Family office
posted by alexrooney 75 days ago under family office, san francisco family office
The family office industry has developed a lot over the years, as wealthy families have been very attracted by the idea of having someone protect and reinvest their family money. Thus, it is estimated that there are currently approximately 3 000 family offices in the United States. As for the concept of family office, it is worth mentioning that it first started to be used in the 1950’s when it designated the financial management services provided to a wealthy family. Nowadays, family office services are divided into single and multi family office and families of great wealth are expected to decide whether they want their assets and properties to be exclusively managed by a wealth management company or whether they want to resort to a multi family office, which would bring them considerable savings. All in all, family offices continue to enjoy great success amongst wealthy families who need centralized management services of their families’ fortune. » Family office
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