How family offices grew
Family offices offer a complete set of wealth and family services for
the richest families in the world.
By following what clients expect, family offices help these families with
asset growth and wealth passing across generations.
Family offices began with royal houses, then aristocrats and
wealthy individuals also participated.
After more than fifteen centuries, family offices now offer
services and solutions at a larger scale.
Early family offices were mostly private companies run by the family, and
operators could tailor exclusive, personal service.
Given the high running cost, those single-family offices
began serving other families meanwhile.
Modern family offices are mostly run by the wealthiest families themselves
or by providers from the financial sector.
Why families open an office
Demand for family offices has grown as the number of
ultra-wealthy families and their wealth rise quickly.
Family offices matter in managing wealth, easing talk among members, and passing wealth on.
At the core is investment of family wealth. A complete
family office gives clients tailored help, including but not limited to
financial planning, family strategy, family governance and specialist advice.
Besides that, family offices treat long-term growth of family assets and
passing wealth across generations as the end goal.
When a high net worth family reaches a certain size, passing wealth across generations is
no longer simple.
Family offices can help members avoid disagreement and cut disputes
in both material and spiritual succession.



