What is a Family Office?

  • Boris CanessaEmail author
  • Christoph Weber
  • Alexander Koeberle-Schmid


A common working definition of a family office is established: a self-contained organizational unit belonging to one or more families or individuals with a large portfolio of complex assets. The family office exists to organize the management of that wealth by bundling assets and streamlining services for better long-term growth. Crucially, the active consulting that the family office provides to its individual members or family as a whole must always be free of conflicts of interest. Family offices are typically created following a cash event or in the context of generational change, to professionalize the management of wealth and promote family unity.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Boris Canessa
    • 1
    Email author
  • Christoph Weber
    • 2
  • Alexander Koeberle-Schmid
    • 3
  1. 1.DüsseldorfGermany
  2. 2.EssenGermany
  3. 3.KölnGermany

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