In most cases, the main motive is the need to allow assets to continue to grow across generations within the family structure.
The reasons for setting up a single family office and the important steps to consider before and during its establishment.
The main reason for setting up a single family office is the desire to ensure that the wealth accumulated over decades can be passed on to many future generations of the family.
One of the key drivers here is independence from third-party providers.
In addition, setting up a single family office can often strengthen family cohesion.
The responsibilities of a single family office can extend much further than simply managing your own assets.
Setting up a single family office is a decision with far-reaching consequences.
The family establishes a new, separate company.
In doing so, it assumes - once again - joint entrepreneurial responsibility, employs its own staff, faces legal and regulatory obligations and incurs high costs.
In many respects, these explanations can be applied accordingly to multi-family offices or hybrid forms between single and multi-family offices, resulting in opportunities that a single family could not achieve.
We would be happy to advise you on this very complex topic and which form is right for you!
I look forward to hearing from you!
Manuela Olmesdahl
Telefon / whatsapp: +41 76 376 61 11
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