There has been a notable increase in the number of family
offices being established across the world over the past 10 years.
It is a trend that is gaining more and more attention but one that
people still have plenty of questions about. Here, Siobhan Riley,
head of Carey Olsen's trusts and private wealth practice in
Jersey, puts answers to some of the most pertinent family office
queries.
Why were family offices first established?
The roots of family offices are recorded as early as the sixth
century and involved managing royal wealth. The aristocracy across
the ages have also recognised the value of the stewardship of
family wealth seen most vividly with family offices used to run
landed estates.
