SFO vs. MFO
WHAT SOLUTION IS RIGHT FOR MY FAMILY?
Operating your own family office requires a different commitment and delivers a different experience from a multi-family office. Finding the right fit for your family is critical.
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Wealth owners with investable assets exceeding $100 million may choose to manage their wealth privately by creating a single-family office (SFO), to oversee all aspects of their human, social, and financial capital. |
A multi-family office (MFO) is a wealth management firm that offers integrated, highly customized services to a limited number of clients and can be independently owned or part of a larger financial services firm. |
SINGLE-FAMILY OFFICES VERSUS MULTI-FAMILY OFFICES
The decision to create a single-family office or join a multi-family office is a personal one. The essential component is finding the situation that best fits your family and family office.
SINGLE-FAMILY OFFICESFOs typically work across multiple generations to ensure that the goals and priorities of the family are pursued in an independent, transparent, and conflict-free manner while maintaining privacy and confidentiality for all family members. Services might include tax, accounting, investments, philanthropy, family education, governance, family mission and values, and various lifestyle and concierge services. The terms “family office” and “single-family office” are used interchangeably for this guide. |
MULTI-FAMILY OFFICEParticipating families have access to a wide array of integrated services, like those offered by a single-family office, ranging from financial and investment management, philanthropy and family education. A MFO may best serve individuals and families with assets greater than $20 million. MFOs allow families to access the benefits of a dedicated single-family office without the overhead and responsibility of owning and running a family office. They can also be an ideal outsourcing partner for smaller single-family offices with limited staff and resources. |