A family office is considered by many to be the perfect vehicle to meet the financial needs of their family both today and into the future. They are able to maintain close control over their wealth and over-all financial affairs.
Every family, however, is unique and has its own set of requirements. There are, as a result, many different types of family office structures, requiring very different sets of services and solutions, and overall governance.
For example, some family offices simply require the provision of basic administrative support, whilst others require full management oversight of the investments they make to control every facet of the family's financial & lifestyle needs.
It is likely, once a family office is established, that it will serve multiple family generations requiring various wealth management strategies. In a well run family office, these strategies are successfully integrated to ensure each facet and strategy supports the overall goals of the family.