Yacht management company
A firm engaged by the owner to handle compliance, accounting, crew administration, and operational support. Distinct from a broker. Should be selected independently.
A yacht management company handles the day-to-day operational, regulatory, financial, and crew matters that the owner does not engage with directly. Selection should be made independently of the broker who introduced the yacht, since the management contract is recurring revenue and brokerages have established management arms or referral relationships that may not align with the owner's interest.