Single family office vs multi-family office: Could a hybrid be the future?
Pioneered by the Rockefellers, single-family offices have always been the preferred choice for affluent families as a centralised means of managing their wealth. However, this dedicated service tends to come at a price, along with other considerations, that might not suit the needs of every family, which is where multi-family offices come into favour. Here is a look at how the differences between single and multi-family offices could give rise to a hybrid option.
Operations Published on Simple August 26, 2022

Pioneered by the Rockefellers, single-family offices have always been the preferred choice for affluent families as a centralised means of managing their wealth. Single family offices constitute a dedicated team of personnel, handpicked by the family itself, that can plan, structure, and execute their specific wealth management needs. Apart from investment planning and execution, they also offer services like tax regulation and compliance, real estate investing, accounting and reporting, and other concierge services.

The key issue with the single family office model lies in its astronomically high operational expenses which could even reach up to a certain per cent of the family’s annual net worth. The multi-family office model solves this by pooling resources and distributing operational costs among all its clients. This allows multi-family offices to capitalise on economies of scale and provide a more diverse, scalable, and uninterrupted range of services by allocating larger sums to acquire state-of-the-art infrastructure and develop the very best research and wealth experts that the industry has to offer.

A single family office vs a multi-family office: How they compare

As the responsibility of family wealth shifts to the new generation, the inheritance is often divided into smaller, fractional interests to make the transition easier.

About the Authors

Raman Garg

Raman Garg

Research & Data Analyst

Raman Garg is a research and data analyst for Simple and works with the Product, Data and Content teams to help benchmark and streamline family office operations.

Connect with Raman Garg

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