Renaissance thinking amongst vanguard families who plan for both their legacy and their wealth is inspirational for the professionals who engage with them. But this new approach also comes with challenges.
In this two minute video, the third and final in a trilogy, Mustafa Hussain considers a number of challenges including how we balance the potential collision course between the need to preserve capital and the sacrifice of income in favour of social returns.
It is unusual but refreshing to see governance documents that use words such as “love, respect, humility and fun” as measures of progress and success.
In this two minute video, the second in a trilogy, Mustafa Hussain explains how the traditional view of family legacy is evolving, with vanguard families providing a blueprint for new living legacies that demonstrate a shift away from status, towards growth, change and values with emotions.
Families are remarkably diverse in terms of history, vision, culture, size, interests, mission and values. The landscape for wealth-owning families is also rapidly evolving and becoming more complex and volatile. Mega-trends like climate change, globalisation, and increased wealth inequality have brought adverse economic, social and geopolitical consequences. This challenging context is front of mind of many wealthy family members who are looking to sustain and grow family wealth in a responsible manner across generations.
Different by Design
Accuro’s purpose is to care for families and their wealth responsibly across generations. Our Private Office offering has been designed to assist families in achieving their financial and non-financial objectives based on their collective vision for the future. Whether you wish to outsource your Private Office requirements (saving time and costs) or to build on the existing capabilities of your family office, our team of 150 specialists is available to help you do so. Acting as a seamless extension of your family and advisory team, Accuro Private Office works collaboratively with your vision in mind.
A trusted extension of your team
Our knowledge and expertise enables us to assist families in navigating through the complex issues of today, including geopolitical risks, legal, tax and regulatory risks, technology-driven change, financial and succession planning.
By engaging our Private Office, individuals and their families can outsource the administration of their personal assets in the knowledge they are being cared for, in line with their family’s values, freeing up their time and providing peace of mind.
Built on the unique needs of each family
We administer a wide range of assets and offer simple or more bespoke solutions depending on your unique requirements, providing you with a single dedicated point of contact who will ensure and oversee seamless delivery.
We are well versed in collaborating with clients’ existing advisors to provide coordination where needed to ensure roles do not overlap unnecessarily.
Our services include:
Asset and wealth owning structures’ review
Wealth structures for long-term wealth preservation and needs of global families
Wealth administration, reporting and consolidation across financial and non-financial assets
Family governance
Compliance
Next generation education
Cross-border planning, reporting and information exchange
Estate planning
Document safe storage
Charitable giving and structuring
Why Accuro?
Experience built on nearly 50 years’ experience of servicing high net worth international families.
Being owner and staff managed allows independent thinking and objectivity which enables us to take a long-term approach to wealth planning strategy and support clients according to their needs on a bespoke basis.
Access to Accuro’s carefully selected network of wealth advisors based on established and trusted relationships.
We address fundamental questions and achieve clarity for family priorities, defining and executing a clear strategy to preserve wealth across generations. We ensure personal vision and financial objectives are met.
We understand the sensitivities and cultural differences of each family. We are thoughtful in our approach and transparent, when quite often there may be diverse interests which can lead to overwhelming complexity and differences.
We are trusted by our clients to be progressive in our thinking and have extensive experience of working alongside families to balance their desire to preserve wealth alongside the sustainable ambitions of the younger generation.
Accuro is continuing to grow and define itself as an innovator in the private trust sector by expanding its London offering to regulated trust and fiduciary services and bringing on board a Chief People Officer for the Group.
Mustafa Hussain has been appointed as Managing Director of the Accuro London office, having joined Accuro in January 2019 from Taylor Wessing LLP, where he was a partner specialising in private wealth. Mustafa will also continue to bring his strategic insights and legal expertise to corporate governance, and will continue to co-chair the Accuro Group Board.
The appointment of Rebecca Hone, as a Chief People Office, underlines the growth agenda and the importance of people. Rebecca Hone has joined Accuro, in London, from Bupa where she delivered HR and people strategy within the insurance business, and led on a number of change and transformation projects. She brings extensive HR and management consultancy experience in financial services. Rebecca will also be joining the holding board to bring an additional perspective to strategic prioritisation, execution and decision-making for the group.
CEO and Co-Founder, Xavier Isaac commented, “Our people are our greatest asset, so the time is right to invest in a Chief People Officer to further integrate our people strategy with the business strategy. Rebecca brings a strong track record of strategy development and execution. Investing in Accuro’s London offering is a natural evolution of our organic growth strategy, and enables us to better serve our clients in this key location. I am delighted to confirm that this will be delivered under Mustafa’s leadership. This is a very exciting time for Accuro.”
Accuro is proud to announce its fourth win of the prestigious Trust Company of the Year (midsize firm) category at the STEP Private Client Awards 2021/22. Accuro has been shortlisted for the award every year since its inception in 2017, taking home the prize four out of the last five years.
Hosted by STEP, the global professional association that promotes excellence for private client professionals, this year’s virtual award ceremony took place on the 23rd September 2021.
STEP subjects all nominees to a rigorous judging process that considers their performance, values and contributions. Its awards are highly-coveted and are the top private client industry accolade.
Accuro stands out in this industry as an independent, fully management-and-staff-owned business, leading the way as a positive force for families, society and the environment, committed to developing long-term relationships and long-term change.
Since its management buy-out in 2017, Accuro has demonstrated its willingness to challenge the status quo and set a new standard in the industry. Attracting clients from across the globe and leading professionals to join its ranks, the business has grown organically into one which now operates from offices in Jersey, Geneva, Mauritius, and London. In 2021 Accuro has welcomed more new employees than ever before.
With a strong tradition of thought-leadership in the industry, a diverse client base, and a company structure that values and recognises the contributions of all staff members as integral to its overall success, Accuro truly lives up to its name: a trust company that cares.
The judges were impressed by Accuro’s focus on ‘values and client service’. In particular, they praised the support it provides its employees, its ownership model, its healthy annual growth figures and its commitment to its values. This includes legally binding changes to its articles of association committing to having a positive impact on society and the environment.
Accuro’s CEO, Xavier Isaac, commented: « The words of the Presiding judges are particularly pleasing because they recognise the relentless efforts of our staff in their pursuit of excellence in client services, while praising at the same time Accuro for applying more sustainable and forward-thinking business practices.”
We are delighted to announce that Accuro Fiduciary has joined the United Nations Global Compact and the UN Global Compact Network UK – a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
With this announcement, Accuro is aligning its operations and strategies with universal principles on human rights, labour, environment and anti-corruption, and taking actions that advance societal goals embodied in the Sustainable Development Goals (SDGs).
Steve Kenzie, Executive Director, UN Global Compact Network UK said “We support business taking actions to advance the Sustainable Development Goals. We are delighted and encouraged by Accuro’s endorsement of our initiative.”
Xavier Isaac, CEO of Accuro commented: “As a company fully owned by its management and staff, we like to use our independence and freedom of action to promote the responsible stewardship of our business based on UN SDGs and sound universally accepted principles. We believe it is also in the best interest of our clients for us to do so.”
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 12,000 companies and 3,500 non-business signatories based in over 160 countries, and 69 Local Networks.
We encourage you to visit the UN Global Compact Network UK website to learn more about their work-streams.
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