You are a FAMILY MEMBER:
You found your path into wealth either by creating it yourself as a first generation or by being born into it, you being a second, third, fourth succeeding generation in your family.
You are an ULTRA HIGH-NET-WORTH-INDIVIDUAL:
You built your wealth through entrepreneurial activities, profession in sports; art; legal; other.
You are actively or non-actively engaged in your family businesses; foundations; entities. You allocate your time among your family, your businesses, philanthropy works, social and recreation activities such as art, sports, and public contributions.
Business priorities such as growth, finance, employment, new destinations, exit and ownership issues such as company structures, trusts, funds; legal, tax, other technical issues demand a significant amount of your time. That being so; you would not like to be fully distracted from your core priorities of health and well-being needs of your family and your wealth.
You are a SINGLE FAMILY OFFICE:
You are taking care of wealth, family and legacy needs of your principles: managing private wealth (occasionally including assets under businesses), undertaking succession planning, assisting with an effective management structure, sustaining growth and profitability.
You found your path into the space when you as a family member or when your principals (the family members you serve) decided to establish a structure to carry out the various family and investment needs of one family within one private body.
You are a MULTI-FAMILY OFFICE:
You are assisting your clients on number of mandates tailored per their needs, be it managing capital, balancing risk, providing effective tax management.
You found your path into the space when your single family office started to offer its capabilities to other families or when a group of experts came together to offer their combined capabilities under one structure.