Fund Structures For Family Offices

What exactly is a family office?

There is no strict legal definition of what a family office actually is but the term, although not new, has become incredibly popular and covers a variety of meanings. A family office is normally used to describe the employees of an ultra-high net worth family. They might help an entrepreneur to run a business empire or manage the family's property and liquid wealth and attend to the needs of individual family members.

Single family offices are those groups or teams who look after the affairs of only one family while multi-family offices, as the name suggests, look after more than one family. A multi-family office may provide a complete service to a range of families or provide them with purely investment management services.