Family Office is the term given to a professionally managed set-up, established by wealthy families in order to consolidate, administer and manage their assets, business affairs and other significant responsibilities through a coordinated provision of services.
What is a Family Office?
A Family Office is the term given to a professionally managedset-up, established by wealthy families in order to consolidate,administer and manage their assets, business affairs andother significant responsibilities through a coordinatedprovision of services. The primary goal of a Family Office isthe preservation of wealth of the family for current and futuregenerations, through proper management and compliance.
A Family Office does not necessarily take managementdecisions on behalf of the family, but merely presentsthe various options to the family to help it decide on theappropriate measures to be taken and then the Family Officemonitors the implementation of such decisions.
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