Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Off-Topic
Reply to "Please Define "Family Office""
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]They do different things based on the family but it’s basically when you have significant joint assets or assets in trust for an group of people and you want to have your own financial staff for investment, philanthropy, etc. Like they might help coordinate estate planning too. It’s all services you can get elsewhere but some families want to have their own employees and some don’t. I think it has also just become a code word for high levels of multi-generational wealth that people like to drop. But there are no rules: it could be one part time person or a team of 20 bankers. If someone has a family office in their monthly budget, that suggests to me that someone has demanded that beneficiaries pay into the family office but it’s probably just an exercise of sending back money that was distributed to them anyway. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
