Financial Poise

Family Office

  • October 17, 2021
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A Family Office is a private company that manages investments and trusts (as well as many day-to-day activities) for a single family, also known as a “Single Family Office.” Additional services include property management, accounting, payroll and legal affairs, philanthropic activity and estate planning. Costs for a family office typically run over $1 million to operate, so the family’s net worth usually exceeds $100 million.