Glossary
Definition
Family Office
A private wealth management firm serving ultra-wealthy families.
A family office is a private company that manages the investments and financial affairs of an ultra-high-net-worth family. Single-family offices serve one family; multi-family offices serve several. Family offices handle investment management, tax planning, estate planning, philanthropy, and sometimes concierge services.
Frequently Asked Questions
At what level of wealth does a family office make sense?
A single-family office typically requires at least $100–250M in assets to justify the cost. Many are set up when a founder sells a company and needs professional management of the proceeds.