What is a Family Office?

It is an entity that supports the financial needs of a specific family group.

A "chief advisor" to the family.

It typically provides personalized services, technical expertise, creative business leadership and day-to-day management of financial affairs.

Some have likened it to the family’s "quarterback" for all product and service providers and professional advisors.

Types of Family Offices.

Single Family Office (SFO) – set up by an individual family.

Multifamily Office (MFO)

• Serves the needs of more than one family

• Combines resources for efficiency

• Single point of contact for planning and implementation

• A way of sharing family office functions

Commercial Family Office (CFO)

• Multifamily, professionally run, outsourced family office        .                  .      solution