A family office, particularly after the year we have just had, means different things to different people. For the less fortunate, it’s the kitchen – where mum and dad spent a large part of last year at the same table, each trying to block out the noise of the other’s zoom meeting while the children smeared peanut butter on the dog. In the more traditional – and entirely more desirable – sense, the term family office covers a range of multi-faceted organisations which, at their core, provide professional assistance with wealth management, and a very high level of personal service. Deloitte has come up with six broad objectives or functions that a family office should have.
