What Are Family Offices?

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Family offices are private wealth management advisory firms that serve ultra-high-net-worth (UHNW) investors.

What Are Family Offices?

Family offices are private wealth management advisory firms that serve ultra-high-net-worth (UHNW) investors. They are different from traditional wealth management shops in that they offer a total outsourced solution to managing the financial and investment side of an affluent individual or family. For example, many family offices offer budgeting, insurance, charitable giving, family-owned business, wealth transfer, and tax services.