A single family office exists to govern and manage assets for one family and is wholly owned by members of the same family. This set up typically hires several professional staff, resulting in significant operating costs, which makes it viable only if the family has large investable assets. While multi-family offices govern the interests of each client family independently, it achieves economies of scale by consolidating operational expenses such as office space, operational, regulatory, and legal resources through serving multiple families. As a larger institution, multi-family offices have more resources – access to a wider pool of investment professionals, trusted network of external specialists, exclusive investment opportunities, deep connections with industry veterans, along with extensive capabilities to research and advise families which single family offices may lack. Rigorous governance structures and operational protocols are also in place to serve as institutional memory to safeguard your family’s interests.