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What is a Family Office?

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

Abstract

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.

Bibliography

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  2. Daniell MH, Hamilton S (2010) Family legacy and leadership – Preserving true family wealth in challenging times, 1st edn. Wiley, SingaporeGoogle Scholar
  3. Gray L (2004) The new family office – Innovative strategies for consulting to the affluent. Linnius, LondonGoogle Scholar
  4. Schaubach P (2011) Family Office im Privaten Wealth Management – Konzeption und empirische Untersuchung aus Sicht der Vermögensinhaber, 4th edn. Uhlenbruch, Bad SodenGoogle Scholar

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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