How Hard is it to Start a Family Office?

How Hard is it to Start a Family Office?

by Richard C. Wilson & Family Offices Group Association Team

Question: How Hard is it to Start a Family Office?

Answer: For most ultra-affluent clients, starting a single family office is not a realistic option. Doing so requires being comfortable with running a financial firm, or at least hiring the right talent to make sure the operation is worth the high costs of operating the firm. Also, most single family offices require a relatively large investment of time to manage, compliance monitoring, and at least $50M-$100M in capital to really provide an efficient solution for the ultra-affluent client. These factors combined lead most ultra-affluent clients, even those with $100M or $300M+ in wealth, to turn to a multi-family office solution.

Download our free Family Office Report to learn more about the family office industry.

Read more Frequently Asked Family Office Questions.

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at Clients@FamilyOfficesGroup.com.

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel