Answer
A family office serves as a centralized hub for coordinating a family's investments, tax strategy, estate planning, philanthropy, and even day-to-day administration. It can be structured as a single family office (SFO) serving one ultra-high-net-worth family, or as a multi-family office (MFO) serving multiple clients under one firm. Services include asset management, legal coordination, succession planning, and lifestyle support.
Most family offices operate with discretion, long-term goals, and a strong emphasis on legacy preservation and intergenerational wealth transfer.
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Editor's Note
Family offices have become essential for wealthy families seeking control, confidentiality, and long-term wealth sustainability.