WE Family Offices only provides non-discretionary investment advisory services to ultra-high-net-worth individuals and families. This firm is a fee-only advisor, and it currently manages billions in client assets. WE Family Offices earns its compensation from asset-based fees, fixed fees and performance-based fees.
This financial advisor’s team features advisors with the chartered financial analyst (CFA), certified financial planner (CFP) and chartered alternative investment analyst (CAIA) designations.
WE Family Offices also holds a spot on our Miami, Florida and Florida top financial advisors lists.
WE Family Offices Background
WE Family Offices began its operations in 2000. The firm functions as an independent registered investment advisor (RIA) and family office, and it’s a subsidiary of WE Family Offices Holdings, LLC. According to the firm's website, "WE" stands for "Wealth Enterprise."
WE Family Offices is principally owned by Santiago Ulloa, Maria Elena Lagomasino and Michael Zeuner.
WE Family Offices Client Types and Minimum Account Sizes
This firm’s client base consists of high-net-worth individuals, ultra-high-net-worth individuals and families. The firm doesn’t have a minimum account size requirement, but it does charge an annual fee of at least $200,000.
Services Offered by WE Family Offices
WE Family Offices provides the following advisory services:
- Investment management
- Asset allocation planning
- Portfolio customization
- Financial planning
- Estate planning
- Tax planning
- Generational transfer
- Investment planning
- Cash flow analysis
WE Family Offices Investment Philosophy
WE Family Offices typically provides asset allocation advice by focusing on the following factors: client’s investment objectives, risk tolerances, asset class preferences, time horizons, liquidity needs, expected returns and market and economic evaluations of other financial professionals. After determining the allocation, the firm may recommend a mix of active and passive, value and growth, large mid-cap and large small-cap investment strategies.
The firm typically invests in mutual funds, exchange-traded funds (ETFs) and limited partnerships.
WE Family Offices Fees
This firm strongly prefers flat fees, but it also offers asset-based fee arrangements for clients who signed agreements with one of its predecessor firms. The firm offers the following flat fee guidelines:
- $200,000 minimum fee
- $250,000 to $500,000 for clients with a net worth of $50 million to $250 million
- $500,000 to $700,000 for clients with a net worth of $250 million to $500 million
- $700,000 to $1,000,000 for clients with a net worth of $500 million to $1 billion
- $1,000,000 and more for clients with a net worth of $1 billion or greater
Asset-based fees typically range from 0.45% to 1.50%. The firm also offers wealth diagnostic services. Flat fees for those services range from $50,000 to $100,000.
WE Family Offices Awards and Recognition
The firm was named Best Multi-Family Office by Family Wealth Report as part of both the 2022 and 2023 Family Wealth Report Awards. Financial Advisor Magazine recognized this firm as one of its top Registered Investment Advisors in 2014, 2017, 2018, 2019 and 2020. For three years (2018, 2019, 2021), WE Family Offices earned a spot on Barron’s Top RIA firms ranking.
What to Watch Out For
WE Family Offices doesn’t have any disclosures on its Form ADV, and it operates through a fee-only fee structure.
The only downside is that the firm’s management fees are particularly expensive. If you aren’t a high-net-worth or ultra-high-net-worth individual, this firm is simply not an option.
Opening an Account With WE Family Offices
Prospective clients can get in touch with WE Family Offices by filling out the firm’s contact form on its website. You can also visit the firm’s New York or Miami office, or you can contact an advisor at (305) 825-2225.
All information is accurate as of the writing of this article.
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