The Types of Family Offices
For decades, there were two types of family offices: single family and multifamily. Today, there is a third type-the virtual family office. This is a hybrid that combines the personalized attention of single-family offices with the multiple clients of a multifamily office.
High-performing virtual family offices are not automatically the best answer for every driven entrepreneur. All you might need is a consummate wealth manager or a top-notch financial advisor or even an excellent investment advisor.
Who can benefit from a Virtual Family Office?
- Those who have a net worth of $10 million or more
- Or, if you have a complex financial situation and can benefit from the strategies being used by the most successful business owners and individuals today.
A high-performing virtual family office makes a lot of sense if your life is full of complexity. A high-performing virtual family office is able to integrate wealth management with family support services at a level of sophistication that is usually otherwise unavailable.
