The services of a family office are typically used by:

Family offices are specialized investment and wealth management organizations that provide comprehensive financial services to affluent families. The primary purpose of a family office is to manage the investments and affairs of ultra-high-net-worth individuals or families. These investors often have complex financial needs, including wealth preservation, tax planning, estate planning, and investment management, which require personalized attention and tailored strategies that a family office can provide.

Ultra-high-net-worth investors typically possess substantial assets, often exceeding $30 million, and require more intricate financial management than what is typically offered by traditional financial institutions or wealth management services aimed at retail or mass affluent segments. By employing a family office, these investors benefit from bespoke services designed to meet their unique financial situations and objectives, ensuring a holistic approach to their wealth management.

The other groups, such as retail investors and mass affluent investors, may not have the level of complexity or the asset base that necessitates the services of a family office. Institutional investors, while they manage significant portfolios, typically operate under different frameworks and regulatory environments compared to individual family offices focused on personal wealth management.