When Family Businesses Outsource Family Office Services

A growing trend among larger, very successful family businesses is to either create their own single-family office or to use the services of a multi-family office or manage a set of high-end professionals. In many cases, select services such as tax work and investment oversight was being handled in some department within the family business. The decision to outsource these services in one way or another is principally motivated by the need to segregate the personal finances from the business finances.

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