What is a Multiple Family Office?

What is a Multiple Family Office?

by Richard C. Wilson & Family Offices Group Association Team

Question: What is a Multiple Family Office?

Answer: A multiple family office, often called a multi-family office or MFO, offers comprehensive financial services to multiple affluent or ultra-high net worth families. A multiple family office requires a lower minimum family net worth to be economically feasible to service. The minimum net worth requirement will vary by office but generally is at least several million dollars.

Benefits of a multi-family office are greater accumulated assets to share expenses and gain access to exclusive investment products.  The multiple family office stands in contrast to a single family office which provides family office services to only one family client and does not take on new clients.

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