A family office is a private wealth management advisory firm that serves ultra-high-net-worth individuals (HNW).
Family offices differ from traditional wealth management shops in that they offer a total solution to managing the financial and investment needs of an affluent individual or family.
- Family offices provide a broad spectrum of private wealth management services to one or a small number of ultra-high-net-worth families.
- Family offices can provide various kinds of planning, charitable giving advice, concierge services, and other comprehensive services.
- An important responsibility a family office has is to educate next generations in the handling and management of their wealth.
- Single-family offices serve one individual and their family, while multi-family offices serve more than one family, and are less expensive due to economies of scale.
- The need for a family office can be determined by the extent of a family's wealth and the complexity of its life due to that wealth.
AdvizorPro offers an extensive database of single and multi family offices along with their key contacts. Our platform allows you to search for family offices by AUM, location, wealth origin, asset class interests, decision makers, and more.
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