A family office is a private entity established to manage the financial and non-financial affairs of a wealthy family. Unlike a typical wealth-management account, a family office coordinates investments, legal matters, estate and succession planning and sometimes lifestyle services such as bill payment and travel arrangements. A “single-family office” serves one family, while a “multi-family office” manages assets for several unrelated families.
Related questions
How are family offices structured? Family offices are usually formed as limited liability companies or private trust companies. They may comprise several entities: investment management, trust, real estate and philanthropic vehicles, each tailored to tax and estate planning objectives. The structure often reflects the family’s goals, risk tolerance and governance preferences.
What is the ideal staffing structure for a single-family office? A well-functioning family office typically employs investment professionals, a chief financial officer or accountant, legal and compliance specialists, tax advisers and administrative staff. Depending on complexity, the team may include estate planners, philanthropic advisers and lifestyle managers. Sadis helps families determine whether to hire internally or outsource functions such as legal, tax and regulatory compliance.
How to compare family offices offering direct private market investments? When evaluating a family office or multi-family office that offers direct investments, consider the firm’s investment track record, due-diligence processes, alignment of interests, fee structure and regulatory oversight. Investors should verify that offerings comply with securities laws and that the manager conducts thorough diligence on private investments. Sadis advises family offices on reviewing investment opportunities and negotiating terms, drawing on experience in private funds, venture capital and co-investments.
