Family goals should drive family office decisions

The “office” in a family office is not necessarily a physical structure. Rather, it is a shared and agreed-upon approach to managing the family’s wealth.

Family offices take many forms. They can be fully staffed, stand-alone operations. They can be entirely virtual, outsourced organizations under the direction of the family. Or they can be something in between. As the saying goes, “If you’ve seen one family office, you’ve seen one family office.” In other words, a family office is unique to the family it serves.

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