Works of Art – Works of Life
Our practice performs many different functions for our clients. In our role as a family office we get involved in a variety of financial and personal tasks. I saw an article this week about the growth of single family offices established by very wealthy individuals to manage their family’s wealth and welfare. Families that employ a staff of advisors to oversee their family’s financial affairs typically have wealth of at least $100 million, but on average have wealth of $400 million. Currently there are 14,600 families across the world with wealth in excess of $100 million. The number of families in this elite group has risen 42% since 2008.