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Wealth Planning>Estate Planning

Essential Questions to Ask Before Starting A Single Family Office

Help clients think through the decision carefully and set up the SFO for long-term success.

Opening a single family office (SFO) seemed like the logical next step for one family after they had sold their family business. Peer families and trusted advisors suggested they open an SFO. They visited several SFOs and set about building their own team. Rushing into that decision didn’t turn out well, however. It wasn’t until later that they realized they weren’t clear on why they truly needed the SFO, and family members had different expectations about its capabilities. After several

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TAGS: Trusts & Estates High Net Worth
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