Although family offices are unique in their kind and as individual as their owners, respectively the families behind them, there are common pillars to all of them:
- All-encompassing coordination: As the strategic partner of the owner, respectively the family, the family office maintains the central overview over the entire wealth structure including non-bankable assets, i.e., strategic stakes, real estate, art, yachts and planes.
- Successful asset management: The definition of a strategic asset allocation and stringent monitoring processes provide the basis for long-term success.
- Profound risk management: The family office performs the role as a risk manager in regard to not only financial, but operational risks as well.
- Bespoken succession structures: The family office may act as the central coordinator for family institutions and structures, i.e., foundations, trusts, education of the next generation.
- Highest level of flexibility: Ideally, the family office develops alongside family and business structures over the different generations.
