Setting up a family office is never an easy undertaking and can
present numerous challenges for anyone seeking to steward assets
for future generations or meet the complex needs of extended family
members. This Special Report provides a practical guide to the main
factors to consider when setting up a family office and helps
families and their advisers navigate a path through the wide range
of family office models in use today. In addition to a brief
history of family offices and their evolution, the report covers
how families can be encouraged to spend quality time thinking about
their needs and aspirations - as well as their relationship to the
family wealth - and explores how advisers can work alongside
families most effectively. Written in an engaging, accessible style
Setting Up a Family Office looks at who can benefit most from a
family office and walks the reader through each key step in the
process, including: *how to hire; *where to locate; *what structure
to use; *how to ensure privacy and loyalty; and *the evolution of
the office and the family. This report makes essential reading for
anyone considering setting up a family office including advisers
working alongside families on these key issues. Authors Barbara
Hauser and Keith Drewery have decades of practical experience
working with family offices, in all stages, and in many countries.
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