Ten Reasons to Start a Family Office

I’ve been traveling in the United States and abroad lately, meeting successful business-owning families who feel that they’ve “become bigger than their business.” They realize that, in addition to the family business, they need to start to focus on the “business of family.” Many are pondering how to evolve to a family enterprise mindset and whether it makes sense to set up a family office.

It’s a challenging question—every family is different. As an advisor, it’s important to know how to respond if clients ask you about it. Family Office Exchange has identified 10 key reasons to start a family office.