Family Office vs Private Bank: What’s Right for You?


Last updated: 2025-06-07 Source: wealthshield Author: admin
intro:For high-net-worth families, the choice between establishing a family office or relying on a private bank is a significant one. Private banks offer turnkey solutions and lower setup costs, but may lack independence in advice and customization. A fami

For high-net-worth families, the choice between establishing a family office or relying on a private bank is a significant one. Private banks offer turnkey solutions and lower setup costs, but may lack independence in advice and customization.

A family office, though more costly and complex to establish, allows full control over investment strategy, succession planning, and even concierge services. Many families opt for a hybrid model, using banks for custody and transactions, while strategy remains internal.

Ultimately, the decision depends on asset size, family complexity, and long-term goals. A growing number of Asian families are choosing to evolve from bank-dependent models toward in-house offices as their wealth matures.


FAQs:

Q: When should a family consider starting its own office?

A: Generally when assets exceed $100 million and customized strategy becomes critical.


User Comments:

  • “Having our own team gave us independence from product-pushing bankers.”
  • “The hybrid approach works well—we get the best of both worlds.”


Editor's Note:

There’s no perfect model—just the one that fits your family’s needs today and into the future.


(Editors: admin)

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