Is a Family Office Right for You?
- Many wealthy families use family offices to manage their financial lives. These can range from one person handling household administration to large full-service teams of investment and wealth planning professionals, with every conceivable combination of in-house and outsourced service functions in between.
- Each family office approach offers different benefits and drawbacks, and the right decision for your family will depend upon careful consideration of costs, benefits, and the needs of your particular family.
- We explore the different family office structures and service options, the many considerations involved in setting up and running a family office, and ways of deciding whether a family office — or which type of family office — makes the most sense for your family.
This material is for your general information. It does not take into account the particular investment objectives, financial situation, or needs of individual clients. This material is based upon information obtained from various sources that Bessemer Trust believes to be reliable, but Bessemer makes no representation or warranty with respect to the accuracy or completeness of such information. The views expressed herein do not constitute legal or tax advice; are current only as of the date indicated; and are subject to change without notice. Forecasts may not be realized due to a variety of factors, including changes in economic growth, corporate profitability, geopolitical conditions, and inflation. Bessemer Trust or its clients may have investments in the securities discussed herein, and this material does not constitute an investment recommendation by Bessemer Trust or an offering of such securities, and our view of these holdings may change at any time based on stock price movements, new research conclusions, or changes in risk preference.
