For the exceptionally wealthy, the single-family office is – for the most part – the preferred way for them to coordinate their financial and personal affairs. In general, the expertise provided by a single-family office is wealth management (investment management and wealth planning) and support services (administrative and lifestyle services, and special projects).
When A Single-Family Office Is Not A Good Fit
Posted on July 13, 2020
With the tremendous increase in private wealth, family offices are multiplying. A substantial number of the super-rich (net worth = $500 million or more) and those somewhat less affluent are setting up single-family offices. “It’s mainly about extreme customization, control, and the ability …