- Oct 12, 2019
- 5 min
Family Office : milestones and development
Introduction Family office is not an invention but is coming from an ancestral tradition that can be traced since the Roman antiques....
Research shows that only 8% of the wealthy transmit their fortune to the next generations with success. The major reason for this was a lack of preparation and planning by the family. A Family Office can help families to preserve their wealth over the generations. Those that have professional, high calibre staff who are independent and understand the long term needs of their families will have success.
Most things in life – automobiles, mistresses, cancer – are important principally to those who have them.
Money in contrast is equally important to those who have it and those who don’t.
Sylvain Maréchal (1788)