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The New Family Office: Affordable Wealth Management

  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
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  Article Summary  
A family office is defined as a private company that oversees the fiscal well-being of a single family. As a business run by and for a single family, the family office operates by centralizing the management of a single family’s finances.

Traditionally, only wealthy families, who may have a sizeable household staff or require a business operation to monitor their fortune, run family offices. However, this is no longer the case.

Now there are a number of family office options, making it an increasingly viable option for families besides the ultra-wealthy. This article looks at the three primary classes of contemporary family offices along with the significant benefits of engaging with a family office services provider.

While originally only operated by families with wealth in excess of $500 million, changing practices have opened up this service to other individual investors and families so that they can benefit with a net asset value as low as $2 million.

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