The costs of running a single family office
Every single family office is different in size, structure, functions, and wealth under control. Regarding the question, if you are ready for a family office, expert opinions start with a minimum liquid asset value of USD 30 million, move to USD 100 million, and finally end at USD 500 million to create a single-family office. However, in our view, there is no ideal world-specific point or stage of wealth where a single family office should be created. It’s all based on individual needs to define the required family office service offering. A lean structure to start will also be reflected in the running costs, and you can add further services later.
Blog original source: https://www.centrolaw.ch/en/insights/detail/the-costs-of-a-single-family-office
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