The Family Office

A Comprehensive Guide for Advisers, Practitioners, and Students
Erscheinungsjahr 2021
ISBN: 978-0-231-20062-2
Verlag: Columbia University Press

Buch, Englisch, 368 Seiten, Print PDF, Format (B × H): 156 mm x 233 mm, Gewicht: 718 g

Reihe: Heilbrunn Center for Graham & Dodd Investing Series

Family offices are private organizations that assume the daily administration and management of a wealthy family’s personal and financial affairs. Historically, these repositories of great wealth have been shrouded in secrecy, their activities conducted behind closed doors. Recently, family offices have acquired a considerably higher public profile: they represent a mere 7 percent of the world’s ultrahigh net worth population—yet control a staggering 50 percent of the wealth.

This book provides an insider’s view for anyone looking to understand family offices as well as how to best serve and advise them. The veteran practitioners William I. Woodson and Edward V. Marshall offer a thorough guide to family offices: why wealthy families create them, what they do, and how to manage them effectively. They present these insights through a series of problem-based learning cases that follow a single family’s journey from the time of a significant liquidity event; through the creation, staffing, and management of their family office; and into its succession. Each case study is supported by detailed background reference material. The cases and background materials are drawn from the authors’ practical knowledge, network of industry experts, and experience advising family offices large and small. They shed light on the unique issues wealthy families face and the solutions they adopt to address them throughout the life cycle of a family office.

This book is the definitive resource for practitioners and students, as well as family principals, advisors, service providers, and all others who engage with the world of family offices.

Autoren/Hrsg.

Marshall, Edward V.

Woodson, William I.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere

Über Autor(innen)

William I. Woodson is a lecturer on wealth management at the School of Professional Studies at Columbia University. He is the former head of a family office and ran the family office practices for Citi Private Bank and Credit Suisse.

Edward V. Marshall is a family office expert, author, consultant, and speaker. He is the global head of the family office practice at Dentons, the world’s largest law firm. Marshall has held leading family office roles at Credit Suisse, Citibank, and Boston Private, and he is a guest lecturer on family office at New York University’s Stern School of Business.