In the last 25 years, family office structures have emerged as the global best-in-class solution for affluent families striving to achieve long-term wealth management and preservation. As the costs of operating single family offices (SFOs) have continued to outpace revenue growth, virtual family offices (VFOs)1 have proliferated as the preferred platform for outsourcing, particularly as a starter for families not ready for a family office with a brick-and-mortar presence. VFOs are legally ...

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