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The Family Office Business Model: Is it Right for You as an Accredited Investor?


Significant wealth creates a complicated financial situation for most families. Issues ranging from estate plans to philanthropic goals add complexity to financial planning and require more specialized expertise. This is why accredited investors are increasingly turning to family offices to get a better grasp on financial and familial issues. So what is a family office? Generally, a family office is an organizational structure that is responsible for managing the financial affairs of an affluent household. From here, the types of family office can vary greatly, ranging from lean enterprises to robust organizations that employ in-house staff. In short, family offices serve two primary purposes: to help manage wealth and provide familial support (family harmony is created through better communication lines with relatives). In general, a family office makes the most sense for a household with at least $100 million in assets. So how do you know if the family office ... Read More »

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