What is the assets under management required to start a single family office?

What is the assets under management required to start a single family office?

by Richard C. Wilson & Family Offices Group Association Team

Question: What is the assets under management required to start a single family office?

Answer: Without detailing the line item costs or requirements of running a family office, I want to dispel one myth.  Many industry studies will tell you that you need $100M to $250M+ to set up your own single family office solution.  Experts will tell you that running a family office will cost at least $1M a year. I don’t believe any of that is true.

Due to technology and the ability to leverage taxation and risk management experts and consultants, I have found some successful single family offices with “only” $30M-$50M in assets.  The amount of assets needed to set up a single family office depends on the type of risk the family has to manage, what they invest in, what global taxation issues they face, and what goals they have for the family and family office.

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