A family office enables families like yours with complex financial needs to delegate much of the work of managing complex legal and financial plans, so you can focus on making higher value-added decisions.
Family offices began in the nineteenth century when very wealthy families hired trusted professional advisors to oversee the financial, legal, and life style affairs of their individual family. This satisfied the needs and demands of the founding family without much regard to cost or overhead expansion.
When the single family office model often broke down because of friction over expenses, it was succeeded in many cases by the multi-family office, servicing a small number of families who gained a stronger team of professionals and more sophisticated systems than they could support on their own. The only drawback? As families multiplied, complexities increased and families were inconvenienced when MFOs found themselves with insufficient capacity in at least one of its services.