Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

WE Family Offices Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

WE Family Offices in Miami exclusively 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 spots on our lists of the top financial advisors in Miami and Florida.

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 like hedge funds and private equity.

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 million for clients with a net worth of $500 million to $1 billion
  • $1 million 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.

Tips for Finding a Financial Advisor

  • You need to closely examine your financial preferences when searching for a financial advisor. Financial advisor firms offer different advisory services, fee schedules, minimum account size requirements and more. Consider our list of questions to ask a financial advisor.
  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research