Ultra Rich in London Protecting Wealth with Family Offices
Research from the London School of Economics has shown that the ultra rich in London are protecting their wealth with family offices. According to the study, a family needs to be worth at least US$100 million to employ a multi-family office or ar least US$250 million for a single family office.
“According to the study, a family needs to be worth at least US$100 million to employ a multi-family office or ar least US$250 million for a single family office. “
~ London School of Economics
Family office employees can manage every aspect of the families lives, ranging from personal to professional and it can consist of economists, lawyers or psychologists. Family offices could set out family constitutions which define the rules all members have to follow or even assume a lifestyle management function which oversees their daily lives.
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