Family office: instrumento de gestión del patrimonio familiar
ISSN: 2174-2529
Year of publication: 2011
Volume: 1
Issue: 2
Pages: 43-57
Type: Article
More publications in: Revista de Empresa Familiar
Abstract
This paper studies the concept of Family Office, as a tool available to the members of family business to manage and diversify their assets and risks. First, the research makes a theoretical analysis of the concept, the different modalities and different ways of implementing a family office. Then, this study analyzes the different strategies that can be taken with different purposes (depending on the type of family office implemented), and the differential characteristics between the several structures. The traditional concept of family office (FO) focuses on a business run by and for one family. Its function is to centralize the management of a significant family fortune. Typically, these organizations employ staff to manage investments, taxes, philanthropy, trusts and legal services. The aim is to transfer wealth between generations.