The family business of family offices

Two very different families have created thriving businesses by managing other families' financial affairs, helping them to stay together long after they needed to.

When a family business is sold by its second or third generation, the various siblings and cousins generally take the cash and gallop off, just getting together for Christmas and weddings. The deep dynastic teamwork that comes with a family business is at an end.

But not always. The alternative is a family office, which are all the rage these days for families that have a “liquidity event” and sometimes before that, when the business is so successful it has a liquidity event every day.

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