Three factors to consider before creating a family office

Family offices can be a great asset in terms of establishing better business flow and synergies between different aspects of your family business. It is important to ensure you have the right structure linked to your objectives, or you could make costly mistakes. When establishing a family office, you have the opportunity to create holistic, personalized solutions. To get it right we suggest you ask yourself these questions before you move forward:

Are you looking to preserve, grow, or spend your wealth?

Many families setting up offices are looking to preserve or grow their wealth. The office provides the platform for professional services and support to meet these objectives. Spending is often linked to purpose-driven giving and the family office can…