1. What is a Family Office?
An advisory firm that provides comprehensive wealth management services to high-net-worth* families or individuals.
2. The comprehensive wealth management services of a Family Office may include investment planning, financial planning, legal and tax advisory, succession planning and day-to-day affairs of families.
3. Not only does a Family Office focus on assisting their clients with their current and future needs and goals, but it is also responsible for educating the next generation on the management of the family’s wealth.
4. Two common types of Family Office:
- Single-Family Office ("SFO") serving one high-net-worth family only
- Multi-Family Office ("MFO") serving several high-net-worth families
An MFO can be a more cost-efficient option for smaller families, while an SFO offers higher level of personalized services
5. What is the difference between a Family Office and an investment manager?
The main difference is on their scope of service. While an investment manager focuses on the management of investment and securities portfolios of their clients, a Family Office offers a wide range of services that may include investment managers’ services.
6. The Family Office is expected to be established in Bali and the new capital city, Nusantara.
* High-Net-Worth Individual is someone with liquid assets worth USD1 million or more, while Ultra-High-Net-Worth Individual is someone with a net worth of USD30 million or more.
