The demands of running a family business often come before the needs of the family’s financial and administrative affairs.  Thus, separating the family’s financial and administrative affairs from the management of their operating company is an essential best practice. This white paper provides families with a roadmap for the separation process. The paper: 

• Details the steps involved in making a transition from managing wealth inside the family business to setting up a family office or selecting an outside wealth advisor 
• Identifies techniques and strategies that families have applied with success 
• Provides insights from advisors and family office executives that have been through the separation process 

Whether a family is planning to sell their business in the near future, or whether they plan to own and manage the operating company for generations to come, this paper outlines specific steps for making that separation a reality and uses case studies to illustrate the challenges and opportunities. 

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