The number one driver of single family office costs is complexity, including the scope of services offered, size of the family, and entities served by the office. This study examines the three components of offices costs (internal office costs, external advisory costs, and external investment costs) using data from U.S. family offices and highlights strategies that you can use to mitigate unnecessary complexity in the office, thereby increasing efficiency and lowering overall costs.
After reading this you will:
This study of single family office costs was conducted in partnership with Pitcairn, a multi-family office based in Philadelphia, PA.
Date Published: December 2011