When you own properties, run your own business(es) and/or have self-made wealth, you haven’t become successful through not being savvy with money and having an eye for a good deal.

On a daily basis we speak with professionals who work with clients who are seeking an extra helping hand when it comes to organising their finances. Often it is where an individual’s spouse has taken care of the finances and life admin and then the spouse becomes unable to continue to undertake this role, whether it be because of dementia, death, divorce or just an inability due to old age.

Family offices are traditionally investment-led, private wealth management advisory firms that assist ultra-high-net-worth individuals and families. They differ from pure wealth management firms in that they offer a holistic service to manage “the business” of the individual or family.

This week we have had the joy in celebrating our first birthday. This is a very exciting time for us at Otium Partners as we have achieved a lot and have a lot more to achieve. We have worked extremely hard over the past 12 months building a business that has the mission to save our clients time, the one thing you cannot create more of.

Families are being urged to consider the financial impact of their loved ones being diagnosed with dementia.

According to the charity Alzheimer’s Society, about 850,000 people in Britain have the condition, with a new diagnosis made every three minutes. This can obviously have a massive effect on a person’s finances and their ability to deal with these effectively.

It is hugely important for businesses, regardless of their size, to review the time spent by their employees on low-value client tasks which can consume so much time.