Structuring a Family Office for the Business-Owning FamilyStructuring a Family Office for the Business-Owning Family

Family offices are as different as the families they serve—one size doesn’t fit all. For families that are seeking to coordinate and consolidate their investment management and planning, a well-structured family office can play a crucial role in the preservation and growth of wealth through the generations.

Just as every family is different, so too is what’s required of every family office. Since business families established the first family offices in the early 20th century, their number has steadily increased, with the first decades of the 21st century seeing the most rapid growth. As they’ve multiplied, family offices have taken different forms, depending on a family’s needs.

As a family’s businesses, wealth and needs evolve over time,...