There’s a general consensus within the private wealth industry that the number of single-family offices is booming worldwide. More telling, the amount of money they’re controlling is growing at an even greater rate. Professionals who monitor and pontificate on these numbers tend to define single-family offices as investment vehicles.
While many single-family offices can be characterized as private investment firms that sometimes incorporate non-investment services, others can be more broadly defined. A single-family office, for example, might address financial and lifestyle issues without dealing with investments or selecting money managers.
