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How is a Family Office Structured?

  • Christoph WeberEmail author
  • Boris Canessa
  • Alexander Koeberle-Schmid
Chapter

Abstract

While their structures can vary, the various family office models have common elements, acting as strategic consultants, managers of wealth managers, controllers, informational gatekeepers, authorized representatives, and experts in tax, succession, family governance and philanthropy issues. Many family offices start as a department in the family’s operating company, using company employees to serve the aforementioned functions for the family. Many families eventually opt to spin off that department into a stand-alone organization dedicated solely to their care: the single family office. Larger families, or families without the time or resources to found their own office, often join multi family offices. Some are run as commercial entities by third parties, leading to potential conflicts of interest. Interview with Simon Foster, a Family Officer from the UK.

Copyright information

© The Author(s) 2018

Authors and Affiliations

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

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