Wealth structuring
We help organise how wealth is held and passed on, working with your legal and tax advisers. We bring the overall view — economic, financial and of governance — and make sure everyone answers the same question.
The questions
The questions that arise.
- 1.1
Should we group our shareholdings together, and what would that change for management, financing and succession?
- 1.2
Who takes over what, when, and on what terms?
- 1.3
How does the family decide together: roles, information, joining and leaving?
- 1.4
Before or after the sale of a company, how should the holding structure change?
- 1.5
How can we provide for settling disagreements before they weigh on the company?
The moment
When clients call on us.
- When wealth has built up over the years without an overall organisation.
- As a succession approaches, or after an event that makes it a present concern.
- Before or after the sale of a company.
- When several members of the family become shareholders or co-owners.
The scope
What the work covers.
- Holding structures: why group shareholdings together, and what it changes for management, financing and succession.
- Succession: preparing the handover to the next generation, in the company as in the family’s wealth — who takes over what, when, and on what terms.
- Family governance: the rules a family sets itself in order to decide together — roles, information, joining and leaving, settling disagreements.
The engagement
One engagement, four stages.
Before we start, an engagement letter sets out in writing the question asked, the scope, the timetable, the fees and confidentiality.
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Frame the question
What has to be decided, and why now.
With the family, we establish what it is seeking to organise — holding, passing on, deciding together — and over what horizon.
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Establish the facts
Figures, contracts, constraints: what is settled and what is not.
From your documents and with your advisers, we map what is held, by whom and how, distinguishing what is established from what remains to be checked.
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Compare the options
What each one commits, what it closes off, what it leaves open.
The possible structures are compared in a written analysis: what each one changes for management, financing and succession, and our reasoned opinion. Legal and tax questions are settled by your lawyers, notaries and tax advisers.
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Decide, then follow through
The decision is yours; we follow its implementation with you.
The family decides. If it wishes, we stay alongside it while the decision is put into effect, with its advisers, who draft and complete the legal documents.
What you receive
What you receive.
- A written analysis that starts from the current holding structure — who holds what, and how — and compares the possible structures, with our reasoned opinion.
- An overall economic, financial and governance view, to which your advisers’ legal and tax opinions can respond.
- If you wish, support while it is put into effect, alongside your advisers.
The exact scope is set out in writing in the engagement letter, before any work begins.
Your other advisers
With your other advisers.
Legal and tax questions are dealt with by your lawyers, notaries and tax advisers; we do not take their place. We bring the overall view — economic, financial and of governance — and make sure everyone’s advice answers the same question.
The limits
What we do not do.
We work on the structure, not on investments: we do not manage portfolios and do not recommend any financial instrument.
Status of the firm
Blackpine Capital Advisory advises its clients on their strategy, on the structure of their business interests and their wealth, and on their financial decisions. The firm does not manage portfolios, does not receive its clients’ funds, and provides neither regulated investment advice nor recommendations on financial instruments.
Guides
To go further.
General reference points on the questions in this area, dated and sourced.
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Holding companies and passing on family wealth in Morocco: key points
What a holding company is for, the taxation of dividends in 2026, inheritance and bequests under the Family Code, and the duties payable on a gift.
Other areas
The other areas.
Contact
A first conversation.
Tell us in a few lines what is on your mind. We will come back to you to arrange a conversation; if we are not the right people to help, we will say so.