Why the Modern Family Office Matters

Wealthy families have a significant positive socio-economic impact around the world, but lasting impact depends on those families prospering for generations. This is not guaranteed, however, and more intergenerational wealth transfers succeed if families adopt a modern Family Office model that suits their needs and goes beyond managing and growing the family’s financial capital over the long-term. With a focus on the Family Office sector in Australia, this research paper also shows that intergenerational success includes supporting entrepreneurship, promoting family harmony and unity, facilitating the learning, education and fulfilment of each family member, and having a positive impact on the community.