What is a ‘Family Office’? A Family Office or a Single Family Office (SFO) is a professional platform dedicated to investing financials of high and ultra high net worth individuals, with the objective to manage and protect the wealth of a family through private wealth management advisory outfits. A Family Office allows the family to pursue its own customized wealth management approach and guarantees the highest degree of confidentiality, thereby giving such individuals greater control over their finances. A Family Office provides solution for building, preserving and transferring family wealth and legacy. The concept of Family Office is limited to high and ultra high net worth individuals, as they have higher risk-taking capabilities. Another common concept is Multi-Family Offices (MFO) which provides a variety of financial and non financial services including tax and estate planning, risk management, objective financial counsel, trusteeship, lifestyle management. As
Disclaimer: This blog is for purely informative purposes. Any reliance placed, for any legal proceeding will not impose liability upon the blogger. The Blog seeks to inform readers about the legal environment as prevailing in India. No liability for outdated or wrongful information may be imposed.