Who Uses a Single Family Office?

Who Uses a Single Family Office?

by Richard C. Wilson & Family Offices Group Association Team

Question: Who Uses a Single Family Office?

Answer: While some family office clients inherit their wealth and some are professional athletes or movie stars, a high percentage of family office clients have recently taken a company public or sold a business and as a result they are in possession of $20M, $100M or more in assets that they didn’t have to manage in the past.  As the saying goes, with more money comes more problems.  Family offices try to help manage and preserve that wealth, and the goal of this book is to explore how they attempt to do that on a consistent basis.

Examples of well-known individuals who use family offices include Michael Jordan, Paul Allen, Oprah Winfrey, Bill Gates, and Donald Trump.  Almost everyone who runs a single family office has between $100M and $1B, with a smaller percentage having over $1B in assets and an even small percentage having under $100M in assets under management.   Multi-family offices tend to cater to clients who have less than $100 million in AUM or simply do not want to go through the trouble of establishing a single family office or do not see it as adding significantly more value than a multi-family office can provide.

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

Read more Frequently Asked Family Office Questions.

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