A family office is a private wealth management advisory firm that serves ultra-high-net-worth individuals (UHNWIs). These offices provide a range of services, including investment management, estate planning, and tax optimization. The structure of a family office can vary significantly based on the family's needs and goals.
There are two main types of family offices: single-family offices (SFOs) and multi-family offices (MFOs). SFOs serve one family, while MFOs serve multiple families, allowing for shared resources and expertise.
Family offices are essential for managing wealth across generations.
