The Family Office Official Speaks to ‘Argaam’ About the Importance of Financial Planning to Preserve and Grow Family Wealth

Ali Almuarik, Deputy CEO Head of Wealth and Asset Management at The Family Office, underlined the importance of financial planning and investment portfolio diversification to maintain lifestyle, address future financial needs, and preserve and grow wealth for future generations. He said it’s possible by preparing in advance for financial goals with a structured plan toward achieving them, in a logical process that consists of correlated steps that lead to your final financial plan. 

Financial planning is not just about saving or investing, and should always be long term. It is the optimal and correct way to maintain a desired lifestyle, taking into consideration the daily requirements for you and your family, and securing a long-term sustainable income for you and the next generations. 

Almuarik also illustrated that every individual and family need financial planning and that financial needs may vary among family members. It is therefore important to involve all family members and hear their opinions and suggestions to plan for their financial needs on the short and long terms. Sound financial planning will help in achieving individual and family goals such as buying property, securing a fixed monthly income after retirement, and investing in exclusive or strategic opportunities that are aligned with needs and goals. 

Amid rising inflation and declining interest rates, savings lose value every day and high-interest saving accounts are a thing of the past. “We noticed that a very large percentage of wealthy families in Saudi Arabia and Gulf countries lose part of their wealth with the second generation, while some lose even more, up to 90% by the third generation. With the right investment manager, you can avoid that fate and guarantee a prosperous life for grandchildren with income sources that continue to grow for generations,” he continued. 

Here lies the importance of financial planning and seeking advice from expert specialists for their positive long-term impact. Your dedicated financial advisor at The Family Office will take care of reviewing daily cash flows for you and your family to build a financial and investment strategy that preserves and grows your wealth, to maintain the lifestyle and income sources for you and the next generations. Your financial advisor will manage risks and investment opportunities that are in line with your goals, and investing is key to growing wealth and preserving it for the long term, he added. 

Almuarik revealed that The Family Office has wealth managers who specialize in designing financial and investment plans and implementing them, after understanding the needs and goals and studying them in line with the risk tolerance and timeframe. The company is also interested in preserving wealth for the long term, and specializes in building portfolios of diversified investments based on an efficient investment plan that is diversified across public and private global markets, with higher returns and lower risks, using the best assets in different sectors like technology, real estate, healthcare, and others. 

He assured that the company does not speculate or trade in public markets, but seeks to achieve gains by other means away from traditional investments. The company is also differentiated by its exceptional ability to secure private equity and private debt opportunities, backed by its 17-year experience and its global presence through the company offices in the US, Switzerland, and China. 

“Thanks to our local experts worldwide and our relationships with the world’s top asset managers such as Goldman Sachs, BlackRock and others, we can offer special investment opportunities that are not available to others and find assets that are not available in public markets,” he concluded. 

Disclaimer:

The Family Office International Investment Co. | P.O. Box 9072, Riyadh 13512 | CR 1010608698 | Tel: +966 11 250 7720.

A joint stock closed company owned by one person | Paid-up capital SR2 million | Licensed by the Capital Market Authority (no. 17-182-30) The Family Office International Investment Co. only offers products and services to ‘accredited investors’ as defined by the Capital Market Authority.