Foley Lardner has published a succinct primer on Family Offices. It begins as follows:
What is a Family Office?
- A “Family Office” is a wealth management entity created to provide investment and wealth management services tailored to the specific needs of a high net worth (HNW) individual or family
- A Family Office can take on many forms tailored to the unique needs, circumstances, history, and preferences of the family it serves
- A Family Office can help preserve a family’s legacy and wealth from generation to generation
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..