What Exactly Is A Family Office?
Even today the term "family office" is still one that can be used in many different contexts and carries a variety of different meanings.
The family office was initially created to look after the wealth of ultra high net worth families.
But the modern-day family office does far more than that.
There are two main variants of family offices that have emerged: The single family office and multi-family office.
The former is the traditional family office that serves as an advisory and wealth-management firm supporting one ultra high net worth family.
The latter serves multiple families, and this format is becoming increasingly popular.
How to Start a Family Office
If you are interested in having a family office setup to more holistically manage your wealth we can help you create a solution that caters to your priorities and goals.
Investing Like the Wealth
The Family Office Model
Most people use common financial thinking. This has them feeling out of control, losing money, hanging on for the ride, and hoping everything works out. Instead, the ultra-wealthy have a completely different set of rules.
Before we dive into how the ultra-wealthy invest, it’s crucial to understand the family office environment to gain some context.
Family offices are exclusive wealth management firms that usually only accept clients with at least $10 – $20 Million of investible securities.
They often assist with tax optimization, estate planning, charitable giving, foundations, business transfer, wealth transfer between generations, insurance, and wealth management services. The average family office client has $30 – $50 Million in assets.
Comments