What is a family office?
A family office is a professional firm that manages a family's wealth comprehensively, one family's or several, not only the investment portfolio but the entire financial system: investments, taxation, legal structures, intergenerational planning, and risk oversight. The aim is a single integrated picture of all assets, and decisions made from an orderly structure rather than ad hoc.
How does a family office differ from portfolio management at a bank or investment house?
Portfolio management focuses on the investment portfolio alone. A family office views all of a family's wealth as one system, separate accounts, real estate, companies, foreign assets, and coordinates investments, taxation, legal planning, and intergenerational transfer. The essential difference is breadth: not only how the portfolio is managed, but how all the wealth works together.
Who qualifies as a qualified investor?
A qualified investor (Qualified Client) is a status defined in Israel's Securities Law. It is met by holding liquid assets of approximately NIS 9.4 million, or a high annual income (approximately NIS 1.4 million for an individual), or a combination of assets and income, with the thresholds adjusted periodically for inflation. This status opens access to investment instruments not available to the general public, such as certain alternative investments.
When does a family need a family office?
Usually when wealth has reached a level of complexity where ad-hoc management is no longer adequate: after a liquidity event or exit, when assets are spread across different accounts, structures, and jurisdictions, or when intergenerational transfer comes into view. The clearest sign is the sense that you have lost the complete picture, that there are many parts, but no single party holding them all together.
What makes an independent family office different?
An independent family office does not manufacture financial products, run proprietary funds, or operate under distribution incentives. The implication: there is no conflict of interest between the advice and what is being sold to you; every recommendation is measured against the family's interest alone. This differs from a firm that both advises and sells its own products.
What services does LUX Wealth Management provide?
LUX Wealth Management provides global investment management, selective access to alternative investments (private equity, venture capital, real estate, and hedge funds), intergenerational and legacy planning, tax and legal coordination in Israel and abroad, and risk oversight with asset consolidation into a single picture. The engagement is holistic, with every element coordinated with the others.
Who is behind LUX Wealth Management?
LUX Wealth Management was founded in 2019 by Dvora Cohen, Founder and Chief Investment Officer. Dvora holds an MBA in Finance from the Hebrew University of Jerusalem and a dual license, as a Portfolio Manager (Israel Securities Authority) and a Pension Marketer (Capital Market, Insurance and Savings Authority). Before LUX Wealth Management she held senior roles at Barak Wealth Management, Altshuler Shaham, and Excalibur Capital.
How do you begin working with LUX Wealth Management?
Engagement is by introduction only, for families and individuals who hold qualified investor status. Every partnership begins with a discreet introductory conversation, in which the picture, the objectives, and the needs are understood, and without obligation. You may reach us at dvora@lux-wm.com or +972-54-7989014.