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.
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.
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.
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.
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.
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.
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 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 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.
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 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.
You’ve got a goal.
We can help.
Am I paying the right amount of tax? It seems like a lot.
How can I get a clearer picture of my investment portfolio?
If I pass away unexpectedly, what happens to my money and family?
What can I do to optimize my investments?
How can I ensure my philanthropy will have maximum impact?
Meet our expertsThe people behind the expertise.
Danny RitterCPA, CA, CFA
Mindy MaymanB.A., Econ., Fin. PI., FMA, CIM
Alain PérusseD.E.S.S. Fisc.
Carey SingerCPA (Illinois)
David HoganCPA, CMA, MA (Economics)
Diane TsonosLL.B., TEP
Earl FormanCPA, CA
Jean-François CoutuCPA, CA, LL.M.Fisc.
Jerry WiseCPA, CA, TEP
Lorne RichterCPA, CA
Michel BabeuCPA, CA, M.Fisc.
Mitchell SteinCPA, CA
Phil NadlerCPA, CA
Scott BinnsCPA, CA
Tasso LagiosCPA, CA
Vincent De AngelisCPA, CA
Lyne GaulinCPA, CA, CPA (Illinois), LL. B.
Sudharshan SathiyamoorthyPh.D., MBA
Bertrand MilotCISM, CRISC, CRMP, CRMP-F, PCSM, C|CISO, ISO 27001 LA, C|BP
Justine DelisleCPA, CA, Pl. Fin.
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