Multifamily Office Foundations and Investor Mandates, video 20 of 20
Designing Your Single Family Office Early as a Centimillionaire
This video examines early design choices for a centimillionaire family considering a single family office. Family priorities should guide the structure, staffing, specialist support, investment mandate, governance, and accountability. A clear plan also helps determine which responsibilities belong in house and which can be handled by outside providers. Families comparing a single family office with a multifamily office can use this framework to assess service needs, operating complexity, cost, and the level of control they want.
Why watch
- Understand the early design decisions involved in creating a single family office.
- Compare in house responsibilities with services that may be provided through an MFO.
- Use family priorities, service needs, staffing, governance, and cost to evaluate a long term structure.