What qualifies as a “true” family office?

What qualifies as a “true” family office?

by Richard C. Wilson & Family Offices Group Association Team

Question: What qualifies as a “true” family office?

Answer: There is a constant debate over what is a “true” family office. Some professionals believe single family offices are the only authentic family offices, and multi-family offices are simply wealth management firms in disguise. Others believe that you must have $250M to launch a single family office, but there are many successful single family offices with as little as $50M.

I believe that a family office is defined by how they operate and what solution they provide to the family, and not by their asset size. A hedge fund is a hedge fund and a venture capital firm is a venture capital firm based on the structure of their investments, fees, and purpose and not by their asset size; the same goes for family offices.

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