In an industry that’s largely stayed the same for decades, the team at 49 is redefining wealth management for clients who sit between traditional financial services and exclusive family offices. For these high-net-worth clients, who have outgrown traditional services but are not quite ready for a full family office, our Fractional Family Office (FFO) provides a unique, concierge-style approach that’s both flexible and comprehensive.
Filling the Financial Services Gap for High-Net-Worth Individuals
The financial landscape has long catered to two ends of the spectrum: traditional financial advisory services for typical clients and ultra-high-net-worth family offices for the top tier. But what about the clients who fall in between? This is where our Fractional Family Office, guided by expert Parrish Peddrick, JD & CFP®, steps in. Developed over the past two years, our FFO services give these clients a truly customized, high-touch financial management experience that includes all aspects of their wealth planning and management needs.
What Sets the Fractional Family Office Apart?
Where many financial firms emphasize investment strategies and broad planning, our Fractional Family Office goes much deeper. Our team specializes in comprehensive financial care, including estate and tax strategies, philanthropic advising, family governance, and more. We provide dedicated support for affluent families, structuring our services to meet each client’s unique needs and goals.
Our hub-and-spoke model allows clients to seamlessly integrate existing relationships with accountants, attorneys, investment managers, and other specialists. Our role is to strengthen these connections, ensuring a unified approach where communication between team members is clear and purposeful, leading to increased tax efficiencies, optimized fees, and, importantly, more free time for our clients.
Simplified Service with a Strong Impact
At 49 Financial, we believe that even complex needs shouldn’t require overly complex solutions. With a straightforward, streamlined approach, we focus on simplifying and organizing our clients’ financial lives. Already, our Fractional Family Office has experienced remarkable growth, serving clients with an average net worth of $110 million. CEO Travis Penfield puts it best: “We are committed to not only offering high-net-worth clients what they need today but anticipating and providing for their needs tomorrow. The Fractional Family Office is a reflection of our dedication to innovation, where personalized financial stewardship meets the forward-thinking mentality that defines our approach to wealth management.”
A Vision for the Future
As we continue to scale, 49 Financial remains focused on driving innovation in the financial services sector. Our partnerships with leading experts across various fields help us provide tailored services that evolve alongside our clients’ growing needs. In a space long overdue for transformation, our Fractional Family Office is creating profound change, offering high-net-worth clients an opportunity to experience wealth management that’s as personal as it is professional.
For those looking for a financial management solution that moves beyond conventional offerings, learn more about our Fractional Family Office and explore how 49 Financial is paving a new path for high-net-worth clients. https://www.bizjournals.com/austin/press-release/detail/10524/49-Financial
