The Family-Focused Office
FFI Practitioner Article
November 2021
Imagine sorting all of the hours and dollars spent over the course of a year within a typical single family office into three categories: money, legal, and family. The "money" category would include all of the energy used to oversee and manage investments, as well as trustee fees, accounting, and anything else that generally accompanied tending to and growing the family's financial capital. Under "legal" we would include all of the work done to manage regulatory obligations, estate planning, tax strategy and preparation, insurance, and other risk management efforts. Finally, "family" would include the time and budget allocated directly to measures taken to improve the physical, mental, emotional, and spiritual health and well-being of the family, including family learning efforts, individual coaching and development, and relevant family meetings or retreats.
What would we find?
