Does every multi-family office offer the same services?
Besides its independence two of the services a family office primarily provides are asset management (or asset allocation only) and consolidated reporting and monitoring of all the family’s assets. Often a basic multi-family office will only offer asset management. Such a multi-family office is actually more an independent asset manager.
A genuine multi-family office offers a broad range of services. Other services it provides include wealth and tax planning, trustee and corporate services, and support with real estate and family governance. There is also a type of family office that will not only support you on the financial side, but also with more administrative and personal issues, acting for example as a private secretary, making travel arrangements, or guiding your children. These kinds of services are also known as ‘lifestyle management’.