Family office structure

The conceptual roots of the family office began in the 6th century when the major-domo (or highest level domestic staff) was a person who would represent, make arrangements for, or take charge of the affairs of a noble family and its wealth as a family manager or administrator. Today, the modern concept and way of running a family office are widely accepted by large and wealthy families around the world.

A family office can be a family company that aggregates family wealth or a company that provides financial services to clients while maintaining the family’s decision-making power. Therefore, after the establishment of the family office, the family (investors, clients) can manage the operation and distribution of the assets held by the family.

Single Family Office

A Single Family Office (SFO) is a private company that manages a family’s finances.

Multi-family office

A family office is formed by a coalition of several families. Multifamily offices are responsible for managing the finances of multiple families, which are not necessarily related to each other.

Characteristics:

• Family assets trust as a company, separated from natural persons
• When passing on assets, only the shares in the offshore holding company needs to be transferred.
• Family assets can be managed by professionals
• Easy to manage

For:

• Family Asset Management
• Global Asset Allocation
• Asset inheritance

Please consult FOZL for more information.