Defining SFO and UHNWI

A Single Family Office is a private organisation that independently manages the investments for a single wealthy family. Professionals employed in the family office are known as Family Office Executives and Family Members are known as Principals.

Single Family Offices may be a member of the Family Office Council [link] an associated membership group for single family offices.

The assets in the single family office are the family’s own wealth, often accumulated over many family generations. In addition to investment management some Family Offices provide personal services such as managing household staff and making travel arrangements.

Other services typically handled by the traditional Family Office include property management, day-to-day accounting and payroll activities, and management of legal affairs.

Family Offices often provide family management services, which includes family governance, financial and investment education, philanthropy coordination, and succession planning.

A SFO will likely manage at least $200m in assets and, on average, member of the Family Office Council, manage $1bn in assets.

A Ultra High Net Worth Individual (UHNWI)

A Ultra High Net Worth Individual (UHNWI) is commonly defined as a person with investable assets of at least US$30 million, excluding personal assets and property such as one’s primary residence, collectibles and consumer durables.