There is an ever increasing number of Family Offices being set
up by wealthy families. Below we take a quick look at some of the
main reasons these offices are being set up:
Confidentiality & discretion
High Net Worth Individuals (HNWIs) are highly sensitive to
maintaining confidentiality for a variety of legitimate reasons,
and setting up their own Single Family Office (SFO) or hand-picked
Multi-Family Office (MFO) gives them the confidence and peace of
mind that their information and data is being kept
confidential.
Trust
Often HNWI's will employ professional advisors who they have
worked with for some time and who they have grown to trust with
their affairs. By engaging those advisors directly in their own
Family Office they can maintain that trusted relationship.
