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EY Americas Family Office Guide
The EY Americas Family Office Guide explores the ins and outs of family offices, including benefits, challenges, and what it takes to set up and manage one.
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. As families grow and wealth increases, the complexity of managing and overseeing family interests also grows exponentially.
Competing priorities, expanding resources and evolving governance needs lead many families to establish a family office to preserve wealth, manage risk and build a lasting legacy for future generations. There are at least 8,000 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 playbook for those planning to set up a family office and also for those looking to set benchmarks of leading practices within their existing family office.
This guide covers:
- What is a family office
- Services a family office should offer
- How to create a business plan and strategy
- Investment process
- Reporting and technology
- Philanthropy
- Family office cost
- Important governance considerations
- Risk management
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How EY can help
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Family Office Advisory Services offer domestic and cross-border tax services to high net worth individuals and families.
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