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Sustaining Family Wealth: The Impact of the Family Office on the Family Enterprise

In: Understanding Family Businesses

Author

Listed:
  • Kirby Rosplock

    (GenSpring Family Offices)

  • Dianne H. B. Welsh

    (The University of North Carolina at Greensboro)

Abstract

While no one is sure of the precise origins of the family office, many experts agree that the first family offices resulted from large, European land-owning families who had sold their property and liquidated their assets (Hamilton 1997; Rankin 2004; Avery 2004). Avery indicates that the European family offices were embedded in the estate offices of French, British, and German nobility in the nineteenth century, and possibly earlier (Avery 2004). Even though the family office has been in existence in some form for at least two centuries, there is little academic research on the topic. The results of in-depth research have the potential to significantly impact both family businesses and family offices.

Suggested Citation

  • Kirby Rosplock & Dianne H. B. Welsh, 2012. "Sustaining Family Wealth: The Impact of the Family Office on the Family Enterprise," International Studies in Entrepreneurship, in: ALAN CARSRUD & Malin Brännback (ed.), Understanding Family Businesses, chapter 0, pages 289-312, Springer.
    • Handle: RePEc:spr:inschp:978-1-4614-0911-3_17
    DOI: 10.1007/978-1-4614-0911-3_17
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    Cited by:

    1. Charly HONGDIYANTO, 2018. "Personal and Social Attributes as Determinants of Entrepreneurial Intention," Expert Journal of Business and Management, Sprint Investify, vol. 6(2), pages 93-100.
    2. Welsh, Dianne H.B. & Memili, Esra & Rosplock, Kirby & Roure, Juan & Segurado, Juan Luis, 2013. "Perceptions of entrepreneurship across generations in family offices: A stewardship theory perspective," Journal of Family Business Strategy, Elsevier, vol. 4(3), pages 213-226.

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