For those considering a family office, Marvin J. Schmidt proposes that when multi-family offices are structured to support this objective and strike the right balance between serving multiple clients while maintaining a small and select client base, they present a hard-to-beat combination of immediate access to experienced professionals and proven processes, while retaining overall affordability.

Regardless of their model, family offices and the professionals who work within them strive to continuously administer and oversee the day-to-day matters of their client families, well beyond the scope of wealth management, in an exceedingly personalized manner.

View the article