinois)
With over 20 years’ experience, Carey Singer is one of our most in-demand tax consultants.

David Hogan

CPA, CMA, MA (Economics)
David Hogan is focused on pushing his practice to new heights and goes all out to empower his team members to build on their skills.

Diane Tsonos

LL.B., TEP
With her knowledge, dedication, extraordinary professionalism and people skills, Diane is an integral part of Richter.

Earl Forman

CPA, CA
If you are looking for a methodical mind, Earl Forman is your man. He is famous for having all of his files lined up in perfect columns. . He has, undoubtedly, the neatest desk in our entire office. 

Jean-François Coutu

CPA, CA, LL.M.Fisc.
In Jean-François, you’ll find an attentive expert who’s able to explain complex questions clearly and cogently so that you can make informed decisions.

Jerry Wise

CPA, CA, TEP
Jerry Wise has the expertise privately-held entities repeatedly turn to as they grow their businesses in Canada and abroad.

Lorne Richter

CPA, CA
Lorne enjoys a close relationship with his clients and is never satisfied with the conventional wisdom approach to tax matters. He develops innovative, custom-made solutions.

Michel Babeu

CPA, CA, M.Fisc.
With nearly 30 years of experience assisting local entrepreneurs, Michel has a wealth of knowledge in management and taxation.

Mitchell Stein

CPA, CA
Known by his clients and colleagues to be meticulous, hardworking, reliable and a deliverer of high-quality results, Mitch prides himself on his ability to identify tailor-made solutions to meet the needs of his entrepreneurial clients.

Phil Nadler

CPA, CA
Phil has taught tax-related courses at McGill University, and has lectured at the Ordre des comptables professionnels agréés du Québec.

Scott Binns

CPA, CA
‘Unique’ is a term often used in relation to Scott. Easy going, personable, and knowledgeable, he is a captivating public speaker and a driven professional.

Tasso Lagios

CPA, CA
Tasso has been guiding high net worth entrepreneurs, business owners and their families to help them set out their goals to ensure long-term business and wealth succession.

Vincent De Angelis

CPA, CA
Vincent helps his clients through it all, and in the process, makes them feel right at home.

Lyne Gaulin

CPA, CA, CPA (Illinois), LL. B.
Lyne works closely with clients to provide tax advice that meet their particular objectives.

Sudharshan Sathiyamoorthy

Ph.D., MBA
Approachable and insightful, Sudharshan Sathiyamoorthy brings an incredible academic pedigree and a wealth of practical due diligence experience to Richter Family Office.

Bertrand Milot

CISM, CRISC, CRMP, CRMP-F, PCSM, C|CISO, ISO 27001 LA, C|BP
Innovative, passionate, hardworking and enthusiastic, Bertrand Milot is known for his integrity, innovation, rigour and creativity. He is also famous for his witty turn of phrase. He’s incredibly good at his job and he’s a fun guy to be around; what’s not to love?

Justine Delisle

CPA, CA, Pl. Fin.
Justine Delisle has a work style based on excellence, empathy and experience. She enjoys teaming up with people with different fields of expertise for collaborations that provide unique, lasting results. She describes herself as having a holistic perspective on situations and challenges, one that helps her provide personalized solutions for her clients.