Question: Why Do Family Offices Host Family Meetings?
Answer: Some, but not all, family offices host family meetings as a forum that involves the family members in the finances and planning of the family. Family meetings are informative for multi-generations to be aware of family finances, goals, and updates of current activities. The family office helps run these meetings for each generation separately or combined. Each family member’s rights and responsibilities in managing family assets are shared. The family meeting can be a great value-added service offered by a family office.
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