IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-29527-8_7.html
   My bibliography  Save this book chapter

Single-Family Office or Multi-Family Office?

In: Wise Wealth

Author

Listed:
  • Joachim Schwass

    (IMD)

  • Håkan Hillerström
  • Holger Kück
  • Colleen Lief

    (IMD)

Abstract

In earlier chapters we have seen how challenging it can be to employ both cutting-edge design and efficient administration in a single family office. The difficulty in achieving the goals of a family office can be either eased or accentuated by joining a multi-family office (MFO), depending on your family’s situation. As we noted in Chapter 5, an MFO often forms when a family that already has an SFO seeks ways to reduce costs or to retain staff by asking other families to join it. The example of the Bessemer Trust later in this chapter shows that, with a clear mission and good governance principles, many of the benefits of an SFO can indeed be maintained in an MFO, provided that the participating families share the same objectives. However, MFOs do not always gradually evolve from SFOs; some are MFOs from the outset, for example Stanhope Capital (discussed in more detail later in this chapter).

Suggested Citation

  • Joachim Schwass & Håkan Hillerström & Holger Kück & Colleen Lief, 2011. "Single-Family Office or Multi-Family Office?," Palgrave Macmillan Books, in: Wise Wealth, chapter 7, pages 94-106, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-29527-8_7
    DOI: 10.1057/9780230295278_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-29527-8_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.