AS WEALTH GROWS, SO DOES THE COMPLEXITY OF MANAGING AND PRESERVING IT.
The term “family office” may conjure up an image of family members operating a business together.
To the ultra-high net worth (UHNW) family, the term family office has a much broader definition. A family office is an organization that assumes the day-to-day administration and management of a family or ultra-high net worth individual’s affairs. A family office provides a range of investing, planning, and concierge services bespoke to ultra-high net worth individuals.
Read our guide “5 Questions to Ask Yourself When Considering a Family Office” filled with suggestions to help you to answer, “Do I need a family office?”
Most often, UHNW individuals choose to join a family office to invest assets generated by a significant liquidity event, such as the sale of a family business or inheritance.
Learn more about different investor examples below.
If your time is consumed by the duties required to manage your personal wealth, leaving less time for your life experiences—like travel, spending time with your family, sports, philanthropy, or your next business venture—
a qualified family office can be transformative.
Your family office should be driven by primary goals:
Align your family’s interests
Build a sophisticated and robust investment plan to preserve and grow your assets
Enhance communication and cooperation among your loved ones
Simplify your daily to-do list