Family Office is the term given to a professionally managed set-up, established by wealthy families in order to consolidate, administer and manage their assets, business affairs and other significant responsibilities through a coordinated provision of services.
What is a Family Office?
A Family Office is the term given to a professionally managedset-up, established by wealthy families in order to consolidate,administer and manage their assets, business affairs andother significant responsibilities through a coordinatedprovision of services. The primary goal of a Family Office isthe preservation of wealth of the family for current and futuregenerations, through proper management and compliance.
A Family Office does not necessarily take managementdecisions on behalf of the family, but merely presentsthe various options to the family to help it decide on theappropriate measures to be taken and then the Family Officemonitors the implementation of such decisions.
© 2023 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.
KPMG and the KPMG logo are registered trademarks of KPMG International Cooperative ("KPMG International") a Swiss entity. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG International Cooperative ("KPMG International") or KPMG member firms.
Connect with us
- Find office locations kpmg.findOfficeLocations
- Social media @ KPMG kpmg.socialMedia
Stay up to date with what matters to you
Gain access to personalized content based on your interests by signing up today