Search our site

Speak with our front desk team


+44 207 590 3022



Family Office Association – Creating A Single Family Office to Manage Wealth and Sustain the Family

Comments Off on Family Office Association – Creating A Single Family Office to Manage Wealth and Sustain the Family
Posted October 13, 2014 by GC Privé Editor in Insights

A Single Family Office (SFO) is a private company of professionals who are dedicated exclusively to the investment, personal and legacy needs of one family.

The concept of an SFO can be traced back to the Roman major domus (head of the house) and the medieval major-domo (chief steward)1 as well as the British landed estate.

The modern SFO originated in the 19th century by family dynasties who accumulated significant wealth created during the American industrial age. Interest in SFOs has grown during the last twenty years with a new wave of worldwide wealth coupled with global economic turmoil of the past decade. Extreme volatility, banking and business failures and investment fraud, has motivated many families of significant wealth to take control of their financial affairs and preserve their family legacy.

While a number of wealth management firms call themselves “family offices,” this white paper focuses on the “Single Family Office” or SFO—a privately-owned and – run wealth management firm developed for one family. Each SFO is as unique as the family who founded it. As the saying goes: “If you’ve seen one single family office, you’ve seen one single family office.”

DOWNLOAD DISCLAIMER The documents and relating information on this webpage are provided “AS IS”. The user accepts full responsibility for the use of any of the information contained in the documents. The webpage carries no guarantee of the completeness, accuracy or timeliness of the documents and GC PRIVE LLP makes no warranty of any kind. The information on the webpage does not constitute any kind of professional advice. Some of the links within the webpage connect to website which are not owned by GC PRIVE LLP. GC PRIVE LLP takes no responsibility for the content of such website.