Fladgate ventures into non-legal family office business service
The new venture Walgate to offer non-legal professional services to wealthy individuals and families
The British firm Fladgate, rated as a Top 100 UK firm, has launched a non-legal family office service through its new brand Walgate to offer its services to wealthy individuals and families.
The Walgate family office service will be led by Sarah Haile, head of family office services at Fladgate, and partner Jonathan Riley, Fladgate's head of private wealth. Both are based in London.
Walgate Family Office is meant to provide a wide range of administration support for high-net worth families. The services being offered by Walgate include financial admin and reporting, human resources, risk management, asset and property management, relocation services and philanthropy.
Fladgate already supports more than 100 high net worth individuals and families in the UK and abroad through its private wealth practice on a wide range of matters.
"Walgate Family Office will deliver all of the benefits of a family office structure without the substantial commitments that accompany one. The way in which wealthy families are looking after their money and personal needs is evolving, with a greater focus on flexibility and value for money. What we have developed represents a highly differentiated service that anticipates our clients' needs and gives them a commercial advantage," Sarah Haile said.
Fladgate's Family Office team has experience advising influential global families, entrepreneurs, media celebrities and sports stars.
According to Jonathan Riley, this launch means the firm has become one of only a handful of firms that has a wholly-owned family office service. "At Fladgate, we recognise the importance of flexibility, privacy, security and efficiency for our wealthy clients. In Walgate Family Office, we have created a cost-effective, agile and time-saving resource that gives our clients more time to focus on what is truly important to them," Riley said.
Grant Gordon, the executive partner at Fladgate, said: "The Walgate brand allows us to tailor our offering to meet our clients' needs in a way that best suits them, delivering non-legal professional services and management solutions that can work hand in glove with our legal offering at Fladgate."
Plans are already afoot in the firm for adding more non-legal services through Walgate with the idea of complementing the legal advice and all other services it currently provides under one roof.