What is Family office?

Family Office is a boutique advisory firm providing holistic advice to clients securing their long-term financial well-being. Clients are dealing with multiple issues around the creation and preservation of wealth, including issues around creating legacies and good governance standards. The role of a Family Office is to help the client navigate through these issues. The services are unbiased, customized and with zero conflict of interest. It takes years of experience for a family office to provide insightful advice to clients, based on trust and transparency. Family office services include financial planning, governance, advisory, strategy, life management and few more extended offerings focused on client needs.

While being an integral part of Private Banking, it is a standalone model, due to the plethora of services imparted via this platform. Family office is a regulated business and is treated no less differently from any other financial services practice. Europe tops the list in the number of family office firms, followed by Singapore and Hong Kong. India & the Middle East are now the new jurisdictions welcoming start-up family office participants via the DIFC platform.

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