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Understanding Family Businesses pp 289–312Cite as

Sustaining Family Wealth: The Impact of the Family Office on the Family Enterprise

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Part of the book series: International Studies in Entrepreneurship ((ISEN,volume 15))

Abstract

While no one is sure of the precise origins of the family office, many experts agree that the first family offices resulted from large, European land-owning families who had sold their property and liquidated their assets (Hamilton 1997; Rankin 2004; Avery 2004). Avery indicates that the European family offices were embedded in the estate offices of French, British, and German nobility in the nineteenth century, and possibly earlier (Avery 2004). Even though the family office has been in existence in some form for at least two centuries, there is little academic research on the topic. The results of in-depth research have the potential to significantly impact both family businesses and family offices.

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Notes

  1. 1.

    The Harrison Case is based in part on a real family; however names, places, and certain occurrences in the case have been fictionalized to protect the privacy of the family.

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Authors and Affiliations

  1. GenSpring Family Offices, LLC 150 S. US 1, Suite 400, Jupiter, FL, 33477, USA

    Kirby Rosplock

  2. North Carolina Entrepreneurship Center, Bryan School of Business and Economics, The University of North Carolina at Greensboro, #418 Bryan Building, 516 Stirling Street, UNCG, Greensboro, NC, 27402-6170, USA

    Dianne H. B. Welsh

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  1. Kirby Rosplock
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Correspondence to Kirby Rosplock .

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Editors and Affiliations

  1. TED ROGERS SCHOOL OF BUSINESS, TORONTO, M5B 2K3, Ontario, Canada

    ALAN CARSRUD

  2. Dept. Business Administration, Swedish University Abo, Henriksgatan 7, Turku, 20500, Finland

    Malin Brännback

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Rosplock, K., Welsh, D.H.B. (2012). Sustaining Family Wealth: The Impact of the Family Office on the Family Enterprise. In: CARSRUD, A., Brännback, M. (eds) Understanding Family Businesses. International Studies in Entrepreneurship, vol 15. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-0911-3_17

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