FAMILY OFFICE

What is a family office? A family office is a private company that manages investments and trusts for a single wealthy family... A family office is a private company that manages investments and trusts for one or more wealthy families. The company's financial capital is the family wealth, which has often grown over many generations. Most family offices provide personal services, for example managing household employees and making travel reservations. Other services typically handled by a family office include property management, accounting and payroll duties, and legal dealings... The purpose of the family office is the efficient transfer of great wealth from one generation to the next. The family office invests the family's fortune, manages assets, and distributes payments to family members as needed.