Building a Family Office With Outcomes In Mind

A common question that a family often asks prior to building a family office is “What is a family office anyway and does my family actually need one?” The answer depends on the family’s goals, as well as understanding the four different types of family offices that are commonly used: (1) single family office, (2) family business office, (3) family virtual office, and (4) multi-family office. So while there are a number of types of family offices available, the important question to ask before pursuing any one of those options is “What outcomes do you actually want from your family office?”