Why build and maintain a family office?
Not everyone needs a family office. There must be a desire to stay connected for a common purpose. Throughout history, empires, dynasties, and kingdoms were built with a focus on consolidating wealth and transitioning it by bloodline. Today the methods used by wealth creators to guide their family have evolved.
Most family offices are created to foster a healthy family relationship and to maintain a wealth legacy. A family office is the central hub where priorities such as wealth preservation or expansion, family education and dynamics, philanthropy, communication, and much more, are managed.