Document Overview
This Strad Family Offices - Best Practices document provides a comprehensive guide on integrating Strad Family Offices into your financial advisory practice. It outlines a flexible approach to enhancing client relationships by offering family office services, allowing advisors to better understand their clients' circumstances and provide more tailored advice. Key features include gradual implementation of client data, online access options, and the ability to build long-term relationships with clients and their network of professionals. The document emphasizes that Strad Family Offices can complement existing business models without requiring major operational changes.
Additionally, this guide highlights best practices for leveraging the Strad Family Office platform, from onboarding clients and networking with their other advisors to managing external accounts and expanding services to family members. It also provides marketing and technical resources to assist advisors in positioning themselves as trusted confidants for their clients. This tool not only strengthens client relationships but also helps attract higher-net-worth individuals, ensuring loyal, long-term partnerships.