EY Americas Family Office guide

Today, private family capital is larger than private equity and venture capital combined. The increasing concentration of wealth held by very wealthy families and rising globalization are fueling the growth of family offices. There are at least 10,000 single family offices around the world — most of which were set up in the last 15 years.

Family offices are complex organizations that require deep knowledge — not just of investment variables, but also a host of other factors. This guide is a detailed handbook for those planning to set up a family office and also for those looking to set benchmarks of leading practice within their existing family office.

This guide covers:

• What a family office is
• Why to set up a family office
• Services a family office should offer
• How to create a business plan and strategy
• Investment process
• Reporting and technology concerns
• Philanthropy
• Family office cost
• Important governance considerations
• Risk management