A family office is often viewed by families as a way to manage their business, meet their financial needs, and gain greater control over their assets. There are as many different kinds of family offices as there are families as each family has its own specific set of demands. Some handle investments and provide basic administrative support, while others plan out all the family's financial and lifestyle needs. Once the family office is set up, it is likely to service multiple generations, each of which may require a distinct approach to wealth management due to their own set of needs.
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