The High-Functioning Single-Family Office
by Russ Alan Prince and Richard J. Flynn
The world of family offices is garnering extensive and increasing attention. Many of the ultra-wealthy families with single-family offices as well as the senior management of these organizations are very concerned about how to boost value. This covers ensuring robust and efficacious leadership of the single-family office to identify and align the most cost-effective and capable external experts. The objective of this primer is to provide a succinct overview of single-family offices and the five behavioral best practices that are essential for most single-family offices to be high-functioning.