• Family offices provide a wide range of wealth management services to one or a small number of ultra-high income families.
  • In addition to financial services, family offices can provide various types of planning, charity advice, concierge services and other comprehensive services.
  • An important responsibility of the family office is to teach the next generations how to handle and manage their wealth.
  • Single-family offices serve one person 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 degree of wealth of the family and the complexity of its life associated with this wealth.